Stopping Michigan Foreclosures!
 
 
 












   

Common Misconceptions:

"An attorney told me all I have to do is file Chapter 13 Bankruptcy to stop the foreclosure”

Yes, Chapter 13 temporarily stalls the foreclosure proceedings: however it is only a temporary solution! You will have to endure fees, court appearances, and a bankruptcy on your record, and still have to make your house payments along with compiled arrears and fees. Be sure to ask the attorney these questions.

"The bank has been really helpful and they're helping me solve this. I don't need additional help"

Yes, you need to be talking to the bank, the worst thing you can do is ignore them. However, the bank does not have your best interests in mind, they have their interests in mind. They want to get paid ASAP or they want to take your house. If you don't have someone on your side, you may end up losing your home even faster.


“I can work out an affordable payment plan or forbearance with the bank”

The bank's plan is seldom reasonable and your payments will increase significantly by as much as hundreds or even thousands of dollars.


“The bank won’t kick me out because my husband and I have medical disabilities and 6 kids living in the house”

Unfortunately, the bank only cares about collecting their debt regardless of your situation. Harsh reality is once the house goes to Auction, the sheriff will eventually come and order you and your family to vacate the property.


“I owe too much on my house so if I sold my house with a Realtor® I would have to pay thousands of $$ in commissions and closing costs. I can’t sell my house, it’s not an option, I don’t have the money”

Unfortunately, in most foreclosure situations, the person can’t afford Realtor® commissions and closing costs or does not have enough time to sell and close it before the Auction. Working with an experienced Foreclosure Specialist, who has a working relationship with banks, and is willing to negotiate on your behalf, can overcome these problems. Many times Foreclosure Specialists are willing to take a risk and pay money to buy enough time to negotiate with banks.


“The bank said that I can do a DEED in LIEU and not have a foreclosure on my record”

Don’t let the bank fool you. Your credit report and personal record will read “Deed In Lieu”, which is a VOLUNTARY FORECLOSURE (this is just as bad on your credit as a full foreclosure). This only benefits the bank (saves them money - see above).


“It’s too late, I can’t do anything, it’s no use trying”

Nothing is farther from the truth! Until the sheriff kicks you out, there are always options!

We hope this clears up any misconceptions you may have had about the foreclosure process. Don't be depressed, there is plenty of hope and lots of options. We can help you navigate the process so you can start over again. If you have additional questions, feel free to contact us.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We can save your home from foreclosure!
There are many companies and individuals in Michigan that promise that “I Buy Houses” or “I Stop Foreclosures”.
You need to understand that many of them are much more interested in taking your home and your equity than they are about helping you. See this Special Report for details.

Too much information? Confusing? That's OK, contact us right now and we'll simplify it for you.

You NEED To Take Control - Click Here to learn how. | You DO Have Options - Click Here to see them all.


Contact an experienced Foreclosure Specialist now!

Call Now! Time is your worst enemy


© 2007-2013 – Great Lakes Home Solutions, Inc. | Privacy Statement