There are solutions to avoid letting your house fall into foreclosure.

By: Richard A. Wamsat III

 

Real Estate investors were lined up this morning at the court house steps to find out that at least one home would not be on the auction block today. 

This is a case where the bank said NO, that they could not postpone the sale. Luckily I don’t know the meaning of no, and pressed on.   The bank said that the investor had denied the request. (The large banks that you make your payment to, usually do not own the loans that they service). I asked who the investor was and was told that they do not give out that information because it is proprietary. So I talked to her boss, and I got the same run around. By the time I was done I had spoken to her boss’s boss’s boss’s boss until I got far enough up the food chain that I reached a boss who does not take phone calls from people like me. Each boss held the party line “Sorry we cannot give you that information and there is nothing that we can do to postpone the foreclosure.” I did some research and found the email address of the manager that would not talk with me, and well as the email of someone that was in a higher position then he was. Believe it or not I had an email back from that same manager that would not speak to me just an hour earlier and an email from his boss. Well unfortunately they told me that there was nothing that could be done. Meanwhile I found the investors name out on my own and replied back to them, that I would be calling the investor in the morning to explain where the servicer fell short on this file and to show them that the offer I had represented a cost savings to them over foreclosure, and that any help that they could provide would be helpful. A few more cans were rattled and an upper level executive’s assistant was encouraging people to help me.

When I spoke to the investor they submitted my request to the foreclosure department and with-in a few hours I found out from the Trustee that the sale had been postponed just four hours before the auction was to begin.

Now this is an extreme case, and lesser agent might have given up at several points along the way. If you or someone that you know and care about is facing foreclosure and would like to talk to an agent that doesn’t take no for an answer easily please give me a call at (209) 613-4092. Or fill out the contact request form at the bottom of this page or on www.ForeclosurePreventionOption.com.