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02-24-2009, 06:40 PM
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Confirmed User
Join Date: May 2008
Location: Phoenix, AZ
Posts: 3,025
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Awesome story 3 words to save your home!
This is a great story if you or your family and friends are facing foreclosure.
Kathy Lovelace lost her job and was about to lose her house, too. But then she made a seemingly simple request of the bank: Show me the original mortgage paperwork. First Kathy Lovelace, looked over mortgage documents at her home Thursday Jan. 12, 2009 in Zephyrhills, Fla., lost her job, then got caught in mortgage-limbo. She tried desperately to hang onto her house, but was getting nowhere with maddeningly uncooperative loan offers and collectors on the phone. Then last fall, she printed a document from a website and filed it with the court, simply asking that the lender produce the original mortgage note. And just like that, the mortgage proceedings stopped. And just like that, the foreclosure proceedings came to a standstill. Lovelace and other homeowners around the country are managing to stave off foreclosure by employing a strategy that goes to the heart of the whole nationwide mess. You can read more at http://abcnews.go.com/US/WireStory?id=6897985&page=1 |
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