I received a phone call recently from a man who asked to speak with an attorney to stop his Foreclosure. I informed the man that we are not attorneys. He said that a person he spoke with at a credit repair company referred him to me.

He told that he was given $2,000 by his lender in exchange for him to move out by a certain date. The man also stated that he was given an eviction notice. That date just happened to be the day after he called me.

Once a lender has given the home owner Cash For Keys, the Foreclosure has already been completed and there is nothing we can do about it. The lender was paying him to get out of the home so they could take possession. He said they had already postponed the move-out date several times.

I told him that if he could postpone it at least 30 days I could see how we can help. I was wrong. When I spoke with our Loss Mitigation Director, I was told that the Foreclosure was already done, leaving nothing for us to do.

This is why contacting us immediately when a home owner receives a Notice of Default is so important. Had he contacted us prior to the Foreclosure sale, we may have been able to help him. Now that home is no longer his and he had to move out.

To learn how you can help reach more home owners and Prevent their Foreclosure, visit PreventForeclosure.net.

Jim Hutchinson
Certified Loss Mitigation Consultant
Freedom Foreclosure Prevention Services