THE ART OF FORECLOSURE DEFENSE
Foreclosure defense is exploding. Foreclosure defense is the fine art of keeping a homeowner in their home for as long as possible, without the homeowner paying the mortgage. A good foreclosure defender can keep a homeowner in her home for years…rent free. She may be able to get a settlement at the end of the day.
Three rent free years adds up to tens of thousands of dollars of savings. It may be enough time for the kids to finish off high school. Foreclosure defense has helped more homeowners than HAMP and HAFA combined.
The foreclosure defender’s knowledge and execution are priceless. A good foreclosure defender need not be an attorney, real estate agent, nor loan broker. But she needs close relationships with them. She doesn’t need a fancy office to meet her clients, but she must be able to close deals at It’s a Grind. She sounds upbeat on the phone and her texts bring a sense of confidence.
There is no one single way to keep a homeowner in the home. It requires a knowledge of the process. She needs to know about short sales, since those can buy almost a year. A loan mod can keep a homeowner in the home for another year. Foreclosure mediation gets the homeowner four more months. Postponing the trustee sale can buy 90 days. Mortgage litigation can buy six months. Bankruptcy another 100. And then there is the unlawful detainer defense. Which of these to use, when to use them, and how to use them is an art.