1. A copy of any collection letters, foreclosure filings, etc.
2. Lender name, contact name/s, and phone numbers for lender
3. Information/contact info on any outstanding leins on the home.
4. Recent mortgage statement or coupon showing balances
5. Property Survey (if available)
6. Copy of previous Appraisal
7. Hardship letter
8. W-2’s (needed for each person on the deed)
9. Bank statements- for last 2 months all 4 pages of each (needed for each person on the deed)
10. Financial package completed from lender/s (will be provided by each lender)
11. last 2 Pay stubs from employer (needed for each person on the deed)

^{Feel free to contact myself for more information at (704) 840-4137 or Rod Potter at rpotter@carolina.rr.com.}

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Are you in foreclosure and looking to save your credit?

I can sell your home and as the seller, you may not have to pay any COMMISSIONS!!!  I will negotiate with your mortgage company to have ALL CLOSING FEE’S  (including the commissions) paid by them, or by the buyer of your home if a shortsale is needed.

A shortsale is a process where I will negotiate with your lender/s towards getting them to accept a reduced payoff amount on your loan/s. On many occasions, a shortsale is required because the amount owed (including the loan/s, agent commissions, closing costs, taxes, etc.) on the home is more than what the home is worth.

Contact me today to setup a no hassle, no obligation private consultation specific to yourforeclosure needs. I am a licensed North Carolina and South Carolina Realtor® who has been in real estate industry for years and that specializes in this type of real estate transaction.

Let me take all of the guess work out of the process. Even if you have tax liens, second & third mortgages, etc…. I can help.

You won’t know if I can help or not unless you call me today. Please call my cell phone at (704) 840-4137 and I will personally take your call…. no answering service and no receptionists.

If you are going to sell your home, use a Realtor that……

A) Has a clientel of investors that can buy your home quickly.
B) Is experienced with foreclosures and shortsales.
C) Knows how to deal with frustrating lenders.
D) Specializes in foreclosure listings.
E) Understands the importance of getting a quick sale and closing.

Please give me a call today at (704) 840-4137 and let’s see how I can help.

In these difficult times, it can feel like there are nothing but bad choices.   However, some are not as bad as others.   If you are finding yourself having difficulty with keeping up with your payments you do have some choices.

Short Sale: Even if you are behind on your payments or don’t think you can sell your home for as much as you owe, we may still be able to help you sell our home and get out from under your loans.   A short sale is when you sell your home for less than the total amount you owe the lender(s).    The process can be arduous but you avoid a foreclosure and generally will face less negative consequences on your credit score.   We have successfully negotiated over 30 short sales and usually gotten the lenders to forgive the shortfall on the payoffs.

We will help you through every step of the process.  The lenders generally require a couple years of tax returns, bank statements, and a letter explaining why the loan cannot be paid in full (a hardship letter).

Foreclosure: Foreclosure is when the bank actually goes through the process with the public trustee to sell a property at auction.   The process starts when the Public Trustee sends a Notice of Election and Demand.   From that point it can be as little as 120 days before the property is sold at auction.  Frequently the bank ends up with the property.    Even if the process has started, you may still be able to sell your home – if we can get an offer, most lenders will pause (forestall) the foreclosure proceedings, giving more time to complete the sale.

Foreclosure can a have significant effect on your credit score, ability to obtain loans, possible employment (if potential employers check it) and even security clearances.

Contact me today for more information!  Email: rpotter@carolina.rr.com / Phone: (704)840-4137 / Website:  www.rodpotter.com

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Facing Foreclosure? 10 different options that you have.

If you fall behind on your home loan, you will quickly learn that your options are limited. The more behind you get, the less options you have. Here are some suggestions that you could use to delay/stop a potential foreclosure………

1. Sell your home-

Call my cell phone at (704) 840-4137 for a free, no-hassle, no obligation consultation on how you can sell your home and have the lender pay for it.

2. Call lender/s-

Contact all of your lenders and ask them to postpone it. Tell them you are trying to save the home, and can prove that you are working on a solution (refinancing, selling, etc.) and offer to fax them a letter and documents to back up those claims. Call me and I can get you a name or two of a mortgage professional that might be able to help you re-finance your home.

3.Call Subtrustee-

Contact the lender’s attorneys (sub trustee) and do the same thing. Sometimes, the attorneys will have a better contact at the bank than you do.

4. Bankruptcy-

If necessary, file bankruptcy and have the foreclosure process stopped immediately. Speak with an attorney about how long you would need to be able to file before the sheriff sale. Some states may allow you to file the day of the sale, while others have laws that drag out the process by days or weeks. This will only DELAY the sale, not stop it. This should used in specific situations, please consult a qualified bankruptcy attorney for more information.

5. Deed-in-Leu-

If acceptable to the lender, they will take the home from you voluntarily.

6. Loan Modification-

Speak with your lender about doing a loan modification. Essentially, this is changing the terms of the loan to better match your current income/situation.

PRO’s- This is a good option to change your loan terms.

CON’s- This can take a while to get completed (if ever). Working on a loan modification will not stop or delay a foreclosure action by your lender. It would be recommended to probably try to sell your home at the same time that you are doing a loan modification.

7. Get help NOW, not tomorrow, not next Tuesday, not after the lender calls me back….NOW. From who?

Contact a HUD-approved housing counseling agency. Call (800) 569-4287 or TDD (800) 877-8339 for the housing counseling agency nearest you. These agencies are valuable resources. They frequently have information on services and programs offered by Government agencies as well as private and community organizations that could help you. The housing counseling agency may also offer credit counseling. These services are usually free of charge.

Contact the state agency responsible for housing in your state. Ask them of any organizations sponsored by the state or run by the state which can assist you in this issue. Many states are funding programs to help homeowners by advocating on their behalf with lenders, providing one-time grants for funds to catch up past-due payments, etc.

8. Avoid being scammed by those anxious to take advantage of you in your circumstance either by offering to buy your home quickly, make payments on your behalf, etc. How to know if you are being scammed?

Phony counseling agencies. Some groups calling themselves “counseling agencies” may approach you and offer to perform certain services for a fee. These could well be services you could do for yourself for free, such as negotiating a new payment plan with your lender, or pursuing a pre-foreclosure sale. If you have any doubt about paying for such services, call a HUD-approved housing counseling agency at (800) 569-4287 or TDD (800) 877-8339. Do this before you pay anyone or sign anything.

Don’t sign any papers you don’t fully understand.

If you’re selling the house yourself to avoid foreclosure, check to see if there are any complaints against the prospective buyer. You can contact your state’s Attorney General,  or the local District Attorney’s Consumer Fraud Unit for this type of information.

9. Ask for help.

The earlier you ask for help, the less help you need. If you get 2 payments behind on your home loan, there is still time for a church friend, family member, etc. to help you catch-up. Asking for help early makes it more likely help can…well…HELP. Waiting until the house is going to be auctioned on the courthouse steps is simply too late for most people to get behind you and your circumstances and provide you financial help.

Lenders do not want your home. Foreclosure is expensive and unprofitable for a lender. They will often work with homeowner’s who communicate with them, who do what they say they will do, and who present some kind of plan for getting back on track.

10. Court Hearing-

Before the court hearing date or the date of the hearing on your home, ask the judge for an adjournment (delay). If the date was inconvienent, tell him/her that the date and time of the hearing is/was inconvenient. (ie. work, or inability to obtain the documents for the lender in-time). Lenders are notorious for being slow, it is not unusual for people to wait a while for the lender to provide payoff documents etc to them.

§        Dress nice the day of the court hearing.

§        Address the judge as “Sir”, “mam” or “Your Honor”.

^{Contact me today for more information!  Rod Potter/ Email: rpotter@carolina.rr.com / Phone: (704)840-4137}

DISCLAIMER: Presentation of this information is for general purposes only. No information on this page is to be viewed as legal advice or as an official description of judicial process. These descriptions are general and are displayed strictly as a service to consumers. They are not intended to be all-inclusive or to cover default situations in all states. Default procedures vary by state and change often. The information herein is not to be construed as up-to-date. Consumers are advised to seek professional legal counsel in any default proceeding.