SAMPLE FORECLOSURE DOCUMENTSWe've designed Help With Foreclosure Questions.Com to offer complete flexibility when you decide on your foreclosure plans.To help you find qualified professionals, we've developed strategic relationships with a select few of the top attorneys, realtors, mortgage brokers and financial advisers in your area and done the due diligence for you. They each have experience with the option you've selected and have otherwise established a solid reputation in the community. We're not a referral site and don't simply list anyone and everyone willing to pay a listing fee. If you've decided to handle things yourself or can't afford to hire a professional, you have a couple of alternatives. You can either use the "Sample Documents" we've prepared to help guide you through the process or use an online site to help you execute your option, or a combination of the two. Regardless of whether you hire a professional or proceed on your own, make sure to learn everything you can about the foreclosure phases and process overall before deciding which option is best for you. Documents You Need to Defend Your Own Foreclosure LawsuitAlthough each state's foreclosure and procedural laws vary widely, you typically need to respond to a foreclosure lawsuit within 20 or 30 days. Respond generally means you can file a Motion for Extension of Time or Motion to Dismiss the lawsuit before filing an Answer in some circumstances or you can file your Answer and Affirmative defenses containing many of the same issues raised in a Motion to Dismiss.To help guide you through the information needed for each step, we've prepared Sample Foreclosure Answers, Affirmative Defenses, Motions, Counterclaims and Discovery to use depending on the facts of your case that you'll need to modify to reflect your situation. The documents are provided solely as examples and may not comply with your state's procedures so be sure to check with the Clerk of Court or local law library for help in conforming these materials to meet your state's requirements.
SAMPLE FORECLOSURE ANSWER
Sample Short Sale Documents and Short Sale OptionsOnce you've reviewed our "Short Sale" discussion in detail, you need to decide whether to hire a professional or do it yourself.For some, it may be easier to hire a realtor with Short Sale experience who can help find potential buyers and assist you in gathering supporting materials to convince the bank that you have an underwater mortgage. There should be no upfront costs to you as the realtor only gets paid if and when the Short Sale is approved and completed.Read More on "Short Sales."
If you've decided to handle the short sale on your own, try to find a buyer if at all possible before asking the bank for short sale permission. Although not mandatory, the easier you make it for the bank, the faster they'll respond and the more likely they'll approve it. To get the ball rolling, use our "Sample Short Sale Cover Letter" and "Sample Hardship Letter" together with information on whether and by how much your mortgage is underwater. The bank will then let you know what if any additional information is required and be sure to call them weekly for status so they don't forget you.
Sample Short Sale Cover Letter
You can also use online services for a very reasonable low price to help you both locate potential buyers and list the property for sale. One of the better online services we've seen to help you with a short sale of your property is Wholesale Realty Depot.Com which includes form contracts and other important documents in addition to providing resources to list your property and locate potential buyers. Sample Loan Modification Documents and OptionsIf you've decided that a Loan Modification is the best way to avoid foreclosure, you have two ways to proceed. The first is to contact and work with your lender or another bank on your own, and the second is to work with an experienced mortgage broker.If you hire a licensed mortgage broker to help with a modification of your existing loan or getting a new loan to replace your existing mortgage, you don't have to pay any upfront fees or costs as the broker only gets paid if and when you get a modification or new loan. In fact, in many states including Florida its illegal to charge upfront fees for loan modifications. To help you locate qualified and experienced mortgage brokers, we have entered into agreements with some of the best professionals in your area.
Mortgage Brokers In Your Area.
Loan modifications with your existing lender are relatively straightforward and you can easily proceed on your own if you'd rather not hire a broker to work with you. To get started, use our "Sample Loan Modification Cover Letter" and the "Sample Financial Hardship" that applies to you and work with the bank from there. Make sure you understand who's involved in the process by reviewing our "Foreclosure Loan Modification" section and be prepared to document that your loan is underwater to help convince the bank that a loan modification is best for both sides.
Read More on "Loan Modifications."
Sample Loan Modification Cover Letter
Deed in Lieu of Foreclosure and Related DocumentsAlthough the "Deed in Lieu of Foreclosure" would appear to be a no-brainer for the bank, that seems to be the problem. With brains wired solely for profit, sometimes common sense gets lost in the mix and banks actually believe they can squeeze more out of you than just handing over your home. Apparently they can't figure out that if someone is just willing to leave their home and move on, they probably have very few options and even less resources.What this means is that you actually need the banks permission for a Deed in Lieu of Foreclosure and its pretty much the same process we've outlined above for short sales and loan modifications. You'll send a cover letter that explains what you're trying to do and a hardship letter that justifies your decision. Use the Sample Cover Letter and Hardship Letters below as a guide for the information you need to convey to the bank, but remember to personalize it with specific details and support the request with information about your underwater mortgage.
Read More About the "Deed in Lieu of Foreclosure"
Sample Deed in Lieu of Foreclosure Cover Letter
Sample Property Rental DocumentsIf you decide to rent your home and move to a cheaper location until you can afford to move back or to rent a room or portion of your house to help defray expenses, you'll need a lease agreement for your property and likely a second lease agreement if you move to a new house or apartment.Although we've prepared Sample Lease Agreements to assist you, we strongly recommend hiring a realtor to help find suitable tenants and a new residence. An experienced and trusted realtor can help with background checks for potential tenants, save you time and effort by directing you to rental property that meets your criteria and maximize your savings by finding an affordable home while securing the highest possible rent for your primary residence. Leasing Specialists in Your Area Return From "Sample Documents" to Home Page
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