Stop Foreclosure Part 2: Why would you just sit back and watch?

Why would anyone sit back and watch their foreclosure without doing everything in their power to stop the foeclosure sale. I have seen it happen too many times. The family believes that something will happen at the last minute to come rescue them - then it is too late and they have no where to turn. They don't have enough time to sale, not near enough time to get a loan, not even enough time to cash in on their IRA or 401K.

So, why just sit back? People are often paralyzed by the unknown and the fear of the whole situation that they have found themselves in, and as a result they "duck" their heads in the sand and just hope that it will all go away. In some cases, I have seen homeowners just move giving up saying "I'll just let the bank have it back."

They feel that this is there only choice. They feel that the house and the bank is causing all of their problems and they simply want to get away from it all. However, ignoring the situation or just walking away could be the biggest mistake that homeowners can make.

Here's why:

1. If the bank forecloses and they will (never believe that they will never do it), they can actually have the sheriff come to your home and have you evicted.

2. Even if the bank forecloses, that's not the end of the situation. If the bank forecloses, and they take a loss on the property, then they can get a Deficiency Judgment which will attach to anything you own.

3. The bank can garnish your wages if they take a loss & in most cases banks do take the loss.

4. It will ruin your credit. You may think so what? - My credit is already ruined. I promise you : It's Not ruined to the degree of what a foreclosure would. I have a friend that lost his home and he had a hard time finding an apartment and a job. Beause employers and landlords do both credit and background checks.

This just a handful of some the awful things that can happen, not even to mention the stress that the situation puts on you and your relationships. So, I urge you to Stop Your Foreclosure as soon as possible. For a Free Report of all your options, go to www.48hourclose.com

About the Author

Now you can stop your home foreclosure.

Free Report Tells you "How to Win The War Against Your Lender and stop Foreclosure!" at http://www.48hourclose.com

John Davis owns 48hourclose.com: a website devoted to helping families that are facing foreclosure.

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Stop Foreclosure Part 2: Why would you just sit back and watch?

About the Author

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