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http://realestate.msn.com/article.aspx?cp-documentid=21782888

My prayers are with you. Of course it's only a movie, but in the film, "Larry Crowne" with Tom Hanks, his character walks away from the loan by returning the title and keys to the bank and in the film, this is legally done and there is a term for it, which I can't remember now, but supposedly, the action is suppose to release you from the debt. Again, this is a film, but I believe the actions taken by Larry of returning his home to the bank can be done. You may want to watch the film for some clues. Otherwise, the below article may prove helpful. Hugs and all the best to you. You're very strong.

"Across the country, banks are starting to foreclose on homeowners and then, often with no word or explanation, failing to take possession of the home. From Ohio to Indiana, from New York to Florida and Missouri, these abandoned foreclosures have become common enough that real-estate professionals have coined a name: "bank walkaways."

For homeowners, this can sound like great news: The bank goes away, you get your house back without a mortgage and life goes happily on, you might think. But of course nothing is that simple.

"I know several people who are thrilled by their situation," says Judith Fox, a consumer law expert at the Notre Dame Law School. "But I don't think they should be that thrilled. I think they have inherited a legal nightmare."

But Fox says her advice on when to move out has changed in recent years: "I used to tell people when they got the notice for the sheriff's sale, 'Move!' But I am not telling people to do this now."

She has several clients who moved out after getting foreclosure notices. Their banks, however, failed to finish the foreclosures. The homeowners, who thought they'd lost their homes, were sued by their cities for failing to maintain the abandoned properties, which were still in their names.

If you leave before your bank really owns your home, you face problems like these:

  • The foreclosure can be resurrected. The owner of your mortgage can return later and restart the foreclosure — if property values rise in a few years, for example.
  • Your mortgage can be sold. Just as credit-card companies sell deadbeat accounts to aggressive debt collectors for pennies on the dollar owed, some experts believe that mortgage investors might eventually sell their unproductive debts to a collector.
  • The city can throw you out. You may get to live in the house for free for a while, but if you don't keep up with the property taxes, the city will eventually start a tax foreclosure to take the house.
  • You can't sell. You may have the title (or deed) to the house, but the mortgage company keeps the unpaid mortgage and it's a lien against the title, meaning that you can't put the home on the market until you pay off the lien and clear the title.
  • You're on the hook. State laws vary in the particulars, but if you abandon a house while your name is still on the deed, you're still responsible, as Fox's clients were, for taxes, fines, upkeep, code violations, repairs or demolition costs.

Lois and Danuel Stanley, retirees in Goshen, Ind., were shocked in June to get a notice from their mortgage company saying that it was giving up its efforts to foreclose on their home. They say they didn't even know the bank was foreclosing, although they'd missed payments. The stress of not knowing what will happen next is awful, Lois Stanley says.

"I've never heard of them closing a foreclosure," she says. "Am I supposed to move out? Am I supposed to sell the house? Are the police going to come to the door and say, 'Go'? How many days will I have to go? Will I be able to get my things?" Fox and student lawyers at the Notre Dame Law School clinic are trying to help the Stanleys.

Lawyers like Fox are trying to unravel the complicated legal tangles created by bank walkaways. "Who's got the mortgage? How do you get the lien cleared off your title? These are questions many lawyers have been asking each other back and forth. We don't know," Fox says. "This has never happened before."

Reasons to rejoice and to stay put

There's one definite advantage if your mortgage company abandons your foreclosure: You get to live in your home for free. "I have clients who have been living in their house free for a year and nobody is asking for any money," Fox says.

Once foreclosure has begun — whether the bank continues it or stops — you not only have the right to stay, you should stay until the home is sold and legally belongs to someone else. You'll know it's truly time to move when you receive eviction papers from the sheriff or a court. That could take months -- or longer. These days, overwhelmed mortgage companies can take up to nine months just to start a foreclosure.

Meanwhile, if the bank pulls a disappearing act, don't go crazy and party, Fox says. If you can, put an amount equal to your mortgage payment in a bank account each month, and leave it there. (An escrow account is best. Ask your bank how to set one up.) If you suddenly need to leave your home, there's your deposit and first and last months' rent on a new apartment or rental house. Or, if your mortgage company reappears and wants to restart the foreclosure, the account shows your good faith and can help you in negotiations to modify the mortgage.

The bank's logic

It's impossible to predict if or when a lender will abandon a foreclosure, says Kermit J. Lind, a law professor at Cleveland State University's Cleveland-Marshall College of Law and an expert in legal issues affecting communities. He says he's seen it happen in the early stages, at the last minute before the house was to have been sold at auction, and at points in between.

Fox says she sees walkaways where there are concentrations of foreclosures, particularly in Cleveland, St. Louis and South Bend, Ind. The New York Times reports banks walking away in South Bend; Buffalo, N.Y.; Kansas City, Mo.; and Jacksonville, Fla.

But since no one collects statistics, it's hard to know the number of cases. With about 844,000 foreclosures in progress in just the first half of this year — 22% of the 34 million loans outstanding — there could be a great many. Banks appear to abandon foreclosures when the homes are worth less than the cost of foreclosing. These days, good neighborhoods and bad are dotted (or filled) with empty, worthless homes stripped of fixtures, appliances, pipes and wiring, from which owners fled after foreclosure began.

The banks' thinking makes sense. "It gets to the bottom line for the investor," says Jeannine Bruin, spokeswoman for GMAC Mortgage. When a borrower defaults, the investor who owns the mortgage still must pay attorneys and loan servicers and keep up taxes, insurance and property maintenance. Bank representatives figure, "If I proceed through foreclosure sale, how likely am I going to be to be able to sell this house at value and make any kind of return on my investment?"

In Florida, with condominiums plummeting in price, banks have stopped foreclosures to avoid inheriting liability from a unit's unpaid homeowners association dues, Lind says. He blames banks for pushing owners out of their homes early in foreclosure and then neglecting the properties rather than modifying mortgages.

"The decision-making takes place three states away from the collateral," Lind says, "and they don't have a clue about the condition of the property." The result, he says, is "toxic homes and toxic titles."

To illustrate, Lind describes a home next-door to friends of his in an upscale Cleveland suburb: It's been vacant for a couple of years, and the basement has been underwater since a pipe burst. The house is so dangerous — the interior is black with mold and the supporting timbers are rotten — that "not even police officers will go inside," Lind says. The potential liability is huge for those who, often unwittingly, own such homes. In Cleveland and other cities, fires in abandoned, foreclosed houses have spread, destroying both vacant properties and neighboring inhabited homes.

"Owners who stay in the house are really doing a public service for their neighbors," Lind says. (Read "The run-down foreclosure next door: What you can do.")"

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yes, yes, yes....We praise His Holy name and ask and He always sees us thru...Yep, He amazes me daily and I just want to tell ya how much I appreciate you sharing this news and giving the Glory to our Lord...

God bless you, I know He will continue to see you thru altho it may not be exactly what "we" want, His plan is always better.

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http://realestate.msn.com/article.aspx?cp-documentid=21782888

My prayers are with you. Of course it's only a movie, but in the film, "Larry Crowne" with Tom Hanks, his character walks away from the loan by returning the title and keys to the bank and in the film, this is legally done and there is a term for it, which I can't remember now, but supposedly, the action is suppose to release you from the debt. Again, this is a film, but I believe the actions taken by Larry of returning his home to the bank can be done. You may want to watch the film for some clues. Otherwise, the below article may prove helpful. Hugs and all the best to you. You're very strong.

"Across the country, banks are starting to foreclose on homeowners and then, often with no word or explanation, failing to take possession of the home. From Ohio to Indiana, from New York to Florida and Missouri, these abandoned foreclosures have become common enough that real-estate professionals have coined a name: "bank walkaways."

For homeowners, this can sound like great news: The bank goes away, you get your house back without a mortgage and life goes happily on, you might think. But of course nothing is that simple.

"I know several people who are thrilled by their situation," says Judith Fox, a consumer law expert at the Notre Dame Law School. "But I don't think they should be that thrilled. I think they have inherited a legal nightmare."

But Fox says her advice on when to move out has changed in recent years: "I used to tell people when they got the notice for the sheriff's sale, 'Move!' But I am not telling people to do this now."

She has several clients who moved out after getting foreclosure notices. Their banks, however, failed to finish the foreclosures. The homeowners, who thought they'd lost their homes, were sued by their cities for failing to maintain the abandoned properties, which were still in their names.

If you leave before your bank really owns your home, you face problems like these:

  • The foreclosure can be resurrected. The owner of your mortgage can return later and restart the foreclosure — if property values rise in a few years, for example.
  • Your mortgage can be sold. Just as credit-card companies sell deadbeat accounts to aggressive debt collectors for pennies on the dollar owed, some experts believe that mortgage investors might eventually sell their unproductive debts to a collector.
  • The city can throw you out. You may get to live in the house for free for a while, but if you don't keep up with the property taxes, the city will eventually start a tax foreclosure to take the house.
  • You can't sell. You may have the title (or deed) to the house, but the mortgage company keeps the unpaid mortgage and it's a lien against the title, meaning that you can't put the home on the market until you pay off the lien and clear the title.
  • You're on the hook. State laws vary in the particulars, but if you abandon a house while your name is still on the deed, you're still responsible, as Fox's clients were, for taxes, fines, upkeep, code violations, repairs or demolition costs.

Lois and Danuel Stanley, retirees in Goshen, Ind., were shocked in June to get a notice from their mortgage company saying that it was giving up its efforts to foreclose on their home. They say they didn't even know the bank was foreclosing, although they'd missed payments. The stress of not knowing what will happen next is awful, Lois Stanley says.

"I've never heard of them closing a foreclosure," she says. "Am I supposed to move out? Am I supposed to sell the house? Are the police going to come to the door and say, 'Go'? How many days will I have to go? Will I be able to get my things?" Fox and student lawyers at the Notre Dame Law School clinic are trying to help the Stanleys.

Lawyers like Fox are trying to unravel the complicated legal tangles created by bank walkaways. "Who's got the mortgage? How do you get the lien cleared off your title? These are questions many lawyers have been asking each other back and forth. We don't know," Fox says. "This has never happened before."

Reasons to rejoice and to stay put

There's one definite advantage if your mortgage company abandons your foreclosure: You get to live in your home for free. "I have clients who have been living in their house free for a year and nobody is asking for any money," Fox says.

Once foreclosure has begun — whether the bank continues it or stops — you not only have the right to stay, you should stay until the home is sold and legally belongs to someone else. You'll know it's truly time to move when you receive eviction papers from the sheriff or a court. That could take months -- or longer. These days, overwhelmed mortgage companies can take up to nine months just to start a foreclosure.

Meanwhile, if the bank pulls a disappearing act, don't go crazy and party, Fox says. If you can, put an amount equal to your mortgage payment in a bank account each month, and leave it there. (An escrow account is best. Ask your bank how to set one up.) If you suddenly need to leave your home, there's your deposit and first and last months' rent on a new apartment or rental house. Or, if your mortgage company reappears and wants to restart the foreclosure, the account shows your good faith and can help you in negotiations to modify the mortgage.

The bank's logic

It's impossible to predict if or when a lender will abandon a foreclosure, says Kermit J. Lind, a law professor at Cleveland State University's Cleveland-Marshall College of Law and an expert in legal issues affecting communities. He says he's seen it happen in the early stages, at the last minute before the house was to have been sold at auction, and at points in between.

Fox says she sees walkaways where there are concentrations of foreclosures, particularly in Cleveland, St. Louis and South Bend, Ind. The New York Times reports banks walking away in South Bend; Buffalo, N.Y.; Kansas City, Mo.; and Jacksonville, Fla.

But since no one collects statistics, it's hard to know the number of cases. With about 844,000 foreclosures in progress in just the first half of this year — 22% of the 34 million loans outstanding — there could be a great many. Banks appear to abandon foreclosures when the homes are worth less than the cost of foreclosing. These days, good neighborhoods and bad are dotted (or filled) with empty, worthless homes stripped of fixtures, appliances, pipes and wiring, from which owners fled after foreclosure began.

The banks' thinking makes sense. "It gets to the bottom line for the investor," says Jeannine Bruin, spokeswoman for GMAC Mortgage. When a borrower defaults, the investor who owns the mortgage still must pay attorneys and loan servicers and keep up taxes, insurance and property maintenance. Bank representatives figure, "If I proceed through foreclosure sale, how likely am I going to be to be able to sell this house at value and make any kind of return on my investment?"

In Florida, with condominiums plummeting in price, banks have stopped foreclosures to avoid inheriting liability from a unit's unpaid homeowners association dues, Lind says. He blames banks for pushing owners out of their homes early in foreclosure and then neglecting the properties rather than modifying mortgages.

"The decision-making takes place three states away from the collateral," Lind says, "and they don't have a clue about the condition of the property." The result, he says, is "toxic homes and toxic titles."

To illustrate, Lind describes a home next-door to friends of his in an upscale Cleveland suburb: It's been vacant for a couple of years, and the basement has been underwater since a pipe burst. The house is so dangerous — the interior is black with mold and the supporting timbers are rotten — that "not even police officers will go inside," Lind says. The potential liability is huge for those who, often unwittingly, own such homes. In Cleveland and other cities, fires in abandoned, foreclosed houses have spread, destroying both vacant properties and neighboring inhabited homes.

"Owners who stay in the house are really doing a public service for their neighbors," Lind says. (Read "The run-down foreclosure next door: What you can do.")"

It's called "Deed In Lieu of Foreclosure". Homeowner transfers title to investor and which is supposed to eliminate the need for an auction, and 95% - 100% of the debt. My mom lives with me and says she is not going to leave our home even if the auction goes forward. She says her faith in God is far greater that what B of A can do.

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Hi all, I can't stand these big banks, they pay minimum interest on monies that you deposit in their bank accounts but expect people to continue to pay high interest rates for their loans. I know that was what people signed up for, however, the real estate market has tanked. Most honest people realize that yes, I said I would pay this much, however, circumstances have changed, I've lost my job, etc. will you accept a lesser payment. NO SAYS THE BANKS!! WE WILL FORECLOSE AND MAKE YOUR NEIGHBORHOOD WORTH NOTHING. Instead of working with people so that they can stay in their homes, no we want the property. What good does that do to communities, absolutely nothing in MO. People strip their homes and nothing is left but a shell, is the bank making money at this point NO!! There are families in Florida who have lost their homes, who are living in vans and whose children wash up at different gas stations before going to school, all this from the BEST COUNTRY IN THE WORLD? Work with the people, delay the increases in variable rate mortgages, what are we doing?

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Hi DV Family:

My story is unrelated to the IQD. But, I feel the need to share with you. My home has been in foreclosure since early 2008. My servicer, Bank of America extended the trustee sale at least 4 times up to Jan 3, 2012 which was the next scheduled trustee sale date. I called Bank of America in mid December and explained that my hours at work were cut, my social security disability benefits were suspended because I worked too much AND I made an investment in foreign currency that hasn't brought me a return just yet. Theresa, the foreclosure specialist was extremely nice to me and really listened as I vented my frustration at the prospect of losing my home. He**, I was going to auction in less than 30 days so I had nothing to lose by telling her my problems! Theresa told me she could not stop the sale unless I submitted my property for a short sale, meaning to sell it for less than what I owe and she might be able to extend the sale date yet again. Well family, it is very hard to sell a property in a one horse town and Theresa was well aware of the slow sales market in the area. So, I thanked this nice lady for listening to me and wished her a Merry Xmas and Happy New Year. On New Years Day, two days before the auction, I prayed that if it was the Lord's will that I save my home, so be it. I gave all my heartaches and challenges to Him. What, with trying to find more work to make up for my lost income, I can only fight one battle at a time, right? So, I compartmentalized and focused on my work. Today, I received a certified letter from the Trustee and it states that the foreclosure trustee sale has been scheduled for February 7, 2012. I realize a lot of people don't believe in the power of prayer. I realize there are those who don't believe in God. My truths, life experiences and the way I was raised is what I expect to happen in my life. I prayed for deliverance and God answered. B of A had no valid reason to extend the auction one more month. But they did. Was it a total victory? No. Did I get more time for the RV to take place? Yes. Thank you for listening. The End.

Since the Mortgage bubble busted and the govt bailed them out there was also some laws passed by our greatful congress that made it possible for banks to go above and beyond laws and normal precedures in throwing people from their homes. Bank of America is especially hard at work in this. If they find a home owner down on his luck and can't pay the mortgage but owe very little on the home they will swoop in like vultures for the kill. They don't care.

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...My prayers are with you, friend. My 80-yo dad purchased three houses about four years ago when the housing market started the slip & slide in his town. for a while there he could not get anyone interested in renting any of them. Since I was doing all of the adminstrative work on his properties and other investements he has-i challenged him to try renting out the properties, per room-per bed for x amount of dollars per month. Sort of like those sober living houses do it. well, so far so good. we have been able to rent one out to a woman and her brother but the others are roommate housing. it ends up being much cheaper for each renter, everyone splits the responsabilities of maintaining a clean, safe and healthy environment and everyone is happy.

my point being-you may want to consider renting some of your rooms out to stay afloat.

Also, I read somewhere, where divorced couples (some with families) were moving in with each other again just to stay afloat as well... smile.gif

God Bless

Edited by chocolate1
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Hi DV Family:

My story is unrelated to the IQD. But, I feel the need to share with you. My home has been in foreclosure since early 2008. My servicer, Bank of America extended the trustee sale at least 4 times up to Jan 3, 2012 which was the next scheduled trustee sale date. I called Bank of America in mid December and explained that my hours at work were cut, my social security disability benefits were suspended because I worked too much AND I made an investment in foreign currency that hasn't brought me a return just yet. Theresa, the foreclosure specialist was extremely nice to me and really listened as I vented my frustration at the prospect of losing my home. He**, I was going to auction in less than 30 days so I had nothing to lose by telling her my problems! Theresa told me she could not stop the sale unless I submitted my property for a short sale, meaning to sell it for less than what I owe and she might be able to extend the sale date yet again. Well family, it is very hard to sell a property in a one horse town and Theresa was well aware of the slow sales market in the area. So, I thanked this nice lady for listening to me and wished her a Merry Xmas and Happy New Year. On New Years Day, two days before the auction, I prayed that if it was the Lord's will that I save my home, so be it. I gave all my heartaches and challenges to Him. What, with trying to find more work to make up for my lost income, I can only fight one battle at a time, right? So, I compartmentalized and focused on my work. Today, I received a certified letter from the Trustee and it states that the foreclosure trustee sale has been scheduled for February 7, 2012. I realize a lot of people don't believe in the power of prayer. I realize there are those who don't believe in God. My truths, life experiences and the way I was raised is what I expect to happen in my life. I prayed for deliverance and God answered. B of A had no valid reason to extend the auction one more month. But they did. Was it a total victory? No. Did I get more time for the RV to take place? Yes. Thank you for listening. The End.

I you heard about NACA? They have been helping lots of people save their homes, even with your situation it is not too late to receive help...... The process can be exhausting but I have seen

and heard of people having their mortgages reduced.

Good Luck , you and your family are in my prayers

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Hi DV Family:

My story is unrelated to the IQD. But, I feel the need to share with you. My home has been in foreclosure since early 2008. My servicer, Bank of America extended the trustee sale at least 4 times up to Jan 3, 2012 which was the next scheduled trustee sale date. I called Bank of America in mid December and explained that my hours at work were cut, my social security disability benefits were suspended because I worked too much AND I made an investment in foreign currency that hasn't brought me a return just yet. Theresa, the foreclosure specialist was extremely nice to me and really listened as I vented my frustration at the prospect of losing my home. He**, I was going to auction in less than 30 days so I had nothing to lose by telling her my problems! Theresa told me she could not stop the sale unless I submitted my property for a short sale, meaning to sell it for less than what I owe and she might be able to extend the sale date yet again. Well family, it is very hard to sell a property in a one horse town and Theresa was well aware of the slow sales market in the area. So, I thanked this nice lady for listening to me and wished her a Merry Xmas and Happy New Year. On New Years Day, two days before the auction, I prayed that if it was the Lord's will that I save my home, so be it. I gave all my heartaches and challenges to Him. What, with trying to find more work to make up for my lost income, I can only fight one battle at a time, right? So, I compartmentalized and focused on my work. Today, I received a certified letter from the Trustee and it states that the foreclosure trustee sale has been scheduled for February 7, 2012. I realize a lot of people don't believe in the power of prayer. I realize there are those who don't believe in God. My truths, life experiences and the way I was raised is what I expect to happen in my life. I prayed for deliverance and God answered. B of A had no valid reason to extend the auction one more month. But they did. Was it a total victory? No. Did I get more time for the RV to take place? Yes. Thank you for listening. The End.

rvb4jan1......God really does hear us when we lay our problems in his hands!!!! I have another avenue for you also......Have you looked into having your mortgage loan modified?? If you ask your mortgage company, they can't deny you this option but many don't know of it and they sure don't advertise it. I did it approx. one year ago and it saved my life. At that time I was self employed and my business hit the ground....The modification is free to do and it not only lowered my payments, but my interest rate dropped to 2.5% which will increase yearly until it hits the cap and the good part is that the cap will never go above 5.5%. I love it because now I can make extra if I want to or just the new lowered payment....Check into it...You will have to call your mortgage company directly and tell them you want to speak to the loan modification department. They cannot deny you unless those laws have been changed also. It's worth a try cuz it worked for me!!!! Good luck and God Bless!!!

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are you familiar with RESPA, TILA, Produce the Note defenses? What year did you get your mortgage? Do you see the word "MERS" listed on your deed or does it say it is backed by securities?

This is great defense; I would also like to say the market in Florida is going to get even worse over the next 5 years; partly because of the HOA laws that where passed in June of 2010; by then governor Charlie Christ; giving the HOA's the power to foreclose and get in front of the first & the second, with really no defense. Our GOP candidates should be addressing how they can fix the housing issue & foreclosures; instead of contraceptives being controlled by the state & gaay marriage rights & god being taken out of everything, from schools, government buildings, prayer, etc.. Jmo.

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Hi DV Family:

My story is unrelated to the IQD. But, I feel the need to share with you. My home has been in foreclosure since early 2008. My servicer, Bank of America extended the trustee sale at least 4 times up to Jan 3, 2012 which was the next scheduled trustee sale date. I called Bank of America in mid December and explained that my hours at work were cut, my social security disability benefits were suspended because I worked too much AND I made an investment in foreign currency that hasn't brought me a return just yet. Theresa, the foreclosure specialist was extremely nice to me and really listened as I vented my frustration at the prospect of losing my home. He**, I was going to auction in less than 30 days so I had nothing to lose by telling her my problems! Theresa told me she could not stop the sale unless I submitted my property for a short sale, meaning to sell it for less than what I owe and she might be able to extend the sale date yet again. Well family, it is very hard to sell a property in a one horse town and Theresa was well aware of the slow sales market in the area. So, I thanked this nice lady for listening to me and wished her a Merry Xmas and Happy New Year. On New Years Day, two days before the auction, I prayed that if it was the Lord's will that I save my home, so be it. I gave all my heartaches and challenges to Him. What, with trying to find more work to make up for my lost income, I can only fight one battle at a time, right? So, I compartmentalized and focused on my work. Today, I received a certified letter from the Trustee and it states that the foreclosure trustee sale has been scheduled for February 7, 2012. I realize a lot of people don't believe in the power of prayer. I realize there are those who don't believe in God. My truths, life experiences and the way I was raised is what I expect to happen in my life. I prayed for deliverance and God answered. B of A had no valid reason to extend the auction one more month. But they did. Was it a total victory? No. Did I get more time for the RV to take place? Yes. Thank you for listening. The End.

Keep Your faith and your positive attitude. I feel your pain. I,m reading a great book by Shawn Achor called the "Happiness Advantage" he mentions that virtually all avenues of success are dictated by this thing called an "explanatory style." It's how we evaluate and make sense of what has, is and will happen to us. Not to sound to corny but, You are a child of God and he will never leave or abanded you.

Peace and Love2U

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Hi DV Family:

My story is unrelated to the IQD. But, I feel the need to share with you. My home has been in foreclosure since early 2008. My servicer, Bank of America extended the trustee sale at least 4 times up to Jan 3, 2012 which was the next scheduled trustee sale date. I called Bank of America in mid December and explained that my hours at work were cut, my social security disability benefits were suspended because I worked too much AND I made an investment in foreign currency that hasn't brought me a return just yet. Theresa, the foreclosure specialist was extremely nice to me and really listened as I vented my frustration at the prospect of losing my home. He**, I was going to auction in less than 30 days so I had nothing to lose by telling her my problems! Theresa told me she could not stop the sale unless I submitted my property for a short sale, meaning to sell it for less than what I owe and she might be able to extend the sale date yet again. Well family, it is very hard to sell a property in a one horse town and Theresa was well aware of the slow sales market in the area. So, I thanked this nice lady for listening to me and wished her a Merry Xmas and Happy New Year. On New Years Day, two days before the auction, I prayed that if it was the Lord's will that I save my home, so be it. I gave all my heartaches and challenges to Him. What, with trying to find more work to make up for my lost income, I can only fight one battle at a time, right? So, I compartmentalized and focused on my work. Today, I received a certified letter from the Trustee and it states that the foreclosure trustee sale has been scheduled for February 7, 2012. I realize a lot of people don't believe in the power of prayer. I realize there are those who don't believe in God. My truths, life experiences and the way I was raised is what I expect to happen in my life. I prayed for deliverance and God answered. B of A had no valid reason to extend the auction one more month. But they did. Was it a total victory? No. Did I get more time for the RV to take place? Yes. Thank you for listening. The End.

I can understand your pain , I know you think your property wont sell but you should try anyway and list it with a realtor as a short sale and it will delay the sale. B of A has a program called a cooperative short sale program and if your home sells through the program they could give you up to $20,000 for moving expenses and to get you on your feet ( prehaps with an apartment ) also they will not pursue the deficiency balance on your loan meaning the difference of what you owe on the loan and what it sold for. I know of someone this worked for , his house sold and the bank cut him a check for around $9000, I hope this can maybe help, call the bank and ask about the program you have nothing to loose.

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