14 Mar 2008 02:11:36 | John Davis
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
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Now you can stop your home
foreclosure. 
