1. Keep the foreclosure notice!
2. Write to the address in the notice requesting a modification. Keep a copy of the letter. (Do this even if you have been rejected before.)
3. Get all the papers with your mortgage, payments letters, everything, and put it in a file or envelope.
4. Write a letter to the mortgage company requesting the payoff amount, in writing, and send a RESPA letter (See sample at www.stopcreditor.com/) to the mortgage company..
(Do this for each mortgage on the property)
5 .Get an idea what your house is really worth, to sell, right now, as is, without painting or any fixing up. Any other homes for sale in your area? Find out what they are asking.
6. Get your last two years’ tax returns together.
7. Get all the pay stubs and pay/unemployment records for this year.
8. Make a list of all creditors, car loans, leases, credit cards, medical bills, credit unions, student loans, back taxes, everyone you owe, or who claims you owe them, money.
9. Write up an accurate monthly budget, with the income you reasonably expect going forward, and your future expected living expenses.
(this does not count the credit card and other monthly bills that are NOT costs of living. For example, future utility bills are living expenses, VISA payments are not.)
10. Contact attorney Kurt O’Keefe with any questions, at kurt@michiganmortgageattorney.com,
or 586-819-0736 Macomb County office, 313-962-4630 Wayne County office.
FOR YOUR FREE COPY OF THE CONSUMER’S GUIDE TO DEFENDING FORECLOSURE,
click here.
Top Ten Things To Do When You Get A Foreclosure Notice
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