Blaine, WA (PressExposure) April 29, 2009 -- SaveMeFromForeclosure.com, is hearing a lot of buzz about the "PRODUCE THE NOTE" method to help U.S. homeowners to stop foreclosure. These three little words can carry a lot of weight in the courtroom for companies not in possession of the original mortgage note signed by homeowners.
The significant increase in the real estate market earlier was responsible for many investors flipping mortgages. They were sold to other lenders or investors on Wall Street. In fact, the company that is trying to foreclose on a property may not be the rightful owner.
Justin Lee, CEO and Co-Founder of the company says, "At SaveMeFromForeclosure.com when homeowners contact us because they want to try and stop foreclosure and keep their home, we engage a team of attorneys to modify the terms of their existing loan. While it's certainly possible that the team of attorneys may use strategies such as forcing the lender to "Produce the Note," we feel that a homeowner attempting to do this on their own might be biting off more than they can chew. When possible, we recommend that the homeowner seek out professional help when trying to stop foreclosure, and also doan active screening of any company that they might do business with."
Proving that the strategy does indeed work, the Associated Press reported 14 foreclosures thrown out in 2007 in Cleveland, Ohio when the plaintiff, Deutsche Bank National Trust Company could not "produce the notesâ on these homes.
Using âproduce the noteâ strategies is intended to accomplish delay a foreclosure. The ultimate goal is to get the lender to negotiate with the homeowner to make the mortgage more affordable. Many homeowners have tried to work out restructuring their payments with lenders to stop foreclosure; however, this has sometimes met resistance from the lenders.
During the increase in home sales and loans many lenders were responsible for propelling clients into unfair loans. Now when they are facing default the lender should take responsibility and work out a fair solution to the homeowner's predicament.
Dreama Lee, President and Co-Founder of http://www.SaveMeFromForeclosure.com, LLC which specializes in helping homeowners find a solution to keep their homes and stop foreclosure, stated, "We are getting a lot of questions from homeowners about whether using the "Produce the Note" strategy is a viable one. While in theory it's a great concept, we do not advocate homeowners trying to defend themselves against a pending foreclosure, using "Produce the Note" as their main strategy."
About SaveMeFromForeclosure.com Remember that weâre here to help you stop foreclosure fast on your home, whether you want us to try and help you keep it or sell it. For your free consultation visit http://www.savemefromforeclosure.com/questionnaire.php and be as detailed as possible to receive your totally free, no-risk, no-obligation analysis of your situation.
From SaveMeFromForeclosure.com- The Nationâs leading foreclosure prevention resource and authority. âYou have options, and we can helpâ Press Release Distribution By PressReleasePoint