David Saks: May 2008

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Foreclosure Avoidance Tip #5 : Prevention Options

                                                          prevention

Understanding and recognizing foreclosure prevention options is a must in today's world, or any world for that matter. When we start listing real estate on the moon we'll still have to recognize the ways to prevent foreclosure. Here are a few things I share with our customers and clients when the question arises:

1. Absolutely make mortgage payments the first priority.

2. Manage your budget to avoid crossing the line past the point of no return.

3. Build up a nice savings account for a healthy reserve in case of a financial crises.

3. Get in touch with your lender the moment you realize you can't make your mortgage payment.

4. You can receive free housing counseling by calling 1-888-995-HOPE.

5. Remember to never make payments to anyone other than you lender or a foreclosure attorney.

These are just a few things to remember.

Can you think of other options that you should inform your clients or customers about when they have questions about foreclosure and the preventive measures that must be sought to insure that their legal and financial responsibilities are met ? Helping our clients and customers keep their homes is my number one priority as a REALTOR®. 

When the time arrives for your client to sell their home, my greatest hope is that it's because they need a mountain view or another room for the new arrival in the family, or something similar, and not because the court-ordered sale of the home is in four weeks.  I wish good thoughts today, for all of my friends and thank you for yours.                                            




David Saks



Time&Temp Memphis

Legal Disclaimer
Please be advised that:

 The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until convicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide.

By entering this web site, you understand the following:
When you select a link to an outside Web site, you are subject to the privacy, copyright, security, and information quality policies of that Web site. David Saks:
1.DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked Web site;
2.DOES NOT endorse linked Web sites, the views they express, or the products/services they offer unless linked web sites, the views they express, or the products/services they offer endorse or support David Saks in accordance with the standards of the Tennessee Real Estate Commission and the Federal Government's laws regarding commerce and the application, solicitation and transmission of internet-related concerns, commerce or social networking;
3.CANNOT authorize the use of copyrighted materials contained in linked Web sites;
4.IS NOT responsible for transmissions users receive from linked Web sites;
5. That DavidSaks.Com is biographical & real estate related. Some links within will leave this site.
6. http://activerain.com/profile/davidsaks is internet-compliant & abides by the rules & regulations of the Tennessee Real Estate Commission, Eve Maxwell, Executive Director.
7. Unless indicated otherwise, ActiveRain does offer listings, or IDX and is provided for licensed salespersons, brokers, buyers & sellers of real property as a community & professional service.
8. David Saks is a retired / licensed real estate broker in the State of Tennessee, license #290452, and an independent contractor.
9. Information is believed to be accurate, but not guaranteed, at any realty link or document connected to the World Wide Web & viewable by anyone connected to the internet who has a web browser.
10. Brokers, buyers, sellers, agents & anyone should independently verify any information prior to submitting any offer to purchase goods & services from any link.
11. Please Visit The American Real Estate Alliance or Memphis.8k.Com for additional information regarding property issues for real estate professionals and consumers.

 

Photos © & Licensed by Nova Development

All Content Protected © 
Before you even think about
committing a real estate crime
click this red button.
Real Estate Crimes

© All Rights Reserved.

 

 

 

 

"Information generated by the Department of Justice is in the public domain and may be reproduced, published or otherwise used without the Department’s permission. Citation to the Department of Justice as the source of the information is appreciated, as appropriate."

Department of Justice Legal Policies


 

  Real Estate Crimes

 

Click "HERE" For Today's Question

 

 

TheListen Now!

David Saks Show

Saturday Nite

9pm-12am Central

University of Memphis

WUMR

 

Support
America's Hobby

Click Elvis

Mr.Saks' participation in ActiveRain ended April 13, 2015.

His blog archives will remain online.

May God bless you.

Comment balloon 0 commentsDavid Saks • May 11 2008 01:06PM
Foreclosure Avoidance Tip #5 : Prevention Options
share
Understanding and recognizing foreclosure prevention options is a must in today's world, or any world for that matter. When we start listing real estate on the moon we'll still… more
Amortization Primer : Slow Painful Death of a Loan or Welcome Relief
share
The word "amortize" means "to kill off slowly over time". To "liquidate gradually". Almost all deed of trust and mortgage loans are amortized loans. … more
Dead MEAT Formula II
share
I'm reposting this because of the horrors facing the country with this crisis and the piracy. I had a sales meeting recently and we were talking about how stupid the gas prices are, and… more
Dyersburg Dynamism : ActiveRain's Brad Andersohn Comes to Town
share
How much better could blogging get when your sitting next to the expert? The board room was filled with outstanding REALTORS® from all over the region who made their pilgrimmage to… more
More HUD Tips to Avoid Foreclosure : 4. Know Your Mortgage Rights
share
Tell your client to dig up the loan documents and read them so that they know exactly what the lender can do if they don't make the mortgage payments. Clients and customers need to know about… more
Another HUD Tip to Avoid Foreclosure : 3. Read the Mail
share
The first notices that some homeowners in default will receive are notices about foreclosure prevention options. This is usually a very good collection of alternatives and is mostly useful information that can… more
Brad Andersohn's Here : Should I Take Him to Elvis' House
share
Brad called me a few minutes ago His plane just arrived. He's in town for the ActiveRain Seminar in Dyersburg, Tennessee tomorrow, sponsored by our friend, Mike… more
More HUD Tips to Avoid Foreclosure : 2. Contact the Lender
share
You need to tell your customers and clients to contact the lender as soon as you realize that they have a problem making the notes. The lender doesn't want to take the house … more
HUD's Tips for Avoiding Foreclosure : 1. Don't Ignore It
share
I wanted to share some thoughts about foreclosure with you: If you keep getting behind it's going to become real tough to reinstate your loan or work out some kind of arrangement to… more
Denying Housing : You're Really Asking For It
share
Federal and State laws make it illegal to deny housing based on a person's religion, color, race, sex, handicap, familial status or national origin. Here are some things that can really get you in… more