The Tightwad

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Archive for February 25th, 2009

Feb 25 2009

Foreclosure???

Published by hsmom under Uncategorized Edit This

I know this is not necessary a tightwad subject, but I think it is an important money matter.  Hopefully no one that is reading my blog is facing this problem, but if you are there may be a sliver of hope.  One thing they are finding is many banks are having trouble producing the mortgage note and you can file paperwork with the courts demanding them to “produce the note”.  This is a stall tactic and will many times delay the foreclosure and could give you time to get back on your feet.  You can find out more about a movement encouraging people to try to hold on to their homes and force mortgage companies to “produce the note” at: http://www.consumerwarningnetwork.com/2008/06/19/produce-the-note-how-to/And you can also watch this short video to learn more about this. 

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