Comments on: Online Chat Room Helps Save Foreclosure Homeowner

By: Joshua Dorkin

Joshua Dorkin — Sun, 24 Oct 2010 19:55:23 +0000

Pam - You can share your story in our GET FORECLOSURE HELP forum, and I'm sure you'll get some helpful advice.

By: Pam

Pam — Sun, 24 Oct 2010 19:40:49 +0000

So this is not a chatroom? It is a blog.. I was hoping to be able to chat live with some helpful and knowledgeable people in ‘real time” If there is one that you know about please post the information. My hardship story is not a one liner , Im afraid.

By: K. D.

K. D. — Sat, 09 Oct 2010 04:49:03 +0000

We need more education about how people can avoid foreclosure. Another option is to do a lease option on your home. If you know you can’t afford to stay in your home, start marketing it for a lease-option. There are buyers out there looking to buy homes. Banks aren’t really lending so these people are having a hard time finding homes they can purchase. There are buyers out there with bad credit, perhaps because they lost their job and then couldn’t pay their bills since they couldn’t find employment. That is a sign of the times right now. Banks won’t finance them. What do you have to lose if you can get more than your payment to the bank and cash upfront so you can rent a place to live? This solution won’t work for everyone but should be considered when looking at options.

In my opinion, we are a nation caught in a catch 22 right now. Banks don’t want to lend money so houses can’t sell and people can’t downsize. This perpetuates bad credit from people who are normally very good at paying their bills. If it takes 7 years for a bankruptcy to clear off a credit report, those buyers are out of the market for a long time and the housing market will suffer. The homebuyers suffer too if they want to buy a house and can’t. I don’t know how long it takes for a foreclosure to come off a credit report. By the time foreclosures that turn into bankruptcies slow down, it could be another 7 years before banks are willing to lend to these buyers. This perpetuates our ailing economy. If banks don’t want to participate in turning our economy around, we need to create our own liquid market. In my opinion, lease-options are a way to do that.

By: wendy

wendy — Mon, 14 Jun 2010 23:07:22 +0000

I am in foreclosureI am trying to keep my house I just gotten a sale date on my home I am going out of my mind I working with my bank also a thrid party compay. Will I get a posting for sale on lawn or door?

By: John

John — Mon, 30 Nov 2009 05:26:57 +0000

Excellent, congrats.

By: John Hoff

John Hoff — Wed, 03 Sep 2008 08:14:26 +0000

That’s an interesting example of the power of the internet. I just wanted to check to see if the comments sections of these articles are open in case I had a lot more to say later.

By: Matt F

Matt F — Sun, 24 Aug 2008 04:44:44 +0000

I used to be active in chat rooms also. There are great people who visit online chat rooms. People who use chat are the same as people in the offline world.

Its a fascinating story and a good job for real estate.

By: Nadine

Nadine — Mon, 14 Jul 2008 05:52:43 +0000

That’s great experience to share. If any more people willing to do like you did…

By: Joshua Dorkin

Joshua Dorkin — Sun, 13 Jul 2008 16:27:22 +0000

Amazing story, Jim! As I’ve said to you before, I really appreciate what you’re doing for people like Monte, and think you’re a role model for the real estate business.