“YOU GET A FREE HOUSE!” I am not quoting Oprah. I am telling you instances I have witnessed with my own two eyes and ears. If you’re facing a legal issue with your mortgage provider, your goal should NOT be to get a free house. We should all be diligent in paying for what we choose to purchase. But what if the free home is the result of righting a legal wrong? The result of your circumstances, when aligned up in a specific way, could result in mortgage freedom.
I am a big skeptic. Huge. Before working at a law firm, the idea of someone getting a free home was complete nonsense to me. So imagine my shock to learn that banks often extend an olive branch to settle legal disputes; leaving the homeowner to simply pick up the deed and pay the associated fees. I could not believe my mind! For most cases, I was more shocked and excited than the homeowner. For real!!! (Better said from the mouth of my six year old.)
Let me be clear. Getting a free home is rare, and it certainly doesn’t happen with every case. In most cases, righting a legal wrong could mean clearing the red mark off your credit report, paying your attorney fees, keeping your house, and maybe additional money for your savings. But YES, the mortgage is still there—and YES, you should resume your payments (please!).
By the time a homeowner makes the decision to hire an attorney, they generally expect to be mortgage free by the end of the case. It means that you’re going for the kill. You’ll teach them a lesson. Right? Well, a Judge may decide that the lesson will be a slap on the hand and a good old-fashioned “shame on you” to the bank. But that doesn’t necessarily mean you’ll get a free home. Look at it this way: fighting and winning the battle to keep your home. That’s a win!
I am a big skeptic. Huge. Before working at a law firm, the idea of someone getting a free home was complete nonsense to me. So imagine my shock to learn that banks often extend an olive branch to settle legal disputes; leaving the homeowner to simply pick up the deed and pay the associated fees. I could not believe my mind! For most cases, I was more shocked and excited than the homeowner. For real!!! (Better said from the mouth of my six year old.)
Let me be clear. Getting a free home is rare, and it certainly doesn’t happen with every case. In most cases, righting a legal wrong could mean clearing the red mark off your credit report, paying your attorney fees, keeping your house, and maybe additional money for your savings. But YES, the mortgage is still there—and YES, you should resume your payments (please!).
By the time a homeowner makes the decision to hire an attorney, they generally expect to be mortgage free by the end of the case. It means that you’re going for the kill. You’ll teach them a lesson. Right? Well, a Judge may decide that the lesson will be a slap on the hand and a good old-fashioned “shame on you” to the bank. But that doesn’t necessarily mean you’ll get a free home. Look at it this way: fighting and winning the battle to keep your home. That’s a win!
RSS Feed