Mortgage Discussion - Re: Approaching a Pre-Foreclosure Owner

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Re: Approaching a Pre-Foreclosure Owner - Tips??

Rick Hess

2005-07-16, 11:25 pm

"Steve Horrillo" <usenet@stephenhorrillo.com> wrote

quote:

>
> On 16-Jul-2005, "Manga27" <csands@gmail.com> wrote:
>
>
> Dn't fool yourself into thinking you're some sort of savior. I understand
> using that as a sales pitch but at least be honest with yourself. You're,
> "just another brick in the wall."
>
> It takes the same amount of time to repair 20 derogatories as it does 2.

The

quote:

> sooner you stop paying the sooner you can have it wiped clean.

A friend who owns a mortgage brokerage told me that a foreclosure is one of
the worst things that can show up on a credit report -- worse than late
payments, worse than bankruptcy. He said Creditors reason that if the
Debtor's insolvency is so bad that it results in the loss of the roof over
your head, it just doesn't get any worse than that. Is that not true?
--

Rick Hess
New Orleans
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