I need to write a letter for my lawyer, explaining how much money my fiancee’ brings in each month. It’s to stop foreclosure on our property. Since i currently cannot find a job in flint, he needs this for the court, and to file it tomorrow. I have a general idea on how to word it, but a little input would be helpful. Thank you.

I hope i was clear enough for you guys.

i think it’s something like…
Mr. ???
i am enclosing a copy of _______ check stubs for the month of _____ which will varify his gross and net pay for that month as you requested.
or something to that affect.

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I want to know the math so I can write a letter on this subject: So if the government has 100 Billion to stop foreclosures how much money is that per foreclosure? ( my friend needs 17k to make up for the upsidedowness of their house, that they can’t refinance to a fix rate from the ARM they got 5 years ago. The government needs to stop the foreclosures. They need to get this money to the people directly not through the banks or wall Street. Banks have money to lend but the houses will not meet the lending criteria.
If you stop the foreclosures it will all fall into place. The housing market will go back up and the underlying bad assets will gain back their value. You cant just give money to the middle man, you have to fix the root cause of the problem!! Get a clue.
How much money per forclosure?
So could the 17 k be given to the note holder to off set any loss, and avoid a foreclouser on the books?

Your friend needs 17k? And what happens when that is gone? Stop the foreclosures and then what. The banks should eat all the loses? The way to stop this is to make sure that the people buying a house can actually afford to buy it! People who can’t afford to pay for the house have no business owning one. Why do you think all these foreclosures happened in the first place? Secondly your friend should have read the contract before he signed it. The fact that it is an ARM is right in the contract.

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I’m getting into the business of stopping foreclosures,and i was told that this type of business is less than attractive to real estate agents.My question is two part,why is that and what can i do to get them to actively sell my properties…Equity is not an issue,each property has an average of about 20 to 30 thousand,with all closing costs paid,walk through and all…

First off, are you licensed to "Stop foreclosures?" If so, how.

Realtors are worried about getting sued every day, and if someone is preying on people whose homes are going into foreclosure, the Realtor will usually get sued at some point, and that’s what we’re all afraid of.

How can you guarantee that there’s that much equity in these properties? Are you buying them from these people who are getting foreclosed? If so, how come they didn’t list it first to try to sell it? If they did, and it didn’t sell, maybe there is no equity there.

These are questions that not only do Realtors ask, but so does the general public.

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I’m not from Australia, but I would assume paying the amount due will stop this, you could also try to refinance with another lender, or prove hardship with your financial situation to get a second chance.

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