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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Foeclosure/Bankruptcy situation Posted by toni Jo Marchand on August 15, 2005 at 6:01 PM In Reply to: Re: Foeclosure/Bankruptcy situation posted by Larry Agner on November 08, 2003 at 11:56 AM : : : While door knocking and phoning people in default, I have run up against a very high percentage of people that will or have already claimed bankruptcy. : : : 1. Practically speaking, what happens to these people that file? Do they get to keep their house? For how long? How much does it cost them? : : : 2. How should I deal with these people...both before they file, and after? : : : 3. Does anyone have an example of an emotionally charged leave-behind designed to convince owners that selling is more in their interest than filing a bk? : : : Thanks for your help, : : : Rick : : =========================== : : Rick, : : Filing a bankruptcy is a temporary stop-gap measure. It puts the brakes on a speeding foreclosure. : : 1. The bankruptcy, while in place, prevents the lender from proceeding with their foreclosure. Filing costs for a Chapter 13 are $185.00. : : 2. Stay on cordial terms because sooner or later they will be discharged from bankruptcy. So check back with them on a regular basis. : : 3. Often times they need to file an emergency petition in Chapter 13 to get the time necessary to stitch together a sale to you rather than do nothing and lose their property.. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : : While door knocking and phoning people in default, I have run up against a very high percentage of people that will or have already claimed bankruptcy. : : : : 1. Practically speaking, what happens to these people that file? Do they get to keep their house? For how long? How much does it cost them? : : : : 2. How should I deal with these people...both before they file, and after? : : : : 3. Does anyone have an example of an emotionally charged leave-behind designed to convince owners that selling is more in their interest than filing a bk? : : : : Thanks for your help, : : : : Rick : : : =========================== : : : Rick, : : : Filing a bankruptcy is a temporary stop-gap measure. It puts the brakes on a speeding foreclosure. : : : 1. The bankruptcy, while in place, prevents the lender from proceeding with their foreclosure. Filing costs for a Chapter 13 are $185.00. : : : 2. Stay on cordial terms because sooner or later they will be discharged from bankruptcy. So check back with them on a regular basis. : : : 3. Often times they need to file an emergency petition in Chapter 13 to get the time necessary to stitch together a sale to you rather than do nothing and lose their property.. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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