Before we begin, I must further define the term winning when it concerns being the defendant in aforeclosure action. My definition of winning is you getting to keep your home, or at least sell it underyour terms. My definition of winning does not include you keeping your credit score high or yourtaxes low, though both are possible outcomes. Winning also does not mean that you will win thelawsuit against the bank or even get the case dismissed, though we will go over ways in which wewill attempt to do both.As we will discuss later in the program, there are really only two ways to defeat the bank’s lawsuit:an Affidavit of Payments Made or an Affidavit of Identity Theft. At this point, I don’t expect you tounderstand what each of these documents are, but we will cover them more in depth later. Even if you end up qualifying to file either of the Affidavits just mentioned, you still will not prevail in courtwithout a costly trial process that comes with no guarantee of victory at the outcome. Our plan is adifferent one. Our goal is to delay the bank any which way we can so we can buy enough time toreinstate or modify the loan, or so we can sell the home to someone else that can.It amazes me even more that, of that one percent that attempt to fight and force delay, another ninety-nine percent of them go about it incorrectly. Even more amazing is that they fail once and then theynever try again. They just give up. In the Army, the troops in basic training complete a drill in whichthey open a parachute, throw the parachute into the wind, untangle the cords, pull the chute back in,and then release it into the wind again. This drill is used to instruct the soldiers on what to do in caseyour parachute gets tangled after you have jumped from a plane.I heard a story recently about one soldier who had been performing this drill for quite some time, atthe instruction of his drill sergeant. The soldier asked his drill sergeant how long he should performthis drill if his parachute got tangled and refused to open in an actual jump. The drill sergeantresponded, “Son, you have the rest of your life to perform this drill if your chute tangles in an actual jump.” This is your home. If it isn’t your primary residence, maybe it is a vacation property orinvestment that you purchased with your hard-earned money. This is money that you could havespent on your family, your friends, or yourself. Why would you just allow the bank to take it fromyou without putting up a fight?Once the property is taken, it is gone for good. Like the paratrooper untangling his parachute overand over again, you have the rest of your life to practice the techniques I am about to teach you. Youhave taken the first step by choosing to purchase this program and take the time to follow myteachings. You can beat the foreclosure process and I am about to tell you how.
1. You’ve Just Missed Your First Payment.
If you are reading this program at this early stage in the foreclosure process, that is good newsbecause by taking action so early, there are many avenues that are open to you that would not beavailable if you had waited longer. Most people will tell you to call your lender immediately, and thatmay be the correct course of action, if you have the money to reinstate your loan. That means thatyou have enough money saved up to pay the bank the amount of the payment you missed, plusinterest, costs, and attorney fees, if the bank has hired an attorney.Upon calling the bank, they may tell you to write what is referred to as a Hardship Letter. This letter