My name is Josh Leake and I'm the blogger behind the Portland Foreclosure Blog. I am starting this forum for a few reasons. I work in the mortgage industry and a few months back I was awe struck by a phone call I received. It was a single mother of two. She called everyone in the phonebook. She purchased her home years prior with her now deceased husband. I didn't ask much about her husband -- it just didn't feel right. I asked her how I could help. She replied and inspired me to start this blog.
She was three days away from the sale of her property on the county courthouse steps. She had lived through the foreclosure process. She cleaned her home of ten years, washed all the windows, made sure all the lights had fresh light bulbs. And she was trying to figure out, whom she should give her home's keys to. No, she didn't dismantle any of the property or sell the copper pipes to metal buyers. She cleaned it to the best of her ability and now wanted to give her keys to the next owner.
Foreclosure is not always about fraud or lies. In many cases, it's about someone down on their luck. It's your neighbor who lost a job or a spouse. I later learned that she hired a loan modification specialist. Did you know the State of Oregon calls them Loan Mobsters? According to the State of Oregon loan modification specialists modified a total of "0" zero loans in Oregon this year or last. I hope they are wrong.
After her long story, I asked her a few thought provoking questions. Did you contact your existing lender. Her response was that it was HSBC and she was unable to reach anyone who spoke English. With three days to her sale, I wasn't sure if I could have helped her stop the process. Maybe I should have tried to do more, what I suggested was that she contact the lender to work out a modification. But in reality, she had already given up.
So, it brings me to why I'm starting PortlandForeclosure.com and the Portland Foreclosure Blog. Information is powerful. If i can inform one or two people with my knowledge and experience, maybe it will help them stop their forclosure process. But also, if a mother of two can walk-away with no anger or spite, maybe it's ok for the next owner to pick up where she left off. I have to imagine that there is good karma in the home she left. Here's to the family of three in their new adventure. May they be happy and properous.
Thanks for your comments and suggestions. Remember, it's just a house. Your health and happiness is so much more important. And to all my friends in the industry, please contact me, I'd love to get you involved!
She was three days away from the sale of her property on the county courthouse steps. She had lived through the foreclosure process. She cleaned her home of ten years, washed all the windows, made sure all the lights had fresh light bulbs. And she was trying to figure out, whom she should give her home's keys to. No, she didn't dismantle any of the property or sell the copper pipes to metal buyers. She cleaned it to the best of her ability and now wanted to give her keys to the next owner.
Foreclosure is not always about fraud or lies. In many cases, it's about someone down on their luck. It's your neighbor who lost a job or a spouse. I later learned that she hired a loan modification specialist. Did you know the State of Oregon calls them Loan Mobsters? According to the State of Oregon loan modification specialists modified a total of "0" zero loans in Oregon this year or last. I hope they are wrong.
After her long story, I asked her a few thought provoking questions. Did you contact your existing lender. Her response was that it was HSBC and she was unable to reach anyone who spoke English. With three days to her sale, I wasn't sure if I could have helped her stop the process. Maybe I should have tried to do more, what I suggested was that she contact the lender to work out a modification. But in reality, she had already given up.
So, it brings me to why I'm starting PortlandForeclosure.com and the Portland Foreclosure Blog. Information is powerful. If i can inform one or two people with my knowledge and experience, maybe it will help them stop their forclosure process. But also, if a mother of two can walk-away with no anger or spite, maybe it's ok for the next owner to pick up where she left off. I have to imagine that there is good karma in the home she left. Here's to the family of three in their new adventure. May they be happy and properous.
Thanks for your comments and suggestions. Remember, it's just a house. Your health and happiness is so much more important. And to all my friends in the industry, please contact me, I'd love to get you involved!
No comments:
Post a Comment