Frequently Asked Questions

1. I'm scared. How can PlanToForeclose.com help me?
2. My lender keeps sending me letters and I just don't know what to do.
   Can someone help me with that?
3. What should I say or do if my lender contacts me?
4. Can my lender come after me?
5. How do I know when I have to move out of my home?
6. Do I have to pay extra for the Foreclosure Forecaster and how do I learn more about it?
7. What makes PlanToForeclose.com worth the money?
8. Shouldn't I just try to work something out with my lender?
9. What is a short sale and is it something I should consider?
10. Should I hire an attorney?
11. Should I file for bankruptcy? Would that stop my foreclosure?
12. Some other companies include credit repair for a monthly fee and promise to remove a foreclosure from my credit report. Should I just do that instead?
13. How long will this foreclosure stay on my credit report? When can I buy a house again?
14. Can I use PlanToForeclose.com for a second home or an investment property?
15. How much does the PlanToForeclose.com program cost? How do I get started?

1. I'm scared. How can PlanToForeclose.com help me?
Most homeowners facing foreclosure feel worried and stressed because the whole process can seem so daunting, so we certainly understand where you're coming from. We also know a lot of homeowners like you have emerged from foreclosure with hope and – believe it or not – better finances and opportunities for the future.
That's what our unique program can do for you. In fact, it's the most comprehensive program around for homeowners who have recognized that foreclosure is their best option. We help you stay in your home during your foreclosure – payment free! – for the absolute maximum amount of time the law allows. With our one-of-a-kind program, you get the best personal legal advice, financial perspective and custom tools to help you know exactly what to do and how long you can remain in your home.You can save the money you've been spending on your mortgage so you have a nice nest egg put away for the next phase of your life.

2. My lender keeps sending me letters, and I just don't know what to do.
Can someone help me with that?
Absolutely. At PlanToForeclose.com, we put an end to those harassing letters and phone calls. When you become a PlanToForeclose.com customer, your mortgage company will no longer be able to contact you directly to collect the debt. Instead, they must send all correspondence to your attorney.
We personally guide you through the entire foreclosure process so you always know exactly what to expect, and what to do. We make sure your lender follows all of the laws in your state, so that your rights are always protected – without the high hourly attorney fees! And when you do need a lawyer, you receive personal consultation with an experienced attorney practicing in your area.

3. What should I say or do if my lender contacts me?
When you're a PlanToForeclose.com client and a lender improperly contacts you, simply inform the lender to contact your attorney provided for you through PlanToForeclose. By following our guidance, you won't be harassed by lenders anymore – a welcome relief for you and your family.

4. Can my lender come after me?
Laws vary from state to state. Even in states where lenders can sue borrowers for losses, it's still unusual for lenders actually to go after a borrower. However, it is important to fully understand the laws in your state so you know your rights. As a PlanToForeclose.com client, you'll have an attorney working on your behalf to make sure your rights are always protected, and moreover, that your mortgage provider abides by your state laws.

5. How do I know when I have to move out of my home?
With PlanToForeclose.com, you always know the very last date you can legally stay in your home, payment free. We have developed a one-of-a-kind calculator for this purpose called the Foreclosure Forecaster and it's available exclusively for PlanToForeclose.com clients. This web-based tool lets you manage all of the information related to your foreclosure in one convenient location. It calculates your move-out date based on the events you enter about your foreclosure - like your first missed payment, etc. Using Foreclosure Forecaster, you will always know the absolute maximum amount of time you can legally stay in your home during foreclosure – mortgage free!

6. Do I have to pay extra for the Foreclosure Forecaster and how do I learn more about it?
No, you do not have to pay extra. Our clients have 24-hour access to their custom Forecaster as an included benefit of our exclusive program. Here's more information about our interactive Foreclosure Forecaster.

7. What makes PlanToForeclose.com worth the money?
Ours is the most comprehensive program you will find. In addition to the personal legal guidance we provide and our proprietary Foreclosure Forecaster, our clients also receive 24-hour access to their own custom Planning Control Center, where they find personal tips for avoiding bankruptcy, specific guidelines and steps for repairing their credit, information on possible tax implications, and much more. It's an all-inclusive program specifically designed to help you navigate through foreclosure with less stress and prepare for a better financial future.

8. Shouldn't I just try to work something out with my lender?
Yes. In fact, when you come to us, we assume you have already explored your other options with your lender. Most of our clients have already spoken with their lender many times. The truth is, though, most of these attempts fail. According to CNNMoney.com, up to 72% of homeowners who try to work things out with their lender eventually foreclose on their home anyway within 4-8 months!
The chief executive of Neighborhood Assistance Corporation of America has said, "For borrowers having problems already, these repayment plans usually just delay the inevitable. The payment plans don't work. The mortgages themselves are now pushing people into foreclosure - not just unfortunate circumstances. That has never happened before."
Our philosophy is that if you can't afford the payments and fix things with your lender, at least you should be able to have an organized, low-stress departure from your home, on your terms, buying yourself some valuable time and saving yourself some money in the process.
At PlanToForeclose.com, we generally can't stop your foreclosure (see short sale below.) What we can do is to help you take charge of it and guide through the entire process so you come out on the other side mentally and financially prepared to begin the next phase of your life.

9. What is a short sale and is it something I should consider?
A short sale is when the lender agrees to let you sell the home for less than the full amount that is owed on the mortgage, and that they will accept this lesser amount as a full payoff of the mortgage loan.
The difficulty in arranging a short sale is getting the lender to accept less than the full amount that is due. Any mistakes that are made in the complicated procedure can ruin the possibility of getting the lender to agree to a short sale. Therefore, when attempting a short sale, it is critical to deal with an extremely experienced team of professionals, who are well versed in the entire short sale process.
At PlanToForeclose.com, our program includes the option of letting us list your home for sale on your local MLS (Multiple Listing Service) as a short sale. All fees, commissions, and so forth are paid out of the negotiated settlement with your lender so nothing comes out of your pocket in a short sale.

10. Should I hire an attorney?
If you believe you have grounds for a lawsuit against your lender because they did something wrong, or if you think you've made all of your payments, but your lender mishandled them, then yes, you should hire an attorney. But that is not usually the case for most homeowners facing foreclosure.
Our program includes a personal consultation with an attorney who practices in your area so you can be confident you receive the most accurate legal advice – without paying the high fees of a private attorney!
Using PlanToForeclose.com not only saves you thousands of dollars in attorney fees, but more importantly, it lets you start saving up to tens of thousands of dollars by living payment-free in your home during the entire foreclosure process for the maximum time allowed by law!

11. Should I file for bankruptcy? Would that stop my foreclosure?
No, filing for bankruptcy will not stop your foreclosure – it will only delay it. Bankruptcy is extremely costly, and seventy percent (70%) of families that use it to save their homes from foreclosure end up losing their properties anyway. This is because the monthly payments of their bankruptcy plans are so high.
On the other hand, if you have high credit card balances, loans and other "unsecured" debts that you are behind on, bankruptcy might be one alternative for you. You can discuss this possibility with your attorney during your personal consultation when you become a PlanToForeclose.com client. Credit counseling is another alternative that is less harmful to your overall credit rating. Bankruptcy stays on your credit report for seven years.

12. Some other companies include credit repair for a monthly fee and promise to remove a foreclosure from my credit report. Should I just do that instead?
No. It's not true. Companies that promise to remove foreclosures from credit records are preying on vulnerable customers. "There's no miracle work," according to credit repair expert Edward Jamison in SmartMoney. "A lot of companies out there will lie [and say that it can be done], but that's not the way it goes." Your money is much better spent paying off your bills, than paying for monthly credit repair.
If a credit service disputes your foreclosure for you, they can have it removed from your record – but only for 30 days while it is in dispute. Assuming your foreclosure is genuine, it will return to your credit report. No company can repair your credit for a fee.
The Office of Financial and Insurance Regulation Commissioner warns, "Consumers should avoid companies pitching quick and easy credit repair." He adds, "Removing blemishes from a credit report requires the passage of time, careful budgeting and establishing a successful track record of on-time payments." PlanToForeclose.com provides the tools and services you need to effectively manage your foreclosure so you can get your credit – and your life – back on track.
To avoid becoming a victim of credit scams, follow these Federal Trade Commission tips.

13. How long will this foreclosure stay on my credit report? When can I buy a house again?
In the worst-case scenario, your foreclosure may stay on your credit report for up to seven years. Each year after that, though, it becomes less and less significant to your credit rating. Most lenders prefer three or four years to have passed since your foreclosure was discharged before helping you buy a house again. Some questionable foreclosure services claim you can go through foreclosure with little or no ill effects on your credit. Unfortunately, that is not true. Foreclosure is a temporary black mark on your credit report.
The good news is, lenders' lending criteria are constantly changing. At different times, money may be easier to get than others. Right now, many experts predict that millions of people with respectable work histories and good past payment histories will soon have tarnished credit due to the current "foreclosure crisis." Experts don't expect these homeowners to suffer quite like families in foreclosure have in the past. They point out that eventually these families will want to buy another home, and there's a good chance lenders will once again want to earn money by giving them a new mortgage – and a second chance!

14. Can I use PlanToForeclose.com for a second home or an investment property?
Yes, we can help you with both types of properties. In fact, when you use our program for more than one property, you'll receive a 50% discount on the second property and all properties after that as our way of saying thank you for choosing us to help you with your foreclosure!

15. How much does the PlanToForeclose.com program cost? How do I get started?
You can contact us now for pricing information, and receive a free consultation about how our program can help you stay in your home longer during foreclose – mortgage free!

Call us at (313) 343-8800 or We Can Contact You.

LET US HELP YOU FIND YOUR BEST OPTION AND GET THE LEGAL GUIDANCE YOU NEED.