How to avoid/stop or delay Foreclosures?

[Navtaj Chandhoke]

The best way to avoid, STOP or delay foreclosure is to ask

"Produce the original note is very powerful tool to delay the process. You must file the same at county court. This can buy you time depending upon your original lender."

13 more tips coming one by one.

This can help you great deal.

Cheers!

[Sam M.]

I have an acquaintance that tried this method and he is again facing foreclosure.
Sometimes I wonder if methods like this aren’t just another form of entitlement wherein we all lose in the end. (just thinking out loud)

The banks get no payment from too many people not paying their mortgages and have to invent and enforce all kinds of fees to stay afloat. In the end we have bitten off our nose to spite our face.

After all we did sign the IOU right?

[Jon Holdman]

Do you have any statistics about the effects of this well-known strategy? Do you have any evidence this in fact EVERY STOPS a foreclosure? As in, the lender says "oops, sorry, you're right, we don't have the note, never mind, you're paid in full." Delay, perhaps, while the lender sorts out their paperwork. Even then, do you have any real evidence this actually delays anything by any significant time?

Real evidence would mean a controlled study of a statistically significant number of mortgages. That is, start with a large number of randomly selected mortgages. Randomly divide them into two groups. Try this approach with half (experimental group). Don't with the other half, the control group. Once they have come to some outcome, either going to foreclosure, sold to someone else, or the foreclosure is withdrawn, analyze the results. Compare the resolutions of the two groups. Does the experimental group have a statistically different set of outcomes? Is there a statistically different length of the procedure between the two groups? "Statistically significant" is a well defined term in statistics, and means that the results and the error bars are sufficiently different that they can be explained by random variations.

Any real evidence this actually works?