Fannie/Chase foreclosed recently. What should I expect from now on? When does Fannie mae realtor show up? Whats max cash for keys you have seen?

Asked by Jack Bishop, 49690 Wed Oct 6, 2010

Also can I still sue for faulty affidavit even after foreclosure in VA? Foreclosure has occurred recently but foreclosure affidavit and other docs from Bank is faulty. Robosigners etc. What are my options? Some attorneys have spoken to are asking for $1500 a month till case is finally settled. Know any reasonable foreclosure defense attorneys?

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Patty Blackw…, , Virginia
Wed Oct 6, 2010
BEST ANSWER
Here are three Foreclosure Defense Attorneys in Virginia who are fighting hard against the FRAUD for the past several years. Call them now today do not leave your home.

Virginia
Chris Brown

6269 Franconia Road
Alexandria
VA
22310
703-924-0223
brownfirm@lawyer.com

Bryl Greg
6560 Blacklick Rd. Suite 211-A
Springfield
VA
22150
703-861-1906
advice@bryllaw.com

Emmett Robinson

4609 Pinecrest Office Park Dr. Suite H
Alexandria
Also has a Woodbridge Office on Old Bridge Rd in LakeRidge
VA
22312
erobinson@erobinsonlaw.com
1 vote
Ritu Desai, Agent, Chantilly, VA
Wed Oct 6, 2010
Jack, as others have mentioned you have leverage over the situation after the foreclosure. Contact a local Real Estate attorney to guide you with the process. Inregards to cash for key, one of the recently family I was working with got around $1500. I have seen it anyhwere from $500-$2000. Did you find a rental property to move in?
Web Reference:  http://www.eNOVAhomes.com
1 vote
Ingrid Mendez, Agent, Alexandria, VA
Wed Oct 6, 2010
Jack,
Below is a foreclosure process and RE attorneys that are helpful in this area:

Alfred P. Boland, Attorney at Lawhttp://maps.google.com/?cid=7151208254510111691s=9923205984599728973 - http://www.bolandfirm.com
4000 Legato Road, Suite 1100, Fairfax, VA - (703) 896-7678
Directions, hours, and more »


Foreclosure Defense Lawyershttp://maps.google.com/?cid=17356014648046276732s=9923596244037358035 - paymentreduction.net
5200 Duke Street, Alexandria, VA - (206) 337-7658
Directions and more »


FORECLOSURE PROCESS

Pre-Foreclosure

Customer misses mortgage payment.
Late notice send by bank.
Customer misses additional payments.
Bank attempts in writing and by phone to contact customer and resolve situation.
No arrangements are agreed upon and customer continues to miss payments.
Bank issues demand for payment under the note in full, based on the acceleration clause. Most mortgage notes contain language which basically says if you fail to pay the bank under the terms of the note with monthly payments as promised they can accelerate the note, meaning that the full amount is due on demand. For example if your mortgage is $100,000 with payments of $1000.00 per month you are only required to pay $1000.00 per month unless you miss these payments and the bank subsequently demands the balance based on this acceleration. Once this happens you legally owe the full balance of $100,000.00 plus back interest, plus late charges, plus legal fees all at once. You will find from this stage on the bank will not accept monthly payments. They will instead demand much more to reinstate the loan. Although I consider this step in the pre foreclosure category, once demand has been made and the note has been accelerated you should already have contacted an attorney who is an expert in dealing with these matters.
No payments or arrangements acceptable to the bank are made.
Formal Legal Foreclosure Process

Bank sends by sheriff or by certified mail Notice of Intent to Foreclose.
Bank begins action in the court system to foreclose.
Legal notices (see soldiers and sailors notice below) as required by law begin to be published in local papers.
No payment or settlement arrangements are made with the lender.
Notice and waiting periods expire.
Court holds hearing regarding banks claim.
Court issues order allowing bank to foreclose. (Beware, one foreclosure firm will begin 2 and 6 at the same time shortening the process.)
Legal notice of actual foreclosure sale and advertisements published in local papers.
No payment arrangements or settlements reached with the bank.
House sold at auction to highest bidder.
1 vote
Gerard Dunn, Agent, Chevy Chase, MD
Wed Oct 6, 2010
Once foreclosure has taken place - you really have limited options. Unless you are certain that the paperwork is faulty - it will be difficult to reverse the foreclosure.

The court is not likely to reverse the foreclosure even with legal consul.

Cash for keys will be offered and $500 to $2000 in Manassas is right on target. Requesting more than that - or not cooperating with the agent authorized to offer cash for keys will likely result in forcible eviction.

Good luck!

Gerry Dunn
Associate Broker
703-216-9100

Serving Maryland, Virginia and Washington, D.C. for 28 years
1 vote
Scott Godzyk, Agent, Manchester, NH
Wed Oct 6, 2010
Your time to fight should have been before the foreclosure took place, after the foreclosure you lose alot of yoru leverage and therefore attornies will want more money from you as the case just got alot tougher. You could check with your state to see if they are offering any help, other than that you will need to meet with lawyers until you find one that suits your needs and your budget.

As far as your listing being assigned and cash for keys, chase transfers it to fannie mae, fannie mae will then assign to their local approved listing broker who will visit you with a cash for keys offer, the quicker you can get out, the nmor emoney they will pay you. you can name your price and time and work from there. most banks start at 500 and then go up to 2000, depending on teh size of teh house you can double it for larger homes.

good luck working things out
1 vote
Pastor Penn, , 19144
Wed Nov 9, 2011
Offer tender of full payment and when they refuse file quiet title. Trust me they do not have the note. If you me need to contact me you can contact me at pastorpenn27@yahoo.com.
0 votes
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