This package provides many different tools for a homeowner to prevent foreclosure of a home. The forms cover various means to obtain assistance at all stages of the foreclosure process. Purchase of this package is a savings of 63% over purchase of the forms individually! Included in this package are the following forms:
1. Letter to Lender for Produce the Note Request
2. Offer by Borrower of Deed in Lieu of Foreclosure
3. Motion to Dismiss Foreclosure Action and Notice of Motion
4. Petition or Complaint to Enjoin Nonjudicial Foreclosure Sale and for Declaratory Relief
5. Petition to Enjoin Foreclosure Sale and Seeking Ascertainment of Amount Owed on Note and Deed of Trust
6. Qualified Written RESPA Request to Dispute or Validate Debt
7. Request to Lender or Loan Servicer for Loan Modification Due to Financial Hardship - Requesting Change to Fixed Rate of Interest of Adjustable Rate
8. Hardship Letter to Mortgagor or Lender to Prevent Foreclosure
9. Sample Letter for Short Sale Request to Lender
10. MHA Request for Short Sale
Title: Understanding the Wisconsin Home Foreclosure Prevention Package — Crucial Steps to Protect Your Home Introduction: The Wisconsin Home Foreclosure Prevention Package serves as a comprehensive set of measures aimed at assisting homeowners facing financial hardships to prevent foreclosure. This article offers a detailed description of this package, highlighting its key components, benefits, and various types available to Wisconsin residents. Keywords: Wisconsin, Home Foreclosure Prevention Package, financial hardships, prevent foreclosure, homeowners, measures, benefits, types 1. Overview of the Wisconsin Home Foreclosure Prevention Package: The Wisconsin Home Foreclosure Prevention Package is a government initiative designed to provide crucial support to homeowners struggling with mortgage payments, preventing them from losing their homes. This package entails a suite of programs and resources intended to empower individuals to navigate through financial crises efficiently. 2. Key Components of the Home Foreclosure Prevention Package: a. Refinancing Assistance: This component assists homeowners in securing new loans with more favorable terms, enabling them to recover from financial difficulties and prevent foreclosure. b. Loan Modification Programs: These programs aim to restructure existing mortgages, making them more affordable for homeowners by adjusting interest rates, extending repayment periods, or altering payment schedules. c. Mortgage Assistance Grants: Wisconsin offers grants to eligible homeowners facing foreclosure to help cover mortgage payments and associated costs temporarily. d. Counseling Services: The package includes professional counseling services, providing guidance and support to homeowners throughout the foreclosure prevention process. e. Legal Aid Services: The Home Foreclosure Prevention Package may offer legal aid services to homeowners, ensuring they have access to legal representation when dealing with foreclosure-related issues. 3. Benefits of the Wisconsin Home Foreclosure Prevention Package: a. Enables Homeowners to Stay in their Homes: By offering financial assistance and guidance, the package helps distressed homeowners steer clear of foreclosure, allowing them to retain ownership and stabilize their housing situation. b. Offers Financial Relief: Through refinancing, loan modifications, and grants, the package alleviates financial burdens, making mortgage payments more manageable and reducing the risk of foreclosure. c. Prevents Negative Credit Impact: Avoiding foreclosure helps homeowners maintain a healthy credit score and prevents severe long-term damage to their financial profile. d. Provides Counseling and Support: The counseling services aid homeowners in navigating the complex foreclosure prevention process, offering valuable advice and personalized solutions. e. Ensures Access to Legal Representation: Legal aid services guarantee homeowners have professional support to handle foreclosure-related legal matters effectively, protecting their rights. 4. Different Types of Wisconsin Home Foreclosure Prevention Packages: a. Emergency Prevention Package: Provides immediate assistance to homeowners facing imminent foreclosure, offering temporary relief and financial support. b. Long-Term Prevention Package: Targets homeowners who require sustained help, providing long-term solutions through refinancing, loan modifications, and ongoing counseling services. c. Grant-based Prevention Package: Focuses on providing financial grants to eligible homeowners, assisting with mortgage payments, and offering temporary relief during financial crises. d. Targeted Prevention Package: Designed for specific groups, such as low-income households or veterans, tailoring assistance programs to their unique needs. Conclusion: The Wisconsin Home Foreclosure Prevention Package encompasses various measures designed to support homeowners facing financial hardships and prevent foreclosure. By providing a range of programs, benefits, and resources, this package serves as a lifeline to those in need, enabling them to navigate through difficult times, retain their homes, and stabilize their financial situations.
