the dawn difference


In Foreclosure?'Stay Put' Says Congresswoman

Check this out:

Stay in Your Home!

Based on her knowledge of property law, and the realization that almost all homeowners do not have legal representation, Congresswoman Kaptur suggests those in foreclosure stay in their homes.

If you are facing foreclosure, don't just accept what the paperwork says. You can fight foreclosure, even if you have lost your job. Please contact your local bar association found in the yellow pages and get legal aid.

Congresswoman Kaptur says the banks are like vultures...they have received bailout money, but she points out homeowners are not getting help.

If you are in foreclosure, do not give up and do not move yet - get legal help now!

Dawn Maloney, REALTOR®,  Luxury Home Marketing  RE/MAX Haven Realty

Direct:  (330) 990-4236         Email:

Helping home buyers and sellers in Summit, Portage, Stark, Medina, Wayne, Lake, Geauga and Cuyahoga Counties since 2003.

All content ©2006-2014 by Dawn Maloney, REALTOR® unless otherwise noted.



Comment balloon 5 commentsDawn Maloney • February 08 2009 08:37AM


I re-blogged you.  Our disgraced former Attorney General had a plan to get people with legal training involved to help the homeowners losing their homes.  The homeowners can't afford lawyers if they can't afford their mortgage payment but the banks have been able to afford lawyers to foreclose all along.  Even when they were asking for a bail out the banks  had legal departments foreclosing rather than departments trying to modify loans. 

I read about a sheriff in Michigan who was not foreclosing anymore.  I can not remember his reasoning.

Some of these mortgages ought to be modified.

Posted by Maureen McCabe about 11 years ago

Dawn~ I would agree that the system is brokem; however, what is to keep those who can pay their mortgage from stopping just so that they can live in their homes for free also? While I believe that there are homeowners who deserve a loan modification or some other arrangement to help them, I have a hard time understanding that how having no recourse for prople who don't pay (and who can) will help. My head spins every time I think about this mess.

Posted by LaShawn Norden, REALTOR, (321) 377-0157, Your Real Estate Advocate in Central FL (Keller Williams Heritage Realty) about 11 years ago

Maureen, Thanks for the reblog! I have found that there is a horrendous ordeal awaiting anyone facing foreclosure. I have learned a lot through helping others - hours of waiting on phones, ambiguous guidelines that change at whim, impossible to find negotiators, ridiculous hoops to jump through. I can't believe the banks would prefer foreclosure...but the results suggest otherwise.

LaShawn, Generally, I think those who can pay their mortgage do - it's too scary not to pay your mortgage. The banks aren't turning down people who can pay their mortgage...they are not working with the true hardship cases whose loans doubled or who got so far behind that they can never catch up without a huge downpayment. The people who can't refinance due to the value dropping or their credit damaged from job loss or ill health. I appreciate your point of view, but all the people I have been working with are getting no help from their lenders. What burns me the most is all the money spent on useless programs like HOPE for Homeowners and the TARP money to the banks, with no substantial aid to people who are really trying to work out problems - they want to do whatever it takes to keep their homes.

That's why I am promoting this video. Those who cannot afford legal help can get aid if they ask, and those who haven't even thought of seeking legal aid MUST do so asap - they have much more chances of keeping their homes if they do. In my opinion, the deadbeats will walk away and get what they deserve - my concern is people who are going through a hard time because they got a terrible loan or life kicked them - I hope they will keep trying to the end. This is an embarrassing, painful, and confusing process.

The banks will lose the money if a house is foreclosed, so why don't they renegotiate the principal and interest, keep the owner in place and work it out that way? They will make much more money and not be seen as such vultures.

Posted by Dawn Maloney, 330-990-4236 Hudson & Northeastern Ohio (RE/MAX Trinity Northeast Ohio Real Estate Specialist) about 11 years ago

Hi Dawn - Great post.  These are troubled times and those who are facing foreclosure are in the most trouble.  They need legal assistance in order to stay in their home and should pursue assistance at the first sign of difficulty.  I agree that banks holding the note and especially those who are getting bailout money should work with people to modify loans and help them stay out of foreclosure.  It's time for our state legislature to step up and protect home owners; after all, isn't the state seeking bailout money also.

Posted by Jon Wnoroski, Summit County Realtor (America's 1st Choice RH Realty Co., Inc.) about 11 years ago

great post Dawn.  It is time for government to really start to stand up for homeowners!  Thanks for sharing this with us!

Posted by Janie Coffey, Uniting Extraordinary Homes w/ Extraordinary Lives (First Coast Sotheby’s International Realty) about 11 years ago