With the current economic crisis there are many home owners who are losing their homes because of not being able to make the mortgage payments. Even though the government already tried a Mortgage Modification Plan; it was proven not to be of any help for the majority of homeowners facing foreclosure. Even the president has admitted to the failure and has assured to take some drastic steps to reform the current situation.

One of the main reasons for the Mortgage Modification Program not being successful to prevent foreclosure is because it has a long list on mandatory requirement to qualify for the plan. Only 1% of the people have been benefited by this plan and on the contrary it has proven to be more beneficial for the homeowners that do not require any help in the first place.

If there has been the right policy implemented from the start and the homeowner's knew methods to fight against the foreclosure then we would not have seen so many homeowners becoming homeless in such short span of time. But there are many policies that homeowner's can make use of and stop foreclosure despite of they not being able to make mortgage payments.

I will take you through the overview of some of the strategies that can be utilized to help you restrain your home for many more years to come without having to make the monthly mortgage payments. Just make sure to utilize such STRATEGIES to your benefit and you will surely be able to stay in your home for years to come.

Hardship Letter

Just draft an appropriate hardship letter to the lender explaining him your current situation and your incapacity of making monthly mortgage payments for the home. If you know how to do it the right way, you can use the letter to prolong or delay the first step of foreclosure for more than six months.

Foreclosure Court Hearing

Every citizen has the right to request a Hearing at their local Circuit Court and you can also utilize the opportunity to explain your reason for not being able to make the monthly mortgage payment. If you know how to approach this you can prolong property foreclosure for even more than one year.

Housing Closing Contract

Many people are not aware of the fact that you can use the errors in the housing closing contract for your own benefit. If you look closely through the contract details you will definitely be able to locate couple of mistakes that can be used in your favor. You can use these errors as a weapon to fight and delay foreclosure for years.

All these strategies mentioned above can be very helpful and help you in retaining your home if you utilize them in the right manner. There are lawyers using it on daily basis to fight the cases for their clients and in return charge clients hundreds of dollar as fee.

Now you are aware of these strategies that you can use to stay in your home for a very long time, but this is just the tip of the iceberg; there are many more strategies and legal tricks that you can use to delay the foreclosure process for many years, even without making a single monthly mortgage payment.

Foreclosure is a process and there are ways for you to DELAY that process and stay in your home MORTGAGE-FREE for a few years regardless your financial situation, even if you have not income at all.  Alfred Sant