Homeowners spared from foreclosure
- resolutionwadrc
- Apr 15, 2021
- 1 min read
Homeowners were in over their heads with a mortgage that they could not afford. The couple had been struggling financially and were unable to make a mortgage payment for six months. The husband had been out of work for one year after losing his job. During this time of financial hardship, the husband became disabled and the wife had entered retirement. As their financial situation changed, they were able to qualify for new options on their mortgage. However, each time they reached out to their bank, they spoke to a different person and each bank employee gave the couple conflicting information. After six months of missing mortgage payments, their house went into foreclosure and the couple requested mediation to help them navigate the stressful time. Mediation stopped the clock on their foreclosure. They were able to gather all the documents to prove their income and to establish a new starting point for a refinance. The lender collected the documents and requested several more to prove social security and all of their debts. By the time the mediation was held at the table, the lender was prepared to offer a new loan, at $300 less per month in payments. The difference was just what this family needed to keep their home.
Great to see how homeowners are being supported and spared from foreclosure—this is such important work! As someone who works with a CV writer in Qatar, I understand the significance of stability and how it can empower individuals to focus on their future. Thanks for sharing this uplifting story
This story is a powerful reminder of how the right guidance and support can change someone’s future. Just as mediation helped this family save their home, career support can help individuals regain stability. At CV Master UK, we work with people facing career transitions, job loss, or financial uncertainty by creating strong CVs and career documents that open new opportunities. Sometimes, the right professional support is all it takes to turn a difficult situation into a fresh start.
This story really shows how the right help at the right time can make a big difference. I had a similar experience, not with a home, but with my small business. I run a custom cap shop in UAE, and during tough times, I almost had to shut down. But after speaking to the right people and getting support, I was able to keep it running. Like the couple in the story, sometimes you just need someone to listen and guide you.