She Lost Her Home Because Of Procrastination

Yes, I would like to say it was more that money and hardship, but it was procrastination. This potential client had fell on hard times and fell behind on her mortgage. The last time she paid her mortgage was over a year and a half ago a she needed to sell her home. I advised this client that instead of going into foreclosure and having the bank come after her for the additional amount owed (since her home was underwater), she could short sale her home.

This would give her the opportunity to see if she can sell her home without having to pay the full balance off (even if it is bought for less than her balance). I wanted to also see if she could get money to move from her home (by way of relocation assistance).

After the process was explained to her she was relieved that there was another option for her (that she could understand) and I sent over a checklist of what was needed to get started. I advised that foreclosure was near and that we needed to get started.

Three months went by and she never returned the information. I sent her reminders and she kept saying she was so busy and she would get to it. I advised that once a foreclosure is scheduled it gets harder to try to combat that with the timeline.

 Well, after about 7 months, she got a foreclosure letter that gave her 30 days to move. Not only that, but, she didn't open the letter (because of fear) until June 4th and the letter was dated May 9th; which means she had to be out of the home by June 9th.

When she called me and said she got all the docs together (in a matter of  24 hours),wanted to proceed, and the foreclosure notice she got, I had to inform her that it was too late. It hurt her and myself because I never want people to be in that position because I know life happens and sometimes things are out of our control.

However, procrastination is not life happening, it is YOU. We have to stop letting fear and procrastination keep us doing what we need to do to move forward or solving a situation which will add more stress.

She will bounce back from this because she has too. This too shall pass


Til next time,
JC