Foreclosure Crisis Solved: A Roadmap to Financial Recovery

Welcome to The Foreclosure Fix Podcast, where we're dedicated to helping one million homeowners successfully navigate foreclosure! In this episode, our dynamic host, D.J. Olojo, is joined by the brilliant attorney, Erin Quinn, to shed light on the complexities of foreclosure and provide invaluable insights for homeowners in crisis.

Erin, an attorney licensed in multiple states and founder of Quinn Legal, specializes in assisting borrowers in foreclosure. But remember, her advice today is not a substitute for legal counsel tailored to your unique situation. So, what can you expect from this episode?

Erin unravels the mysteries of loss mitigation, helping you understand the critical importance of making decisions early and negotiating with your lender. Delays in the foreclosure process can be detrimental, so acting promptly is key.

She dispels common misconceptions about banks being out to get homeowners and reveals the nuanced perspective of legal professionals working to find equitable solutions. Erin's passion for helping people through these challenges is evident, and she emphasizes the importance of empathy and understanding in this journey.

Erin also shares valuable advice on communication, making payments, and the potential for resolution, highlighting that every situation is unique. Plus, she graces us with a fascinating, albeit shocking, foreclosure story that will leave you astounded.

If you're facing foreclosure or know someone who is, this episode is a must-listen. Erin Quinn's wisdom and compassion will inspire and empower you to take proactive steps towards resolving your situation. Don't miss this opportunity to learn and grow on The Foreclosure Fix Podcast!

Key Takeaways:

Act Early: When facing foreclosure, don't delay. Make decisions promptly and reach out to your lender for negotiation.
Communication Matters: Open, honest communication with your lender can lead to more favorable outcomes.
Avoid Procrastination: Delays in the foreclosure process can reduce your negotiation leverage and limit available options.
Empathy and Understanding: Legal professionals aim to find solutions, not antagonize homeowners.
Every Case Is Unique: Your situation requires a personalized approach, so don't assume a one-size-fits-all solution.
Market Conditions Matter: The longer the foreclosure process drags on, the more variables can change, affecting your options.

Join us on The Foreclosure Fix Podcast and take the first step toward a brighter future! Like, subscribe, and share with anyone in need of foreclosure guidance. Your journey to resolution starts here.

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Transcript

00:00:09:11 - 00:00:27:18 Unknown hey, Foreclosure fix family. Welcome to the Foreclosure Fix podcast, where our goal is to help 1 million homeowners successfully navigate foreclosure. I'm your host, D.J. El Ojo. And if this mission resonates with you, please do us a favor, like subscribe and tell a friend that we are here to help.

00:00:27:20 - 00:00:50:03 Unknown I am fired up today because I have my homegirl, one of my favorite attorneys in the whole wide world. I love getting the chance to see her at conferences because she is full of knowledge and experience, but she also is just so down to earth and so I'm happy to have on the podcast today. Aaron Quinn. And welcome to the Foreclosure Fix family.

00:00:50:04 - 00:00:55:18 Unknown How you doing?

00:00:55:20 - 00:01:09:08 Unknown Well, now is definitely true. You are always a ball of energy and you always have the best stories. So I know our audience is in for a ride today on today's podcast. So Erin

00:01:09:08 - 00:01:18:26 Unknown is an attorney. And before we go any further, I know she's going to give you a disclaimer, but let me give you a disclaimer. Erin is an attorney, but she is not your attorney.

00:01:19:01 - 00:01:41:01 Unknown So if you have a legal question or you are, listen to what she's saying. It cannot be construed as legal advice. All right. She is here just giving information. And we always tell people, if you have a foreclosure situation and you want an expert opinion, please talk to attorney who can understand all the specifics of your situation. It's so important.

00:01:41:04 - 00:01:58:26 Unknown Context matters. With that being said, Eric Quinn is an attorney licensed in Florida, Georgia, and I think the District of Columbia. She graduated from the University of South Florida and then also attended Stetson University College of Law, where she received her juris doctorate.

00:01:58:26 - 00:02:09:17 Unknown So she is an experienced professional who does this type of work. And so Aaron, let our listeners know how you and your firm, Quinn Legal, interact with borrowers in foreclosure.

00:04:15:19 - 00:04:25:02 Unknown Awesome. Awesome.

00:04:25:02 - 00:04:29:17 Unknown That's phenomenal. Right? And so help our listeners understand what

00:04:29:17 - 00:04:40:17 Unknown loss mitigation means. Right? You said that were. I know some people don't even know what that is. So help our listeners saying what loss mitigation is.

00:05:08:05 - 00:05:10:02 Unknown Awesome. Awesome. So

00:05:10:02 - 00:05:18:27 Unknown sometimes there is a lot of confusion from homeowners when they are in foreclosure about who they should be talking to, what's going on.

00:05:18:28 - 00:05:33:20 Unknown And I think your firm and your experience alluded to the issues they have is that they want a resolution, they want something to happen. They want to save their house. But in their conversation with the servicer, the bank,

00:05:33:20 - 00:05:36:23 Unknown and in rare instances, the actual

00:05:36:23 - 00:05:51:20 Unknown owner of the know or deed of trust or mortgage, they are lost. Right. And so help us understand the role of a firm like yours versus the other parties in the mix,

00:05:51:20 - 00:06:00:17 Unknown The defense counsel, the servicer, the actual investor.

00:06:00:17 - 00:06:12:26 Unknown Right. Help us help us understand where you fit in right. Or where where your firm fits in. But then more importantly than that, when when a homeowner is trying to get through the process, what can

00:06:12:26 - 00:06:15:17 Unknown people in your shoes do for them?

00:06:15:17 - 00:08:24:26 Unknown Yep. Yep.

00:08:24:26 - 00:08:28:17 Unknown Absolutely. So I'm a homeowner in foreclosure.

00:08:28:17 - 00:08:33:05 Unknown I get a piece of paper from Quinn Legal on it and it says,

00:08:33:05 - 00:08:37:04 Unknown you owe $100,000 for this house.

00:08:37:04 - 00:08:43:26 Unknown You need to pay us $10,000 within 30 days to reinstate your loan. Right.

00:08:43:26 - 00:08:44:26 Unknown What do I do?

00:12:09:29 - 00:12:12:08 Unknown Very good explanation there.

00:12:12:08 - 00:12:24:24 Unknown One of the things that I hear a look like you're you're on the podcast for a reason, right? I only want I only want the best talkers, Right?

00:12:24:27 - 00:12:29:06 Unknown You litigate to.

00:12:29:08 - 00:12:30:11 Unknown So no.

00:12:30:11 - 00:12:38:11 Unknown One of the common misconceptions I hear from people who I've either work with or comments that we get or whatever else might be the case is

00:12:38:11 - 00:12:39:08 Unknown that

00:12:39:08 - 00:12:49:27 Unknown the bank is out to get me or they just don't like me. That's why they're doing this. Help people understand your firm's perspective or people in your shoes firm's perspective.

00:12:49:27 - 00:13:01:17 Unknown Like when you're doing going through your daily task list, when your team is doing what they do. Like, what's the perspective for you all? Is it just the job is there, You know, like help help people understand that?

00:13:48:26 - 00:14:38:05 Unknown Yeah.

00:19:02:04 - 00:19:04:16 Unknown Gotcha. And so who pays for you

00:20:24:04 - 00:21:01:03 Unknown actually makes.

00:21:01:05 - 00:21:19:09 Unknown No, I totally understand. So I'm a homeowner. I'm scare area. I get the letter. I'm shaking in my boots like I got financial pressures on me. I'm just, you know, I'm pissed off. I'm mad at the world. And, you know, I don't want to deal with this. I don't. My life is not where I planned it to be at this very moment.

00:21:19:10 - 00:21:19:25 Unknown Right.

00:21:20:16 - 00:21:26:10 Unknown What can you do to help me? Like, what does a successful workout look like? What

00:21:26:10 - 00:21:31:07 Unknown kind of help us understand that? So I get the letter. I call your office and like, you know,

00:21:31:07 - 00:21:43:13 Unknown I have no money. I I'm working on it. I'm trying to figure it out. Like, what does a successful workout look like in that scenario?

00:25:02:05 - 00:25:27:11 Unknown Mm hmm.

00:25:27:13 - 00:25:49:07 Unknown It's

00:28:42:16 - 00:29:27:22 Unknown yep. Yep.

00:29:28:01 - 00:29:38:22 Unknown Yeah,

00:29:38:22 - 00:29:54:22 Unknown absolutely. So you said some things that I really want to highlight and I really want people to understand. The first thing Erin reiterated, what I was like to say is you need to make a decision. Are you going to keep your house or are you going to let it go? That decision needs to be made and then you can know how to move forward.

00:29:54:28 - 00:29:58:04 Unknown That was the first thing. The second thing you said is

00:29:58:04 - 00:30:01:10 Unknown the longer the foreclosure process takes,

00:30:01:10 - 00:30:04:16 Unknown the less negotiable the bank becomes.

00:30:04:16 - 00:30:13:13 Unknown Right. And I think homeowners really need to understand this, because if a bank's willing to take a loss on your loan for settling early,

00:30:13:13 - 00:30:15:13 Unknown once the process is extended

00:30:15:13 - 00:30:24:17 Unknown and delay and they have a lot more energy, effort, time, legal expenses and everything into the case, that settlement offer does not stay the same.

00:30:24:21 - 00:30:47:27 Unknown It changes. It changes. It changes. And also market conditions don't stay the same. If they start this process two years ago and the market is, you know, at one point and two years later, now the market is up or down, a lot of different variables change. And so you have to understand that it's better to find a resolution sooner than it is to wait and delay until later.

00:30:48:02 - 00:31:16:28 Unknown Right. And so and so,

00:31:25:13 - 00:33:18:13 Unknown yeah.

00:33:46:28 - 00:34:01:06 Unknown Yeah, I get it

00:34:35:12 - 00:34:43:18 Unknown Awesome. So, Aaron, you know, what would you say your favorite part about working with homeowners is?

00:36:45:10 - 00:36:50:08 Unknown Mm hmm.

00:37:27:11 - 00:37:35:08 Unknown Taking.

00:38:49:20 - 00:39:05:20 Unknown Yeah, yeah, yeah. As I.

00:39:05:20 - 00:39:47:08 Unknown Mm hmm. Yeah.

00:39:47:29 - 00:40:08:06 Unknown No, absolutely. Aaron And I appreciate that, that explanation, because I think a lot of people, they're just frustrated. They're mad. I know you've probably been cast out tons of times of people calling your firm. And so I get it. I understand both sides of the equation equation. And sometimes that that frustration is just misplaced.

00:40:08:08 - 00:41:19:00 Unknown And it's it's very difficult. Yeah, exactly. Yeah. Yeah. 100%. And it sounds like you've been getting teary eyed as you kind of talk about it. So I. Well. Well, Aaron, that brings us to, like, my favorite part of podcast, which is, you know, our bow tie around, which, you know, is an opportunity. It's an opportunity for our listeners to tie went on with you.

00:41:19:01 - 00:41:37:17 Unknown Right. And so the be in the bow tie round stands for the best advice you have for someone in foreclosure. The O stands for one thing you're grateful for, and the W stands for your wildest or most interesting foreclosure related story. All right, so B, what's your best advice for someone in foreclosure?

00:42:31:08 - 00:43:37:06 Unknown Absolutely. The o one thing you are grateful for right now, that's awesome.

00:43:37:06 - 00:44:00:23 Unknown And Kelly is an amazing person. Hey, no, I appreciate it, but no, Kelly is Kelly. Kelly is pretty cool when I can't find her. And Queen, I know. I call Kelly and Kelly helps me finder so now I appreciate it. The last thing is you're wow. It is our most interesting foreclosure related story.

00:44:00:23 - 00:44:16:17 Unknown I know there's so many to choose from the.

00:44:24:27 - 00:44:30:14 Unknown Yeah.

00:45:24:17 - 00:45:26:11 Unknown Wow.

00:47:37:05 - 00:47:46:20 Unknown Yeah.

00:48:06:26 - 00:48:19:08 Unknown Wow.

00:48:54:06 - 00:48:57:14 Unknown Mm hmm. Yeah.

00:50:08:00 - 00:50:35:23 Unknown What? Wow. So note to self. Do not become a foreclosure attorney. I'm taking it off my list. Thank you so much for that. Help.

00:50:35:26 - 00:50:55:28 Unknown 100%. There's a lot of firms in Atlanta who do that exact same thing where, you know, you can't you can't even. It's like. Like you're going into the White House. So it's it's crazy. Well, hey, that wraps another episode of the Foreclosure Fix podcast. I told you, Aaron Quinn bringing the fire and she lived up to the hype.

00:50:56:01 - 00:51:37:05 Unknown Aaron, please do us a favor. Let our listeners know if they ever need to get in contact with you or your firm where they can find you all at.

00:51:37:05 - 00:51:51:27 Unknown Awesome. Awesome. Well, we really appreciate Aaron Quinn for dropping by the podcast today. Yeah, she is phenomenal and we are so happy to have her with that. If you found value in today's episode, please do us a favor.

00:51:51:27 - 00:52:04:06 Unknown Like subscribe. Tell a friend or you can check us out at the Foreclosure Fix podcast dot com. I'm your host, Al Ojo. Thank you so much for listening in. God bless you and I love you. Welcome to the family.

00:52:04:06 - 00:52:16:24 Unknown The views and opinions on this podcast are for informational purposes only and should not be construed as legal advice. If you have a specific legal question, we highly recommend you contact a qualified legal professional.