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| Foreclosure Prevention Options |
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| When a homeowner faces foreclosure, there are various options available. We will briefly examine some of the most popular ones: |
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- Restructure (Most Popular Alternative) - We can negotiate with your lender to get your loan in good standing again. This can be accomplished through a separate payment plan for your delinquency or even adding the delinquency to the end of your loan. Sometimes we can even lower your monthly payment!
- Reinstatement - Pay your lender(s) all of your past due payments to bring your mortgage current. This option is rarely feasible.
- Refinance - We have established relationships with very reputable lenders who can give loans on mortgages that are in foreclosure if there is enough equity in your property available.
- Sell Your Home - You may simply sell your home before the Foreclosure Sale Date. Sometimes the home owner is unable to sell the home outright at the desired sale price and this is not an option. (see www.uSellAsIs.com)
- Short Sale - We may be able to negotiate a Short Sale on your behalf with your lender(s). In this instance the lender may take less than what you owe on the loan to avoid a lengthy and costly foreclosure process. (see www.uSellAsIs.com)
- Deed-in-lieu of Foreclosure - We can arrange for you to simply give the home back to the lender and walk away with a clean slate.
- Bankruptcy - This is a last resort. This will only save your home temporarily. If you miss one payment during this process the lender will put you right back into foreclosure.
- Doing Nothing -> Foreclosure - Doing nothing is the paralyzing result some resort to when they are feeling overwhelmed. You have options when in foreclosure. This option is the most damaging to you. The lender will take your home and all of your equity. If there is no equity, your lender may get a deficiency judgment against you and come after you to repay the shortage or “deficiency”. This is the most damaging to your credit and your ability to acquire another home loan.
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| Don't go at this alone. You need professional help at a time like this. Give us a call today at 1-866-945-KEEP (5337). |
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| Time is the most critical factor here. With every day that passes, our options become limited or more complex. Every day makes a difference. If there is a way to stop foreclosure and either keep or sell a property, we can help! The best part is, our services are absolutely FREE. None of the fees are paid by the homeowner, EVER! See if you Qualify |
