IMPORTANT FORECLOSURE ANSWERS:
Below are important answers that will help you prevent foreclosure on your home in America:
What is foreclosure?
Home foreclosure is a process by which a lender regains a property which they have financed. Typically, this is because the borrower or homeowner is behind on house payments and is unable to catch up, often due to circumstances outside of his or her control. When the lender forecloses on the homeowner, the homeowner must move out of the house, therefore, losing all possession of the property and jeopardizing any possible equity that the homeowner may have in the home. There is a legal time frame, which varies from state to state, which determines how long the foreclosure process can take.
Do I have enough time to stop foreclosure?
Up until the foreclosure sale occurs there is still hope. If a sale date for your house has been set you need to act fast. We have stopped sales set for the next day but this is very risky and some lenders will not agree to it. You're best option is to take action immediately to stop foreclosure before it goes too far.
What can loss mitigation do for me?
The goal of loss mitigation is to work out an agreement between the homeowner and the lender that will stop foreclosure proceedings permanently. This allows the homeowner to stay in their home and protects their credit history.
Should I negotiate with the lender myself?
Yes. If you are only a payment or two behind and your lender has not hired an attorney or started foreclosure proceedings you may be able to negotiate a work out agreement yourself. If you are successful then you have saved yourself some funds that can be used to get caught up on your mortgage. Just remember, don't waste a lot of time on this.
Time is not on your side right now. If you don't have something worked out within 1-2 weeks, then it's obvious that your lender is not serious about working things out with you directly. When you get to that point you will be better served by professional representation that can use the formal business and legal protocols to your advantage. Many times they will lead you to believe they are working out a resolution and then all of a sudden you get a letter from an attorney. Don't make this mistake. Request a FREE Foreclosure consultation today.
How long do I have to act before foreclosure takes place?
Time is of the essence when you are behind on house payments. Time is definitely not your friend in this situation. Each day that passes makes it that much harder to get a work out agreement with your lender that you can live with. The home foreclosure process can take anywhere from a few weeks to many months, depending on your state law and the method of foreclosure your lender chooses to use.
How does Loss Mitigation stop foreclosure?
Specialists resolve mortgage delinquencies or home foreclosure claims on behalf of you, the homeowner. They perform a detailed financial analysis and work with you to determine your best alternatives. They review your lender's loss mitigation policies and your state's foreclosure law to make sure that we give you the best service within the context of your situation. By working with you and your lender, they tailor a resolution to meet your specific criteria and financial circumstance.
Do I need to have a special type of mortgage loan to get help?
No. There are out-of-court resolutions of government and non-government mortgage delinquencies or home foreclosure claims for homeowners. These can be FHA, Rural Administration, VA, Freddie Mac, Fannie Mae, or conventional loans which have become delinquent.
I've already talked with my lender and they just want all their money. Can you still help me?
Yes. Most people have experienced this kind of inflexibility from their lenders. A mortgage modification specialist will get your bank to listen to your needs because they know and trust us. They have mitigated thousands of home foreclosure cases. This kind of experience gives credibility with your lender. Over the years they have developed positive working relationships with key people at most banks. Their integrity and professionalism have earned them a reputation that allows them to be heard when no one else can get through the red tape. They will use their experience and connections to your advantage.
I'm currently in bankruptcy. Can you still help me?
Yes. However it is impossible negotiate a work out agreement with your lender until your mortgage has been discharged or dismissed from the bankruptcy proceedings. A professional loss mitigation consultant can still evaluate your case and explain the best options to save your home. Then when the mortgage is out of the bankruptcy, they can proceed with the home foreclosure help. Sometimes after bankruptcy, it is easier to make a mortgage payment because other debts have been discharged.
How long does it take for you to complete the case once I fill out all of the paperwork?
Anywhere from 2 days to a few months. This depends on the stage of foreclosure, the state you live in, your financial position and the lending institution. Typically it takes several weeks to complete a work out agreement and stop foreclosure proceedings.
How much do you charge to stop foreclosure?
Fees are based on your mortgage payment amount, and the complexity and urgency of your situation. A professional loss mitigation consultant will evaluate your case and explain the best options to save your home. They are confident that you will feel that their fees are a bargain compared to the cost of the alternatives. They also offer a 100% money back guarantee if they cannot get you a work out agreement with your lender(s) as long as no sale date has been set.
How should I proceed?
If after your FREE Consultation it is determined that this can be of "true" service to you, there are several options to get you out of Foreclosure. The primary goal is to help you SAVE your Home, first and foremost. If this is not possible, you will be given other options on how sell your home and how to avoid a Foreclosure on your credit rating.
Specialists in all of the following are ready to help you:
- Reinstatement Plan
- Repayment Plan
- Loan Modification
- Loan Restructuring
- Loan Refinance
- Forbearance Agreement
- Redemptions
- Partial Claim
- Pre-Foreclosure Sale
- Short Sale
- Deed-in-Lieu of Foreclosure
Please do not feel embarrassed or ashamed if you are behind on your mortgage payments - a professional can provide you with options to AVOID Foreclosure that you have never dreamed about before! They are committed to turning your "existing" nightmare back into a dream come true... Home-Ownership.
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