Freedom From Foreclosure - Foreclosure Prevention Options

Remember: Equity, credit, income, reserves, NOT a factor!!

If you are facing foreclosure listed below are your foreclosure options

Foreclosure Options

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HOMEOWNER WANTS TO KEEP HOME (OPTIONS)

Restructure / Loan Modification â€“ A Loan Modification is a permanent change when a lender agrees to modify any or some of the terms of the mortgage, allowing the loan to be reinstated, making the payment more affordable for you.

These changes may include:

1) Reducing or modifying the interest rate
2) Extending the term of the loan
2) Changing the monthly payments
4) Combining any of the above

A Loan Modification will give you a fresh start, bringing your mortgage up to date after capitalizing any delinquent interest, escrow, fees, and other costs based on investor guidelines. Acting quickly should be your number one priority, as we will need to develop
a plan, document your current financial situation, and contact your lender to begin negotiations on your behalf in order to stop foreclosure and save your home.

Full Reinstatement â€“ A reinstatement is paying the amount that is past due amount including late fees and Attorney costs and other costs to include drive by appraisal. Paying this amount will get your Mortgage caught up immediately. Once you are in foreclosure your attorney fees and fees included above equals about three thousand dollars. A Reinstatement will offer you the quickest method for resolving your mortgage foreclosure. Not a foreclosure option fore most homeowners. This option is rarely feasible.

Special Forbearance / Repayment Plan â€“ this is suggested as a temporary solution to keep you in your home while you sell the property. This allows you to avoid foreclosure and minimize the damage done to your credit rating.

Refinance â€“ 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. Here credit, equity, and income are vital factors for lender approval.

Get Loan Modification Help

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HOMEOWNER DOES NOT KEEP HOME (OPTIONS)

Short Sale â€“ Borrower does not want or can not afford the property. The property is sold for less than the full amount owed on the mortgage. The mortgage company agrees to accept less than the payoff to sell the property. We have found a reputable company that can help with a short sale and help you stop foreclosure.

Deed-in-Lieu of Foreclosure â€“ Homeowner voluntarily gives the property back to the mortgage company to satisfy the defaulted mortgage to avoid foreclosure.

Get Foreclosure Prevention Help

Depending on your situation keep in mind that filing a Bankruptcy is always our last method of choice to prevent Foreclosure.

We Can Help With

Stop Foreclosure Auction Sale

Lower Mortgage Payments

Reverse Foreclosure Auction Sale

Predatory Lending Violations

Walk Away From Your Home

"...Thank you so much for all of your help! WOW, I am speechless (thankful & grateful) this was really stressing the entire family. This proves, "where there is a will, a way will be made"...Thank you, thank you , thank you! from the entire Elvir family!
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