Loss Mitigation Options Available to you:

Below are the options you have if facing foreclosure. Call today to inquire what is the best option for you. FREE consultation.

Do Nothing

The stress of facing foreclosure can push many homeowners into turning their head and letting the foreclosure process run its course. Doing nothing to save your have is the worst mistake you can make. You can avoid foreclosure with foreclosure assistance by contacting us today! Saving your home from foreclosure should be your top priority. Homeownership is the key to financial wealth, personal health, and a stable family. Why do nothing when we can stop foreclosure today.

File Bankruptcy

While this option may have been very popular in the past new bankruptcy laws and restrictions make this once easy process very hard. Filing for bankruptcy may not relieve you of your obligation to repay your mortgage, foreclosures may still proceed, and it may damage your credit for the rest of your life. Remember over 75% of people who claim bankruptcy to save their home default as they cannot stick to the payment plan. Avoid bankruptcy at all cost and consult a loan modification specialist before filing for bankruptcy.

Short Sale

A Short Sale is the sale of a property for less than what the borrower owes to the bank. In this type of sale, the lender will accept less than the face value of the note, and, in most cases, forgive the remaining debt. Many lenders would much rather accept a short sale than foreclose on the property and incur the costs associated with foreclosure. Foreclosure is a time consuming and costly process that banks and lending institutions would prefer to avoid. *Realtors who take “short sale” listings should proceed with caution. These are time intensive and frustrating transactions, if not processed and negotiated correctly. If you are a realtor who has a short sale listing and are unsure of how to proceed, contact our office today!

We buy homes Cash!!!!!
Call today to inquire 888-300-2941

Deed in Lieu of Foreclosure

Allows you to voluntarily transfer legal ownership of your property to your investor if you are unable to maintain mortgage payments and cannot sell the home at current market value.
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Repayment Plan

Distributes your delinquent payments over a period of time,  usually no more than 10 months. A portion of the deferred delinquent amount is added to the normal monthly mortgage payment. We discourage this option; if you can’t make your normal payments how can you make double payments. Speak to our knowledgeable reps today.
Call today to inquire 888-300-2941

Partial Claim (only for FHA loans)

A second mortgage, interest free, that is paid off at the time when the homeowner's loan is paid off. This option allows up to 12 months of past due accrued mortgage payments to be included in the second mortgage. Available only on FHA loans.
Call today to inquire  888-300-2941

Fannie Mae HomeSaver Advance™ (FNMA Only)

A low interest rate loan provided by the first lien loan servicer to bring current a customer's delinquent first lien loan. The loan repaid over a 15 year term, with payment and interest accrual deferral during the first 6 months after the advance. Available only on most Fannie Mae loans.
Call today to inquire 888-300-2941