Foreclosure Options
As a homeowner you have foreclosure options that you need to weigh carefully:
Foreclosure option one: RESTRUCTURING THE LOAN (Best fit for a homeowner who meets certain criteria so we can stop their foreclosure!)
Foreclosure option two: REFINANCING (if homeowner is 60 days past due on their mortgage they most likely will not be approved for refinancing)
Foreclosure option three: BANKRUPTCY (not always the best solution...it may seem like an easy way out but you may have HUGE credit issues later!)
Foreclosure option four: SHORT SALE (the homeowner will lose all equity in the home and only receive 65% of property value)
Foreclosure option five: ARREARAGES/BACK PAYMENTS DUE ON MORTGAGE (if you can afford it?)
StopMyForeclosure.net is made up of a group of veterans in the industry working on your behalf to save your home and help you explore your foreclosure options. In fact, we will weigh your financials and prove to the mortgage company that you can afford your home and stop the foreclosure process. Understanding your foreclosure options is your best defense. You don't need good credit for us to get your loan re-instated with your mortgage company. We are a consulting firm specializing in financial, economic and personal matters and have experienced professionals on staff who are results driven who have dealt with property in almost every state.
Our staff includes reliable bankers, mortgage loan officers, realtors and other professionals with proven track records. We are dedicated to assisting the homeowner in understanding the foreclosure options and who honestly wants to save their home and financial well being. We have stopped foreclosures with as little as "one" day notice! However, we do not recommend waiting until the last minute to explore your foreclosure options as lenders normally require time to evaluate a proposal. In addition to these foreclosure options, we often assist our customers with financial consulting, suggestions on how to improve management of personal budgets and consultations on other matters which directly effect their financial stability and quality of life.
Call us today for a free consultation. Our professional foreclosure specialists are standing by to help you understand all the foreclosure options available to you. Here is a brief description of some of the foreclosure options available to you.
Sincerio one: You have an adjustable rate mortgage that has just reset and you now cannot afford your mortgage payment and will be facing foreclosure in the near future. A foreclosure option for you would be - Analyze your monthly financial expenses to ensure that your are spending your money wisely. If you have a large ($10,000 plus) amount of unsecured debt we can help you by offering you our debt settlement services which can free up money for you to afford the new mortgage payment. Another foreclosure option with this scenario is - We can help you short sell your home by introducing you to our investor group. A short sale is a way to get out from under a mortgage without having a foreclosure on your credit. Your home will be sold at below market value. The new FHA secure housing bill might be another foreclosure option for you.
Scenario two: You have experienced a hardship either medical or financial which has put you behind on your mortgage payments a few months. You are trying to get back on your feet, but are having some problems coming up with the money to catch up with your back payments. A foreclosure option available to you here is - We can negotiate with your lender to help put those back payments on the back of the loan. This is either a Loan Modification or a Repayment Plan. This negotiation process normally takes up to 90 days (when we are in the negotiation process you will not be required to make a mortgage payment). During this time you can save up money to cover the workout package that is negotiated by us with your lender. We are getting adjustable rate mortgages turned into fixed mortgages which can help you in the long run.
These are just some of the foreclosure options available now to you. We are looking to get you into a long term program that will help you get back on your feet financially. The lenders may offer you a "deal", but these deals are generally a short term "bandaid" for your family in order for you to keep your home temporarily. These lender offered programs are put in place for collections to get as much money from you as they can and normally these agreements are verbal which gives you no recourse if things change from the lenders standpoint. Our negotiated workout packages are all in writing, we guarentee our services and we negotiate a package the is in your financial long term best interest.
Don't give up on your home until you explore all your foreclosure options. Every situation is unique so give us a call or complete an easy online application for assistance.