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Stop Foreclosure...You have options.
Is someone you know behind on a mortgage payment...
There are multiple solutions available to assist homeowners avoid foreclosure:
1. Loss Mitigation - Loan Modification
Lender agrees to create a solution to modify the existing loan agreement.
There are various methods including:
· Loan Modification,
· Reinstatement,
· Repayment Plan,
· Forbearance,
· Redemption,
· Partial-Claim
The best results require a professional to negotiate your solution.
Visit FreeForeclosureHelpSite.com or call (800) 861-9457 for a free consultation.
Free recorded info
2. Refinance
Dependent on the equity in the subject property and credit score of the borrower.
This will not be the best solution if the new monthly payment increases.
Obvious benefit is the homeowner will retain their home.
3. Short Sale
Selling the property for less than what is owed to the Lender.
Lender agrees to accept less than what is owed (may have tax/credit consequences).
Timing is critical to avoid lasting monetary and credit damage.
Ask me for a referral to a professional short sale real estate agent.
4. Deed in Lieu of Foreclosure
Technically a voluntary foreclosure...giving the Lender the keys back.
Worst solution outside of foreclosure - loss of home and damaged credit.
5. Foreclosure
Lender files a Notice of Default (Lis Pendens) that leads to a Sherriff Sale and ultimately eviction from the property.
Thereafter the Lender may seek a deficiency judgment for the amout still owed after the sale.
Worst possible outcome for the homeowner - eviction from the home and credit devastation.
The best solution is to take action...any action!
www.FreeHomeSaverTips.com
Contact me today - (877) 356-SAVE.
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