SAVE YOUR HOME FROM FORECLOSURE
Foreclosures and mortgage delinquencies are still at record highs with little relief in sight. Over the next few years, adjustable rate mortgages will continue to reset to higher rates and the unemployment rate, just compounds the issue.
THE CHALLENGES:
Banks don't seem willing to help homeowners out, yet they cannot afford to continue to allow the number of foreclosed homes to pile up. The government is trying to help, but as they debate how to solve the problem, more homeowners suffer. Not to mention the proposed plans never discuss what to do for those who have already lost their homes due to an inability to pay their mortgages .
THE SOLUTION:
If your situation was temporary such as a layoff, or minor setback, you can often negotiate with your lender, provided you can pay the back amount due and stay on track with future payments. Perhaps, you can get money from a 401k or other investment, but by all means do not do this if your situation is ongoing as this is a sure road to bankruptcy.
If you are unable to make your mortgage payments and want to keep your home, you will need to talk to a loan modification specialist and that is what we do. The banks no longer negotiate new payments with the borrowers, but will work with trusted loan modification specialists who work with attorneys that know how to get the job done right the first time. In fact, our service is 100% risk free - if you don't get your loan modified, you don't have to pay a penny!
If you are unable to make your mortgage payments and do not want to keep your home, here are your options:
1. Sell The Home. If you are fortunate and still have equity in your home, you may be able to sell it. Contact your local real estate professional to help you determine your homes value. Make sure you are up front with them as to your situation because they will have to price the home for a quick sale.
2. Short Sale. If you owe more than what your house is worth, you might be able to negotiate a short sale with the bank. This is an arrangement where they let you sell the home for less than it is worth. It requires a professional short sale negotiator , not a real estate agent to make this happen.
3. Foreclosure. Allowing the bank to take your home back will cause severe damage to your credit, and often leads to bankruptcy, especially when the amount owed is more than the home is worth. This should be your last option.
To discuss any of these options, either call Anthony at 800-453-9290 or fill out the form below and we will have someone contact you as soon as possible (you will need to verify the application via email as well.)
I hope you found this useful. Please feel free to drop me a line to give feedback or ask questions at anthony @ atozlender.com.
And now a word from our lawyer: This information is subject to change and Consumers Advantage Mortgage will accept any claims or liabilities that arise as a result of the use of this information.