|
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.
|