There are several ways you can stop a foreclosure and get back on track.  Here is a list of some of the most common:

1. Reinstate The Loan: Pay all of the back payments to bring your mortgage current.  This option is often difficult to attain, because the mortgage company will add late fees and attorney fees, and many people aren’t able to come up with the full amount.

2. Negotiate A Short Payoff: Our investor network can negotiate with your lender to payoff your loan in full at 65% of the current market value.  A new mortgage loan will be issued to you with a positive equity position in your home.  You will then have the option to refinance or sell the property at a profit.

3. Negotiate A Loan Modification: Our property protection network can negotiate a loan modification directly with your lender on your behalf.  In many cases the lender will be willing to adjust the interest rate and terms of your existing loan to make it more affordable for you to keep your home.

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4. Refinance: If there is enough equity in your home, there are lenders which will sometimes make a new loan, incorporating all of the back payments.  We have relationships with reputable companies, and will be glad to assist you with this option.

5. Sell Your Home: You may simply sell your home before the Foreclosure Sale date.  You may owe more than the home is worth, making it hard to sell.  In this case, we may be able to negotiate a short sale with your mortgage company, where they accept less than they are owed in order to avoid a costly foreclosure process.

6. Deed-in-Lieu of Foreclosure: You can simply arrange to give the home back to the lender and walk away with a clean slate.

7. Foreclosure: This is where you do nothing, and let the home go into mortgage foreclosure.  This SEVERELY damages your credit and ability to get a home loan again.  If there is no equity in the home, the mortgage company may even come after you to pay the shortage between what it is worth and what you owe.

DON’T LET THINGS GET THIS FAR OUT-OF-HAND!

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If you’re behind on your mortgage payment, you may have experienced a lot of inflexibility from your lender.  They might be telling you something like this – “Payment in full is all we’ll accept” is a common tactic they use to try and get you to come up with all the money you owe.

1. If you do have enough money to make up the back payments, do it!

2. But if you don’t, or only have some saved up, realize that there definitely is help.

Lenders routinely accept our negotiator’s terms to modify your existing loan or to payoff your loan at a discount when presented professionally, and with a knowledgeable approach of the way the system works.

Either way, we will negotiate with your lender and get you back on track.

You do have options – so don’t wait to get this valuable information about your solutions.

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1. Don’t Ignore Your Situation. Keep the communication lines open, and be honest about your situation.  Keep and file all letters and documents your lender or their attorney sends you.  These papers will be important later on when we assist you in keeping your home.

2. Stay In Your Home. Don’t vacate it.  If you do, it may be seized and then you may not qualify for any special home saving programs nor be eligible for a loan modification.

3. Contact Us Immediately to discuss what the best pre-foreclosure solutions are for you.  We will negotiate with your lender for you, using our expert knowledge and of all the laws and regulations you which have on your side for your protection.

We’ll be glad to walk you through your options in plain English.

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