"Save my House From Foreclosure"

How does Foreclosure Work?

Dear Homeowner,

If you are behind payments and facing foreclosure you have come to the right place.  We are truly sorry that you are facing this situation but please do not give up.

If you are reading this chances are that a foreclosure action has been filed against your property and you are now looking for answers. If this is the case, I urge you to contact your lender, to clear this issue promptly.  If you have tried that to no avail perhaps we can help; We are a serious real estate investing company with vast experience in the foreclosure process.

If we may be of service in this matter, it would be our pleasure to do so. You may contact me us 888-564-2102 Ext. 61 or complete our contact form here ---->  Tell Us About Your House Now!
I handle all the paperwork and pay all closing costs.

You get a quick response with no hassles, no pressure, and your worries will be behind you.

Don't wait until it's too late! You deserve a fresh start! We can keep the foreclosure off your credit records.

We are not able to help every one, but we will surely try! CALL TODAY to find out how we can help at 888-564-2102 Ext. 61 or complete our contact form here ---->  Tell Us About Your House Now!

You have a RIGHT to know ALL of your OPTIONS

Option 1: Loan Forbearance or Modification - A strategy worth pursuing is called a loan forbearance. The loss mitigation department of your mortgage company may make arrangements with you to pay some of the back payments now and the balance within a certain time period. A typical example – You owe $9,000 in back payments, attorneys’ fees, etc. Your mortgage company may accept $4,500 now and $750 per month for the next 6 months. Of course, you would have to resume making your normal monthly payments. A loan modification is a permanent change to your mortgage that may lower your payments and the delinquent payments may be added to the mortgage balance. A loan modification or forbearance is easier to arrange prior to the Mortgage Company filing a foreclosure lawsuit. Some lenders will not consider this after filing, but it’s worth trying.

Option 2: Reinstate Your Mortgage - You have up to and including the morning of the auction to catch up your payments. Perhaps you could borrow from friends or family, credit cards or retirement program. You may be able to arrange a second mortgage to catch up the back payments and fees. Check in the Yellow Pages under "Mortgages". There are a number of companies listed that claim they can help in these situations

Option 3: Refinance - You’ve probably received letters from mortgage brokers and lenders saying you are already pre-approved for a new mortgage. The fact is that is very difficult to arrange new financing when you’re already in default on your existing mortgage. Be very cautious about sending advanced fees of $300.00 to $600.00 to lenders or mortgage brokers. Usually it’s a ploy to take advantage of your financial situation.

Arranging new financing will depend on your income, credit report, value of your home and the amount of your equity. If you’re not sure of the value of your home, give me a call. Usually I can give you a fairly accurate estimate of value within a ½ hour. I would be glad to help and of course, there’s no obligation. If you attempt to refinance, you should always have a backup plan available to you. Many times, I have had homeowners call days before the auction saying their financing did not go through, and then it’s too late!

Option 4: Chapter 13 Bankruptcy - A viable alternative if your financial situation has improved, filing bankruptcy prior to the auction will stop the sale. Unfortunately for most people, it only postpones the sale for one or 2 months. Immediately after filing a Chapter 13 Bankruptcy, you will have to file a repayment plan with the courts. This plan has to show that you have sufficient monthly income to pay basic living expenses such as food and utilities and other monthly payments such as credit cards, car payments etc. In addition, your income must be sufficient to resume making your monthly mortgage payments. All past due amounts are usually spread out between 24 and 60 months i.e. If you owe $9,000 in missed payments, attorneys fees, etc. if spread out over 48 months would be an additional $187.50 due each month to the court appointed trustee. If you feel as though you have the income to immediately begin repayment of all your debts and the courts agree, this may be a good choice for you to save your home.

Over the years, I’ve spoken with many individuals who filed for bankruptcy protection only to have their cases dismissed. Not only were they out their attorney’s fees (usually $1,000 - $2,000) but now had a bankruptcy and foreclosure on their credit report. Bankruptcy is considered an action of last resort.

Option 5: Sell Your Home on the Open Market - This is probably the most under utilized option available to you. The fact is selling your home will give you the most money in your pocket. The market is very active and we’ve all experienced significant appreciation in the past few years. Your home may be worth a lot more than you think!

If you have recently been served with a foreclosure lawsuit you still have enough time to sell your home which will provide you and your family the greatest amount of money to help provide a fresh start for you and your family.

Don’t procrastinate; explore all the options available to you. If saving your house seems unlikely, you should call me as soon as possible! Placing you home on the market a few weeks or a month from now may not give us enough time to find the buyer, arrange financing, and schedule the closing. Because of the time sensitive nature of your situation, this is not a time to go it alone as a "for sale by owner" or list your home with a friend or friend of a friend.

Option 6: We Can Buy Your Home - If efforts to save your home have been unsuccessful and time doesn’t permit selling your home on the open market or you just don’t want to, but want a quick sale with no problems, call me. I’ll make you a cash offer and close quickly usually in two to five days. If you need additional time to relocate, that can easily be arranged.

You have probably been swarmed by investors calling you and knocking on your door. If not yet, you soon will be. A Word of Caution, some investors are very aggressive and unethical. Some investors will tell you that "You only have one or two weeks before the auction and your furniture and possessions will be placed on the sidewalk or street." This scare tactic is usually accompanied by a ridiculously low offer.

The fact is you have several months before that could happen, but this is not a time to sit back and relax but for you to pursue one of the options available to you that makes the most sense for you and your family. Don’t be rushed or scared into giving up your hard-earned equity. If a quick sale of your home is your goal, talk with several reputable investors, including myself. I can promise that I will treat you fairly, with dignity and complete honesty.  When I make you an offer and say you will walk out of the closing with $1,000, $5,000, or $20,000, that’s what you will walk out with! I don’t believe in last minute negotiating at the closing table.

If you are looking for a quick – no problem solution call me at 888-564-2102 Ext. 61 or complete our contact form here ----> Tell Us About Your House Now!

A quick solution offers the following benefits:

Option 7: Let Your Home Be Sold On the Courthouse Steps - By far, the worst option available to you! Many people feel "I have no equity, let the bank take it", but homes that are sold on the courthouse steps typically sell between 50% and 70% of their fair market value. Moreover, if a bank suffers a loss due to the pending foreclosure action against you, they also have an option. They can file a deficiency judgment against you and pursue you for the amount of their loss.

Typically ten days after the foreclosure auction, a certificate of title will be issued by the courts to the new owner. If you have not voluntarily vacated your house at this time, you could be forced to move out within 24 hours.

TIME IS OF THE ESSENCE! Call me at 888-564-2102 Ext. 61 or complete our contact form here ---->  Tell Us About Your House Now!

As with any serious legal situation the reader is encouraged to consult legal counsel regarding any points of law. This information should not be used as a substitute for competent legal advice.

If you own property-facing foreclosure and are interested in selling, we have the capability for quick, private closing without the hassles of listing the property or completing possible repairs. Call me at 888-564-2102 Ext. 61

 

Sincerely,

P.S. It Will Only Take 2 Minutes…

All it takes is simply 2 minutes or so for you to our contact form here ---->  Tell Us About Your House Now!, to see how we can stop the foreclosure process against you.  

We can solve your problem. 

Don't wait till it's too late!

Take the next step and complete our seller form or call us today at 888-564-2102.  We look forward to helping you stop foreclosure.

P.P.S. This transaction will be handle with strict confidentiality, and once the foreclosure or pre-foreclosure procedure is stopped you can go back and enjoy  life once again.

Foreclosure Scams – Seller Beware!

Please beware of companies that charge a fee to “stop or avoid foreclosure” or say that you can stay in the house after they buy it from you.  Make sure you fully understand what is going on and the true purpose of all the documents you sign.  Although some of the conclusions are questionable, here is a very informative report by the National Consumer Law Center entitled “Dreams Foreclosed”.

In light of this report, please note that we DO NOT do any of the following:
     - Make loans to people in foreclosure
     - Rent back to former owners
     - Give former owners an “option" to buy the house back
     - Act as a “foreclosure or mortgage consultant”
     - Have you sign papers without giving you a copy
     - Charge any fees or commissions for buying your house
   Tell Us About Your House Now!