As a homeowner, it is extremely important that you know and understand your options. We want to help you.
- Sell Property this is a good option if you have equity in the property and you can find a buyer that is interested in your house that is willing to pay what you are asking.
- Bring your mortgage current you will need to have enough cash to cover all of the back payments, any late and administrative fees.
- Refinance you will need to qualify for the loan. To qualify, you will need to have sufficient income and a very good credit score.
- FHA Home Affordable Modification Program Part of the federal government’s Making Home Affordable program, if you have an FHA-insured home loan and you’re having trouble paying your mortgage, you may be able to arrange a more affordable mortgage payment under this program.
- Mortgage Forbearance An agreement between the lender and the home owner in which the lender agrees to postpone the foreclosure and the borrower agrees to a mortgage payment plan that will bring the borrower current on his or her payments. You either make reduced mortgage payments or no payments for a period of time (generally three months) to give you a chance to get back on your feet during a temporary hardship. The missed payments are then repaid through a repayment plan where you would resume making your normal monthly payments plus an additional amount over time.
- Short Sale The goal of a short sale is to help you avoid foreclosure if you are no longer able to remain in your house. In the short sale process, you sell your house and settle your mortgage debt for less than the amount that you owe. If you have no equity, the value of your house is upside down, and you want to save your credit, this is the best choice for you. After completing a short sale this will allow you to purchase another home after 24 months.
- Deed in Lieu This option lets you avoid going through the foreclosure process by signing the deed to your property over to your lender. A deed in lieu can negatively affect your credit score, but the impact is generally less severe than a foreclosure.
- Foreclosure if you do nothing, your home will be repossessed by the bank. This will virtually destroy your credit and you will not be able to buy a house for 10 to 12 years. Costs associated with the foreclosure process. You will still lose the house and negatively affect your credit.
Don’t Walk Away From The Property!
You can avoid foreclosure. Let us help you complete a short sale.We will negotiate with your lender and If we come to an agreement, we can pay all CASH with no contingencies and close in a few days.
We’ll handle all of the paperwork and make all the arrangements and you can get on with your life!There are no outrageous fees or commissions to pay.