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As a Homeowner that's in or near Foreclosure, you DO have options.
Listed here are a number of options that you might hear about, but some of them may NOT be in your best interest!

Sell Your House
Pros:
  • Avoid the foreclosure
  • No more continuing marks on your credit
  • Fresh start
  • Cash to start over
  • Peace of mind
  • It's all behind you
  • We may be able to buy your house before the foreclosure, EVEN if you have no equity!

Cons:
  • You may have to move - but we may be able to help you do that!


Loan Modification
Pros:
  • Keep your home
  • Lower your interest rate
  • Stop the foreclosure
  • Back payments go away
  • Credit back on track

Cons:
  • Can be very difficult to accomplish depending on your lender and situation



Refinancing
Pros:
  • Make up your back payments
  • Start fresh with a new loan
  • Stop the foreclosure
  • Credit back on track

Cons:
  • Back payments prevent a refinance
  • Higher interest rate which means higher payment
  • Mortgage broker may not get it done in time



Negotiating a Workout or Forbearance
Pros:
  • Stops the foreclosure
  • Chance to get back on track
  • Stay in your home

Cons:
  • Large down payment to lender
  • Monthly payment can go up significantly
  • Still reflects on your credit
  • 1 missed payment and the lender can foreclose



Bankruptcy
Pros:
  • Postpones the foreclosure
  • Stay in the house (temporarily)
  • Possible payment arrangement

Cons:
  • On your credit for many years
  • Lender may still be able to foreclose - this may only be a temporary fix
  • Must pay an attorney
  • Continued stress in your life
  • Possible Bankruptcy AND Foreclosure on your credit!

IMPORTANT NOTE:
Please consult a qualified and trusted bankruptcy attorney if this is a route you want to investigate. In our opinion, this is only a postponement of losing your house, and an addition of bankruptcy on your credit. We have witnessed many people still lose their home after filing bankruptcy.

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Disclaimer: The information provided on this site is accurate to the best of our knowledge. It is provided for informational purposes only, and you should consult the help of legal, tax or any other professionals required in order to get accurate information for your specific circumstance.

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TESTIMONIALS
Thank you for helping us when we didn't know where else to turn. Without your help we would have had to deal with our situation alone and I'm sure it would have ended up differently...

 
Disclaimer
We DO NOT perform, broker, negotiate, collect documents for, or in any way associate with Loan Modifications, Debt Settlement and/or Forensic Audits. We are simply networked with licensed Loan Modification, Debt Settlement and/or Forensic Audit service providers who we will put you into contact with for these services. If you are interested in inquiring about a residential Loan Modification, Debt Settlement and/or Forensic Audit please contact our office at the number above for further details.
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