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ARE YOU HAVING TROUBLES MAKING YOUR LOAN PAYMENTS? ARE YOU GETTING CLOSE TO FORECLOSURE?THERE ARE OPTIONS
Several millions Americans are having problems with loans payments and are ready to face foreclosure, but there are options to stop those harassing phone calls and possibly keep your home. Is not easy but possible! You have to move fast, very fast. REMEMBER BANKS DON'T WANT YOUR HOME! THEY ARE IN THE LENDING BUSINESS NOT IN REAL ESTATE BUSINESS,BAD LOANS IMPAIRE THEM FROM GETTING FUNDS FROM THE MAJOR GOVERNMENT INSTITUTIONS TO LEND TO BORROWERS Forebearance, Note Modification, Refinancing, Partial Claim, Repayment Plan, Deed In Lieu of Foreclosure, Equity Sharing, Lease Option, Short Sales and ultimately Bankruptcy are some of the options available to you. Let's just talk about the three most applicable in today's economy. Short SaleIs the sale of secured real property that produces less than is owed the lender. Also called a short pay in that the lender releases its mortgage or trust deed so that the property can be sold free and clear to the new purchaser. In essence the lender decides to cut its losses by agreeing to a negotiated sale rather than experiencing the delay and the expense of a foreclosure action with the possible result of owning the asset and thus carrying a “REO” or Real Estate Owned, on its books. Short and sweet the bank will allow you to sell the house for less then what you owe them! F.H.A. bailout loan for homeowners (HOPE/H4H) PROGRAM The HOPE for Homeowners (H4H) program was created by Congress to help those at risk of default and foreclosure refinance into more affordable, sustainable loans. H4H is an additional mortgage option designed to keep borrowers in their homes. The program is effective from October 1, 2008 to September 30, 2011. If you are having trouble making your mortgage payments, HOPE for Homeowners may be able to help you, by refinancing your loan into a new 30-year fixed rate loan with lower payments. Loan Modification This goal is achieved by utilizing the existing mortgage company to refinance the loan by lowering the interest rate and/or extend the terms of the loan. Sometime the lender may be willing to reduce the amount owed to them in order to make the monthly payment more affordable to the borrower. This may allow the homeowner to catch up at a more affordable level if they qualify. Do any of these options fit you? If yes please fill out the form below to receive a free over the net package that will include all detail and qualifications necessary for each one of the programs or click the links below to receive each one individually! What is a short Sale and how to do it! The basic for HOPE/H4H in a snapshot All about Loan Modification |
