Stop the Foreclosure Process and Gain a Fresh Start!
Don't let pride stand in the way of you acting to stop a pending foreclosure. Lenders do not want to foreclose on your property and most will work with the borrower to restructure payments.
The following are some basic rules to follow when facing foreclosure:
Rule #1: Contact your lender as soon as you know your payments will be late.
Rule #2: Never ignore the lender's letters or phone calls. Ignoring the problem won't make it go away.
Rule #3: Never assume your situation is hopeless.
When contacting the lender make sure that you have the following:
1) An explanation of your current financial circumstances.
2) Details about your current financial income.
3) A list of your household expenses.
Your lender will need to review this information before offering a solution to bring your loan up to date.
The housing market is changing so fast that it's hard for people to stay up on the latest changes on the local, state and federal levels. The result is that there's a lot of misinformation out there. Deciphering it can be confusing, costly, and time consuming. You don't want to make any mistakes.
We specialize in negotiating with lenders on behalf to those individuals facing foreclosure. We know the lender protocols and we are always abreast of any changes in policy. We will work hard to find a solution to meet your situation.