If you are facing problems making your mortgage payments, you can take action to help avoid losing your home to foreclosure. For lenders, foreclosure is the last resort – one they wish to avoid if at all possible.
Lenders may be open to other options – ones that help you avoid foreclosure and the drastic effect on your credit rating.
Options include modifying the loan to make it more affordable, or a short sale, where the lender sells your home for less than the balance of the loan. This has far less of an impact than a foreclosure on your credit report.
If you’ve missed payments – or received a preforeclosure letter – do not waste any time. Call me today. I have the knowledge and the experience to help you navigate the rough waters of today’s economy.
I cannot guarantee that I will be able to help you stay in your home. But I promise you that I will work with you to arrive at the best possible outcome for your particular circumstances.
Please visit these web sites below for information on loan modifications, short sales, and other prevention programs available to help homeowners who are having trouble making their mortgage payments.
Making Home Affordable The Home Affordable Refinance Program gives up to 4 to 5 million homeowners with loans owned or guaranteed by Fannie Mae or Freddie Mac an opportunity to refinance into more affordable monthly payments.
HOPE NOW HOPE NOW is an alliance between HUD approved counseling agents, mortgage companies, investors and other mortgage market participants that provides free foreclosure prevention assistance.
NeighborWorks - Center for Foreclosure Solutions The NeighborWorks Center for Foreclosure Solutions, an initiative of NeighborWorks America, was created to preserve homeownership in the face of rising foreclosure rates.
Homeownership Preservation Federation The Homeownership Preservation Federation strives to To develop innovative solutions for preserving and expanding homeownership by partnering with consumers, policy makers and the mortgage lending industry.
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