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- Loss of Job
- Health Problems
- Adjustment in your Mortgage Rate
These are just a few of the reasons why you may be in the current situation
Don't feel overwhelmed. It's not helpless. We can help.
Foreclosure Prevention Options
Forbearance Agreement:
An agreement between the borrower and the lender whereby the latter party agrees to reduce or postpone payments in a
hardship case.
Loan Modification:
A form of refinancing a delinquent mortgage by changing one or more terms of the mortgage to help the borrower and avoid
a foreclosure.
Repayment Plan:
A written and signed agreement between the creditor and the borrower, whereby the creditor allows the borrower to spread
his delinquent mortgage payments over a period of time.
Partial Claim (FHA Mortgages only):
Placing your past due payments into a subordinate mortgage (2nd mortgage) between you and the Secretary of Housing
Urban Development. The partial claim note will require you to start making payments when you pay off the first mortgage.
Foreclosure Prevention Services
- Are you behind on your mortgage payments?
- Has your lender threatened to foreclose on your property?
- Have you been unable to make payment arrangements with your lender to cure your delinquency?
If you answered “yes” to one or more of the questions above, WE CAN HELP YOU. We will negotiate with your lender to stop your foreclosure.
Because we work with all lenders regularly, we know how to present your situation to them to get the best solution for you. There are several options available through your lender. We will work diligently to get the best plan for your situation.
Foreclosure Prevention Fees
Most Foreclosure Prevention companies will charge you anywhere from $1250 to $7500- FOR THE SAME EXACT SERVICE. They charge on a sliding scale based on what your income is or what your mortgage payment is.
Why? They are in it for the money. They are not really in business to help you.
We charge every one the same fee- it doesn’t matter how much money you make or what your mortgage payment is per month. Our fee is based on the time that goes into your case.
$1,000* If your house does not yet have a foreclosure sale date attached
$1,250* If your house does have a foreclosure sale date attached
Our fee is higher if your house does have a foreclosure sale date attached because we have to do more work, more quickly to ensure that we are able to stop the sale.
We will not charge you “back-end” fees, “reinstatement” fees, or any other hidden fees.
* Customers in escrow states pay a sub-escrow fee directly to the escrow company (usually between $100 to $150). Ask our Loss Mitigation Counselors for specific fees in your state.