|
Your Options
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!
Loan Modification: |
Pros:
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Keep your home!
-
Lower your interest rate
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Stop the foreclosure
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Back payments go away
- Credit back on track
|
Cons:
- NONE! This is the BEST method for successfully keeping your home!
|
 Click
here to learn more about Loan Modifications
Refinancing: |
Pros:
|
Cons:
-
Back payments prevent a refinance
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Higher interest rate which means higher
payment
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Mortgage broker may not get it done in time
|
Click
here to learn more about refinancing
| Negotiating a Workout or
Forbearance: |
Pros:
|
Cons:
-
Large down payment to lender
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Monthly payment can go up significantly
-
Still reflects on your credit
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1 missed payment and the lender can
foreclose
|
Click
here to learn more about a workout
| Sell Your House: |
Pros:
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Avoid the foreclosure
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No more continuing marks on your credit
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Fresh start
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Cash to start over
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Peace of mind
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It's all behind you
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We can buy your house before the
foreclosure, EVEN if you have no equity!
|
Cons:
|
Click
here to learn more about selling your house
| Bankruptcy: |
Pros:
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Postpones the foreclosure
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Stay in the house (temporarily)
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Possible payment arrangement
|
Cons:
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On your credit for many years
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Lender may still be able to foreclose - this
may only be a temporary fix
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Must pay an attorney
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Continued stress in your life
- Possible Bankruptcy AND Foreclosure on your credit!
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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.
| Sale with a leaseback/ option to buy: |
| We have been advised by our attorneys not to participate in
any program such as a buy/leaseback. There are very strict legal
guidelines that govern this type of transaction.
If someone
approaches you offering this type of remedy, PLEASE consult a
qualified real estate attorney before moving forward, or signing
any paperwork. |
If you are asked by any company to pay for any service - PLEASE do your research and make sure they are a reputable company! We've maintained an excellent track record for many years.
CLICK HERE to learn about services that we do provide and how we may be able to Stop
your Foreclosure FAST!
Submit a Fast Response Form CLICK HERE !
OR
Call 425-557-1098
There are MANY solutions available! Contact us NOW for answers. |
