Facing Foreclosure? We can help.

Get help now - click here!

As a homeowner you can benefit from our loss mitigation services because you may be relieved of the mortgage obligation or another resolution may be created that is financially sustainable to you. If you are facing foreclosure, don’t delay because time is of the essence. If your home is in pre-foreclosure or foreclosure, there are still many options available that may stop you and your family from losing your home. It is critical that you contact us immediately to keep your options available and increase your chances of avoiding foreclosure.

Immediate foreclosure places a heavy financial burden on the lender. Loss mitigation allows lenders to avoid a greater loss in the future by taking a lesser loss right now. There are several kinds of loss mitigation, including:

• Loan modification. Common loan modifications include: lower interest rate, reduction in principal balance, increasing the loan terms, and forgiveness of payment defaults and fees.
• Short sale. When a homeowner owes more on their mortgage than the value of the property, they cannot sell their home. By negotiating with the lender to reduce the principal balance of a homeowner’s mortgage, the homeowner is able to sell the home at its actual market value.
• Short refinance. This is a process in which a lender reduces the principal balance of a homeowner’s mortgage to enable them to refinance with another lender.
• Deed in Lieu (DIL) of foreclosure. If you have been unable to make timely monthly mortgage payments and have also been unsuccessful at selling your home at market value, you may want to consider this option. This procedure will not save your home but it does help you avoid the legal foreclosure process and increase your chances of obtaining a mortgage loan in the future. This procedure allows you to voluntarily deed your property to your lender in exchange for a release from all mortgage obligations.
• Cash-for-keys negotiation. This is similar to a DIL except that the lender will pay the homeowner to vacate their home in a timely manner, provided they do not destroy the property. In this case the lender avoids additional expenses incurred when forcibly evicting a homeowner.