Options & Solutions To My Foreclosure?

Are you facing foreclosure and looking for answers? Let's take a look at a couple of factors here. First and foremost remember that LIFE happens. As we attempt to keep up with our responsibilities in this debt happy economy we are faced with the realization that unexpected events will occur. Job loss, the loss of a loved one, illness in the family, a car repair or home repair are common reasons that can put a family in financial straits. We all have financial hardships at some time or another in our lives. What is important to remember in a time like this is that you are NOT the only one.

Remember that many families go through LIFE everyday. However, what tends to happen, families become ashamed and embarrassed that they have found themselves in this position. Foreclosure is not something you want to broadcast on the mountain tops. We know this because our family has been there as well. However, putting your head in the sand is not going to make the problem go away. It is very important for you to understand that a lender is a "business" and part of their business is to protect their investors. This doesn't mean they WILL NOT work with you but they will be difficult.

I have personally worked with many clients who have done just that. Attempted to work with their lenders. The lenders did work with them in most cases but it was blatantly obvious who they were more concerned with protecting. Many homeowners get a common run of the mill 50% down and a 3 month payment plan. This is common practice. They are allowing the homeowner the option of actually catching up so initially the homeowners look at this as a fantastic deal. They will jump on it at first glance. Now let me ask you a perplexing question: Do you think that a homeowner with a common $1,500 mortgage payment that is 4 months behind can afford to put a minimum of $3,000 down and and then pay a $2,500 mortgage payment for the next three months? Maybe. But the likelihood of that being comfortable and sometimes even feasible is usually not the case.

That also doesn't mean your situation is hopeless. The worst thing you can do for yourself and your family is give up now.

Let's analyze where the problem started. Whatever your hardship was, you have now fallen behind. Once you reach a certain number of months behind the lender WILL NOT take partial payments. They will either take your payment and apply this to interest, not reflecting on your arrearages, or they will send this payment back. Where do you start once you have gotten over your hardship? You immediately need to become proactive. Contact your lender and let them know you are doing everything you can to rectify the situation and that "YOU WANT TO STAY IN YOUR HOME. This is the very first step. The next step to determine is what course of action you are going to take to resolve your arrearages. You CAN work directly with your bank or lender. Don't let anyone tell you different! HOWEVER, you asked a professional to step in when you bought your home and in most cases it is only fair to ask one to SAVE it.

Now your question should be - If I can work with the lender myself why do I need a professional. Let's go over some of your options when trying to resolve a foreclosure situation.

• Repayment Plans
• Loan Modifications
• Forebearance Agreements
• Reinstatement of Loan
• Partial Claim (Only Available with FHA and meeting qualifying criteria)
• Deed-In-Lieu of Foreclosure
• Short Sale/Pre Foreclosure Sale
• Refinance your Loan
• Lease Option

Are you ready for the TRUTH?

Ask yourself the following questions:

Question 1: How many lenders have you spoken with in the past week?

Question 2: How many of the above listed programs are you well writ in as far as determining qualifying criteria?

Question 3: How many HOURS do you have to sit on the phone in one day on hold or faxing papers back and forth?

Question 4: How many loans have you been able to get a workout on in the past week?

Question 5:Do you truly trust your knowledge in the foreclosure/loss mitigation field enough to SAVE YOUR HOME?

Question 6:How many friends or family do you know that have extensive knowledge of foreclosures and loss mitigation?

Question 7:How important is your home to both your family and you?

What do you do now?CALL US! We help homeowners everyday understand their situation, know their options and make an informed decision about what steps to take next.

We don't claim to have all the answers but we will work our hearts out for you because we have been where you are now. Three years ago my husband and I had our second daughter. After birth she was immediately sent to the ICU for newborns and we spent 3 weeks out of work spending countless hours at the hospital. After bringing her home we realized how far behind we had allowed ourselves to get with being out of work. Our first instinct was to pay the utilities and phone and then try to work on the mortgage. We weren't poor but we were living almost paycheck to paycheck. Losing 4 full weeks of work set us quite a bit behind. When we called our mortgage company I spoke to a woman with less heart than I thought possible. Her answer to me was, "Honey I realize you just had a baby but that is not telling me when you are going to get your mortgage caught up. Call us when you get back to work." I looked at my husband and just cried. We pulled out okay by putting together the little bit of savings we had and borrowed money from family and paid our mortgage. We stayed just behind for about 6 months because of 1 month's missed work. We understand how LIFE happens. It has happened to us!

We decided then that whatever field of work we chose it was going to be helping others. When I found Freedom Foreclosure Prevention Services I was elated. This was the missing link for our clients. They have 15+ years of experience in the loss mitigation industry and work strictly for YOU! They pride themselves on an outstanding track record and ethics that set them apart from the rest. The passion to get workouts for homeowners that WORK for the homeowner is evident with every single case that is handled here.

Your next step is to find out what your options are. You can do that by simply completing a short form that has no cost or obligation attached, and will be sent to US!

We will review your application and call you to get comprehensive information and do a qualification analysis to see how the company can help you.

Did you know that more home owners went through foreclosure in 2006 than any other year, setting a new record of foreclosure filings? Don't be another statistic! You CAN do something about it!

CLICK HERE TO
STOP YOUR FORECLOSURE NOW!

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