Life happens

IF you are 3-4 months behind in your mortgage payments,  foreclosure proceedings have more than likely begun.    

One of the first things you should start is an application for a  LOAN MODIFICATION through your lender.   DO NOT WAIT to begin this process. 

It can take months to complete- which is variable based upon who your lender is.

We recommend also implementing a "PLAN B" so in case you are not approved in time, to prevent your home from going to the auction.   You can do choose any of the following options while you are waiting for the final word on approval of the loan modification.  

PLAN B OPTIONS:

You can SELL YOUR HOUSE the TRADITIONAL way.  This is typically a 4-6 month process.  You will need to go through  inspections, repairs, an appraisal and then you will have to allow for home showings until you get the offer that you need.  

You can SELL YOUR HOUSE  to an INVESTOR - Investors typically offer 70% of the property value - repairs.  They pay quickly and pay with cash.  If you have enough equity in your home, this is an excellent option because you can AVOID REPAIRS, AVOID THE STRESS of having to show the house and walk away with a FRESH START. 

There is another EXCELLENT option which is not as well known, you can allow someone to ASSUME your MORTGAGE and bring the mortgage CURRENT.  All of the back payments, penalties and taxes are PAID IN FULL and this REINSTATES your loan.  This IMMEDIATELY  IMPROVES YOUR CREDIT SCORE and all of the payments will be made on time going forward.  

One LAST OPTION is BANKRUPTCY.  This will stop a foreclosure in its tracks.  But of course there is an additional out of pocket cost for this and it also has serious ramifications on your personal credit. 

WE CAN HELP you with ALL of these strategies.  TAKE ACTION NOW! Foreclosure is a serious process  and it is the atomic bomb of credit.  It is a major blow to your FICA score and it can take 7-10 years to rebuild. 

DO NOT WAIT - Call US Today!  210-944-4097