Preventing Foreclosure
Stop Foreclosure now and figure out your options. Most foreclosures happen due to circumstances beyond the home owner’s control like divorce, job loss, or health related issues. Whatever the reason, you need to control the foreclosure process and not let it control you!
We sponsor an event once a week with Foreclosure Prevention Network in South Jordan, Utah to help homeowners facing foreclosure explore all of their options!
For more information or to register CLICK HERE.
Here are some possible options:
Refinance
A) Your current mortgage may be part of the problem. Many people in the last 5 yrs have either obtained INTEREST ONLY or ADJUSTABLE RATE mortgages in which the payment now has increased to an unmanageable level. Shop for alternatives; mortgage rates and programs change daily.
Negotiate with your Lender
B) If your credit is already damaged, or you owe more on your home than it is worth, refinancing may not be an option. Find out how much you currently owe and what the lender will take to suspend the foreclosure process. Contrary to what you may think, the lender really does not want your house. A Loan Modification Specialist can help you get a modified payment that fits your family’s budget and will allow you to stay in your home. Not all home owners qualify, but for those who do, this may be a great option.
Sell the Home
C) If you have already attempted Loan Modification and think that you will not be able to keep the house it is better to sell it than to have it Foreclosed by the lender. In recent years, property values have taken a serious hit. If you still have equity in your home, acting fast and pricing your home right will allow you to put that money back in your pocket. If you owe more than your home is worth, negotiating a ”Short Sale” may be your best option. Short Sale means the lender may actually allow the home to be sold for less than what is owed on the property. I also work with some investors who are willing to purchase homes in short sale and rent them back to the seller. This is on a case by case basis and not all homes qualify.
No Pressure Approach
I understand what it is like to be in jeopardy of loosing your home. I am happy to sit down with you to discuss your options, and answer any questions. There is never any pressure from me. My goal is to always do the right thing for the client. Because of this, most of my business comes from referrals and past clients.
There are so many companies out there that pray on families in unfortunate circumstances. I have carefully screened the companies I work with to help families in your situation. I work with multiple organizations that offer different options to meet differing needs based on your particular situation, including Loan Modification, Legal Action to stop Foreclosure, Short Sales, and Loss Mitigation. I will explain the options available to you and allow you to make the choice that is right for you.