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Stop
Foreclosure Stay in your Home and Save your Credit
Our objective is to provide homeowners with solutions that they may not be aware of: options and choices for debt relief, stopping foreclosure and saving their home. The goal is to work out an agreement between the homeowner and the lender that will stop foreclosure proceedings permanently. This allows the homeowner to stay in their home and protects their credit history. If you are only a payment or two behind and your lender has not hired an attorney to begin foreclosure proceedings you may be able to negotiate an agreement yourself. Time is not on your side right now. If you don't have something worked out within 1-2 weeks, you should get in touch with a HUD-approved councelling agency that can use formal business and legal protocols to your advantage.We will make an offer on the property when the only option left to stop foreclosure is to sell. Various purchase options will be explained to see which one will have a win-win outcome including lease-options, short sales, owner financing and other purchase plans. Different ways to stop foreclosure Every lender has different policies and not all loans qualify for every solution. Partial Claim Your lender may be able to help you get a one time payment from the FHA- Insurance fund to bring your mortgage current. You would have to pay it back but it is interest free. LOAN
MODIFICATION
If you can prove that you can continue paying off your mortgage and are only a few monthes behind then your lender may approve a repayment plan where you pay a little more each month until you're caught up.
If you can show that your situation is not your fault and is only temporary your lender may reduce or suspend your payments for a short time putting the missed payments on the back of the mortgage. Short SaleIf the only way to avoid foreclosure is to sell the property then the lender may be able to accommodate us with a short payoff. (more info) DEED-IN-LIEU OF FORECLOSUREIf you just can't make any more payments and cannot find a buyer for your property the lender may accept your property instead of foreclosing. There can be no other leins or mortgages on the property and your lender may put the transaction on your credit report which is just as bad as being foreclosed on. Other Arizona Revised Statutes 46-241.01 - Short-term crisis services. Quick Sale Contact Us |