Stop Foreclosure

YOU HAVE OPTIONS!

If you have fallen behind on your mortgage, chances are it is now public information and you have received lots of interest from people who want to help you, and some that simply want to take advantage of your temporary misfortune.

Please be advised Real Estate Mitigators is not an attorney and this is not intended as legal advice. If you have certain questions regarding legal matters or options on which is better for you, please consult with an attorney in your county.

We encourage you not to do anything, until you understand your options!

Here are some of your options:

Sell Your Property
Depending on your situation, you may be able to Sell the property at fair market value and put your equity back in your pocket– where it belongs. Even if you are several months behind, we may be able to help you sell your home through creative strategies and avoid foreclosure!

A Short Sale
For the homeowners who owe more for their home than the home is worth, you can negotiate a discounted payoff with your mortgage company and sell the home for less than what you owe. Crazy, right! At no cost to you, we can negotiate with your lender on your behalf to get approved for a Short Sale. We do this everyday and here’s the best part, the lender nearly always pays all the sales costs including title and escrow fees, commissions and taxes and you get to avoid foreclosure!

Refinance
Refinance the property and pay off existing loans. We have loan sources for this type of loan, but the loans are very expensive and they normally require that the borrower have significant equity in the property. Nevertheless, refinancing is an option for some.

Negotiate a Forbearance Agreement
Negotiate a Forbearance Agreement with your mortgage company. For those borrowers who experienced a very temporary event that caused them to fall behind on their mortgage, a Forbearance Agreement with the lender is a good option. In most cases, the mortgage company is going to look for two things when considering a forbearance agreement.

First, why the loan became delinquent in the first place. It helps greatly if the problem was something beyond the control of the borrower – serious illness or injury, temporary disability or a one-time disruption in income.

Second, that the borrower’s financial difficulties have been corrected. The mortgage company wants to know that the borrower is now on a solid footing and can be counted upon to make regular loan payments as agreed. The new payment will probably include some amount to go to the delinquent amount.

Don’t Do Anything
Of course, you could just do nothing. Many go this route because the situation seems overwhelming. It is a heavy burden, but the consequences of a foreclosure are serious. Let’s at least consider potential solutions that help you avoid foreclosure.

We want to help you stay in your home as long as possible and help you stop your foreclosure, at no cost to you. All we ask from you is for your information below to get started immediately!