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Foreclosure Info |
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With the current state of the California housing market, there are many homeowners finding themselves facing difficult Real Estate investment decisions.
Has your ARM (adjustable rate mortgage) drastically increased your payments?
Do you owe more on your home than it is currently worth?
Have you fallen on hard times because of a financial crisis such as loss of employment or medical problems?
The U.S. Loan Assistance Center can negotiate the following solutions on your behalf.
1. Refinance Options or Equity Loans. Our association with thousands of private investors nationwide allows us to provide relief to homeowners current or behind on payments. Even homeowners facing foreclosure can benefit from our resources! You may be able to lower your monthly payments, reduce payoff amounts, and improve credit ratings. Private investors can even help you in Bankruptcy.
2. Forbearance Agreement. Depending on your exact situation, your lender may be required to offer you a solution to repay your missed payments and avoid foreclosure with a Mortgage Forbearance Agreement. These special repayment plans are called Mortgage Forbearance Agreements and you can request and negotiate this type of payment plan from your lender's Loss Mitigation department or the Mortgage Forbearance Agreement Department. A special mortgage forbearance agreement is a written repayment agreement between a lender and a mortgagor that contains a plan to reinstate a foreclosure loan that is a minimum of three payments past due and unpaid. If you qualify for a Special Mortgage Forbearance agreement. Please call us so we can share informaiton about how these payments work.
The most popular is a Loan Modification. Depending on your exact situation, your lender may consider a mortgage modification. With a mortgage modification, it's possible to rewrite your existing Mortgage. This will make your new monthly payment affordable and allow you to build the missed payments into the new renegotiated 30 or 40 year loan. A mortgage modification makes it much easier for you make your monthly payments and easily catches you up on your missed payment as in some cases teh lender will add this to the back of the loan and build it into the Loan Modification terms. Not all lenders will offer a mortgage modification, however, some lenders have their own modification programs in house which makes it is one of the easiest and fastest ways to stop foreclosure and get back on track with your payments.
Short sale/Payoff modification. By offering lenders a lower payoff amount, we may be able to create an opportunity to short sell your home, making it more attractive to investors thereby improving your chances of obtain a refinance or selling the property.
Deed in Lieu of Foreclosure. A deed in lieu of foreclosure is usually considered the last resort to stop foreclosure. Your lender may allow you to voluntarily "give back" your property to them. You would offer the deed to your property in Lieu of foreclosure. This won't save your home, and it may not help you improve your credit over time. A deed in lieu of foreclosure is only one step better than foreclosure, but should be considered as a last resort if you are unable to refinance, Short Sell, or qualify for a repayment or Loan Modification Plan.
Cash for Keys. A "cash for keys" option is something your lender may offer after the foreclosure process has completed the auction process. If you have exhausted all of your options and saving your home is no longer possible, your lender may offer you a fee to walk away from the home peacefully. This is something that will need to be negotiated. In general, lenders will offer a very small amount if you are willing to walk away quickly and peacefully. Many homeowners report receiving these types of offers throughout the foreclosure process. However, depending on the circumstances, accepting a cash for keys offer should only be considered after all other efforts have failed including but not limited to Loan Modification Short Sale, or Forebearance.
7. Property Management. If walking away from your home is not the best idea you may be able to obtain a tenant using our network of property management companies. This can insure a comfortable transition for you and your family while keeping your home. Our ability in finding a rental property to move into after the sale has closed. Many Landlords will be willing to give prospective Tenants a second chance and it will allow you to stay within the same neighborhood and school district making moving from your home easier to bear. This in addition to not having to go through any uncomfortable or embarrassing conversations while trying to negotiate favorable rental terms for a new rental agreement with imperfect credit makes our service even more beneficial.
As you can see... there are many alternatives to homeowners in default or foreclosure and even some silver linings that can quickly help your family to recover from a difficult financial situation. Let The U.S Loan Assistance Center help you get back on track. Our experienced team of loss prevention and mitigation experts will immediately devise and negotiate a solution that will satisfy both you and your lender. Using our proven system we have helped thousands of homeowners re-establish themselves financially. With up to the minute tracking that helps you chart your mitigations progress with your lenders as well as 24 hour agent access to discuss the potential solutions to your questions and concerns immediately. THE PLATINUM GROUP HAS MORE DETAILED INFORMATION!!
CALL US AT: (714) 585-8697 Ask for Alan Cirson - REALTOR
Take advantage of our IN HOUSE LENDERS with NEW LARGER CONFORMING LOAN LIMITS & LOWER INTEREST RATES Also available now FHA with Low Down Payment for First Time Home Buyer Opportunities! We also have a Teachers program. Plus programs specific to Public servants such as Policemen and Firemen.
TO APPLY TODAY GO to: www.MyREOHomeSellers.com
Call US if you are interested in finding out more on how to purchase OUR non performing ASSETS & REO PROPERTY at great PRICES for long term or short term INVESTMENT! ALL CASH BUYER calls ONLY PLEASE!
Call US at THE PLATINUM GROUP for all available LOAN OPTIONS!
LOAN MODIFICATIONS are still available!! Ask for ALAN for more information regarding a HOME LOAN MODIFICATION.
CALL for COMMERCIAL INVESTMENT PROPERTY (949) 929-2726
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