With the current state of the US housing market, many homeowners find themselves facing difficult 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/ Private Lender Access. Our association with thousands of private investors nationwide allows us to provide relief to homeowners behind on payments. Even homeowners facing foreclosure can benefit from our resources; lower their monthly payments, reduce payoff amounts, and improve credit ratings. Private investors can even help after a sheriffs sale and after the redemption period.
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 "Special Mortgage Forbearance Agreements" and we 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 due and unpaid. If you qualify for a Special Mortgage Forbearance agreement, you may be allowed to postpone monthly mortgage payments for a minimum of four months. While there is no limit on the maximum number of months for a mortgage forbearance agreement, at no time may the agreement allow the delinquency to exceed the equivalent of 12 monthly payments.
3. Loan Modification. Depending on your exact situation, your lender may consider a mortgage modification. With a mortgage modification, it's possible to refinance the debt and/or extend the term of your original mortgage loan. This will make your new monthly payment affordable and allow you to build the missed payments into the new 30 year loan. A mortgage modification makes it much easier for you make your monthly payments and easily catches you up on your missed payments. Not all lenders will offer a mortgage modification, however, it is one of the easiest and fastest ways to stop foreclosure and get back on track with your payments.
4. Short sale/Payoff modification. By offering lenders a lower payoff amount, we may be able to create additional equity in your home, making it more attractive to investors thereby improving your chances of obtain a refinance or selling the property.
5. 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, but it is less damaging to your credit and will help you in the long run as an alternative to going through the whole foreclosure process. 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, sell, or qualify for a repayment or mitigation plan.
6. Cash for Keys. A "cash for keys" option is something your lender may offer after the foreclosure process is complete. 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 about 1% of your home's value 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.
7. Property Management. If walking away from your home is the "best" or "only" option; if we are unable to negotiate a Forbearance Agreement, Loan Modification or Short Sale; our network of property management companies across the country can insure a comfortable transition for you and your family. Our ability in finding comparable rental properties within the same neighborhood and school district make 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 with imperfect credit makes our service even more beneficial.
As you can see... there are many alternatives to foreclosure and even some silver linings that can quickly help your family recover from a difficult situation. Let The U.S Loan Assistance Center help you get back on track. Our experienced team of 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 as well as 24 hour agent access to answer your questions immediately, we've got you covered. 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 First Time Buyer Opportunities!
TO APPLY TODAY GO to: www.PLATINUMHOMEOWNERS.com
Call US if you are interested in finding out more on how to purchase OUR REO PROPERTY at great PRICES for INVESTMENT! Serious BUYER calls ONLY PLEASE!!
Call US at THE PLATINUM GROUP for all LOAN OPTIONS information!
LOAN MODIFICATIONS are now available!! Ask for ALAN for more information regarding EASY HOME LOAN MODIFICATIONS!!
WE HAVE GREAT COMMERCIAL INVESTMENT PROPERTY MORTGAGE RATES with a LOW Down Payments & LOW FIXED RATES from private lenders.
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