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With the current state of the California Housing & Finance Markets, there are many homeowners finding themselves facing difficult Real Estate Investment decisions. Do you know if your OPTION ARM (adjustable rate mortgage) is going to adjust upward in payments?
Do you owe more on your home than its currently valued or worth?
Have you fallen on hard times because of a financial crisis such as loss of employment, medical problems, income reduced, death, divorce, Business failure, or new expenses making it hard to keep up with your Monthly Mortgage Debt? The USLAC Center can negotiate the following solutions on your behalf. Please allows us to provide assitance to homeowners behind on payments. Even homeowners facing foreclosure can benefit from our Industry 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 with loans if you have some equity in your home.
2. Forbearance Agreement. Depending on your exact situation, your lender may be required by the US government 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 usually 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. If you qualify for a Special Mortgage Forbearance agreement. Please call us so we can share informaiton about how these payments can work for you.
The most popular way to help in TODAYS ECONOMY 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 permanently affordable and allow you to build the missed payments into the new renegotiated 30 year loan. A mortgage modification makes it much easier for you to make your monthly payments & easily catch you up on your missed payment as in some cases the 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 this tricky. But it could be one of the easiest and fastest ways to stop foreclosure and get back on track with your payments.
Short sale or Short Refinance Payoff. By offering lenders a lower payoff amount, may be able to create an opportunity to short sell your home, making it more attractive to investors thereby improving your chances of obtaining a mortgage loan refinance or help selling the property in the current distressed real estate market.
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 rating 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 been completed in the auction process. If you have exhausted all of your options in saving your home It is 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, Forebearance, or Bankruptcy.
7. Property Management. If walking away from your home is not the best idea you may be able to obtain a new rental tenant using our property management company. 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 is also another service we offer. 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 USLAC 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 systems and methods we have helped hundreds 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 is 203K FHA with Low Down Payment for First Time Home Buyer fixer upper Opportunities! We also have a Fireman Police Offer & California Teachers program. Programs specific to Public servants such as Policemen and Firemen.
Call US if you are interested in finding out more on how to purchase BANK COMMERCIAL ASSETS & REO PROPERTY at great price.
THESE ARE GREAT A INVESTMENT! Also we have several last minute Opportunities where if we have a CASH BUYER they can close quickly & pick up some great investments at the same time!
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 |
