Save Your Home
Home Retention USA Can Save Your Home From Foreclosure... 100% Guaranteed! At Home Retention USA, we are committed to assisting you with keeping your home. We will act on your behalf and negotiate with your lender. Whether your goal is to stay in your home or simply get out of it without going through foreclosure... We are here to help.
We will negotiate with your lender to stop your foreclosure, so you don't have to! Because we know and work with all lenders regularly, they are very receptive to us and our clients. We know how to present your situation to them so that you end up with the best solution. Below is just a short list of the most common ways to stop foreclosure:
Reinstatement Plan
Repayment Plan
Loan Modification
Loan Restructuring
Loan Refinance
Forbearance Agreement
Redemptions
Partial Claim
Pre-Foreclosure Sale
Short Sale
Deed-in-Lieu of Foreclosure
Find the Time With Home Retention USA
When a family is dealing with a foreclosure sometimes all they need is time. With Home Retention USA's knowledge of the industry and their great relationship with lenders, they can provide you with more time so you can save money. When working with Home Retention USA they will be your connection to the lender. Let Home Retention USA work with the lender to get you time so you can keep your home.
The United States has experienced a truly remarkable boom in the housing market over the last few years. Now that the market is undergoing a correction though, many families are in increased danger of losing their homes to foreclosure. While foreclosure may be a scary prospect, it's by no means inevitable if you're willing to allow us to work with your lending institution to come up with a solution that allows you to still make payments in the face of whatever kind of financial hardship you may have encountered.
Generally there are two types of things that your lender can do for you in order to help you through a tough spot so that you can keep your home and your credit score intact. In the short term, the lender can allow you to put off making payments or make payments at a reduced rate for a certain amount of time until you're back on your feet. This is a good tactic to use if you've been temporarily disabled by an injury or an illness. You will still have to pay a little more each month for a while afterward, but this process, which is called a forebearance, will allow you to recover from a mishap and keep your home. We can help stop foreclosure proceedings on your home.
Refinancing in foreclosure is not like normal refinancing. When you apply for a regular, or conventional mortgage refinance, the most important thing lender looks at when deciding whether or not to approve the loan is your credit and mortgage payment history. If you have not been more than 90 days late or behind on your mortgage payments, and your FICO credit score is above 500, conventional lenders will look at your refinance application and consider it. They may not approve it, but you'll at least get looked at. When you go beyond 90 days late on your mortgage payments, no conventional lender will review your application, no matter how much money you make or how much better your situation is now than when you fell behind. Once you are considered 120 days late or behind on the mortgage, or your credit score falls below 500, the conventional lending industry simply cannot take the risks of lending to you anymore. If you've been rejected for a loan during the foreclosure process, even before the notice of default was recorded, it is usually because you are over 90 to 120 days late or your credit score is under 500, or both.
You are now in a special situation, and banks don't like "special". They just aren't set up for "outside the box" financing, no matter how much sense it makes, so their response is to either deny your application, or in the case of the lender who holds the mortgage on your home which has fallen behind, they do the only thing they can, foreclose on the home and force its sale at auction to the highest bidder.
Another possibility is to modify your existing mortgage. With mortgage modification, we deal with your lender so that you and your lender can agree to a lower interest rate or a longer payback period. It's a lot like refinancing, but without having to get another lender involved.
The least favorable possibility, but one that's better than foreclosure, is to sell your house. If you really can't make the payments, and probably won't be able to make the payments for the foreseeable future even with refinancing or mortgage modification, we can ask your lender to suspend payments while you're actively trying to sell your house. Once the house is sold, the proceeds of the sale are used to pay off the lender. This is a much more satisfactory situation for the lender than foreclosure because the lender is likely to get more money out of it, and it's a better situation for you because your credit and dignity are preserved.
Regardless of the nature of your money problems there are a few things that you need to do. First, you should contact us and tell us about your situation as soon as possible. The next thing that you should do is start to cut out unnecessary expenses.
Cutting your spending is extremely important when it comes to showing your lender that you're serious about doing your part to keep your home. A lender will be much less likely to let you skip payments or give you a lower interest rate if it sees that you're continuing to spend money on cable TV, expensive restaurants, and luxury cars.
Perseverance and discipline are the keys to keeping your home away from foreclosure. Call our toll free number today and let Home Assure help you save your home from foreclosure.
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