Make sure to read this if you're currently facing foreclosure or about to be behind on your home loan payments. Putting up a proper defense to stop the foreclosure process could be what determines whether or not you get to stay in your home. There are different options that are available which include forbearance agreements, reinstatement plans, and loan modifications. We'll find out which one is
best for you. We've found that the following options, are usually the most common available:
1. Attempt to negotiate a reinstatement of your mortgage with the lender.
2. Although we're not able to help with the filing, we'll advise on whether bankruptcy is the best option to stop the foreclosure process.
3. Although not the most popular option, selling the property might be one.
4. One that we really don't believe is an option is turning the property over to the loan company and get penalized with fees and even more negative equity.
5. What we consider to be the very best option is for you to call so we can use the techniques that we've used successfully many times against the mortgage companies to save our past clients homes. We don't have any type of fee for this consultation and we'll lay out the facts for you even if you don't decide to hire us.
