Some Quick Info to help you understand Short Sale, Loan Modification and Forclosure. ( "Fast Read" the underlined text first....and then go back and read it all.)
A "Short Sale" is the process in which the Bank or Mortgage Holder (Think Mortgage Company) will allow the house to be sold for LESS than the actual balance. You might owe $100,000 on a property and you MUST sell !!!... But because of the market houses like yours are selling for only $80,000. With our skill and experience we can get the Bank / mortgage company to accept the $80,000 as a full payoff. Because of your situation and the realities of the marketplace it may actually be "IN THEIR BEST INTEREST" to accept something less than "Full Balance" as a payoff.... but it takes the right skill and experience to get the banks to agree to a deal..... or rather.... to agree to a deal that is FAIR FOR YOU !!!
That's why you NEED to Contact US !!!! Please complete the form Below and we will be in touch ASAP !!!
A "Loan Modification" is a way to change the terms of your Mortgage. The current reality is that there are MANY GOOD People who for good honest reasons can not make ALL of their mortgage payment anymore. Layoffs, Health, Divorce....... But they COULD PAY SOME !!!... and if they could only talk with someone at the bank..... If there was just a way to work something out.... well there IS a way!!! Banks have a process through which they will adjust your interest rate down to lower your mortgage payment and they will even "Forgive Some of the Balance".... "Forgive" .... as in to agree wipe out some of the balance....." Although You owe $100k and you can no longer make all of your mortgage payment, the most that your house would sell for is $75K but you would prefer to work out a deal so that you can pay what you can afford.... so the bank agrees to reduce your interest RATE and then they might also agree to change your balance from $100K to $80K. They wipe away $20K of the Balance because they understand that it is better to get payments for an $80k mortgage than to get NO PAYMENTS AT ALL ON THE $100K MORTGAGE and then have to Foreclose, fix the property up to make it sellabale, and incurr a LOT of expenses along the way.
BUT !!!! As much sense as this would seem, while banks are "Authorized to Approve a Loan Mod....." They STILL WON'T DO IT ANYWAY!!!! Why? Go to our discussion board to read about it!.... But we can help them "see the light" and approve your loan adjustment. We have the skill, the experience.... and the Lawyers if required to get the bank to do what really makes sense.....for everybody.
Please Complete the form and provide AS MUCH INFO AS YOU CAN. We will get in touch with you ASAP.
A Foreclosure Process ...............can look different depending on YOUR State's Laws.
In "VERY SHORT".... a Mortgage is a "Contract" usually between someone who wants to buy a house (A buyer) and someone with the money to help buy the house (A lender).... They agree "The person with the money will buy the house "FOR" the person that wants it", and then they agree that as long as the buyer makes the payments agreed to... to the lender.... all is good. But in the agreement it will also say that if the buyer doesn't make the payments... the lender can take the house, so that the lender can resell the house to get their money back. This is a "Mortgage Contract" or a "Note".... So when a buyer stops making the payments, then the lender can start a "Lawsuit" (Because the buyer isn't performing per the agreements in the contract,) as part of the legal process to get "Their" property and we call this process the Foreclosure.... BUT the process can be very different from state to state. So make sure that you are working with an expert who KNOWS how the process works IN YOUR STATE.
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