What is a mortgage default?

A mortgage is considered to be in default when one or more monthly payments have been missed.

What solutions are available if I am in default on my mortgage payments?

You may qualify for a broad range of help. Some solutions are:

• Short Sale/Payoff
• Forbearance Agreement
• Loan Modification
• Deed in Lieu of Foreclosure

What is a Short Sale/Payoff?

Short Sales occur when borrowers sell their properties for amounts that are less than the amounts owed to the lender.

How do I qualify for assistance?

Borrowers need to prove that they are experiencing a substantial financial hardship.

What is a "Hardship"?

A hardship is a situation that has a life changing effect for the borrower that results in an in-ability to pay the mortgage debt in either, short or long term. Some examples are:

• Separation or Divorce
• Medical Bills
• Inability to work due to health reasons
• Death of Spouse
• Job Relocation
• Reduced Income or Unemployment
• Business Failure
  

How do I apply for help?

Contact us and let us consult with you about the best option available.

How do I qualify for a Short Sale?

A borrower must prove that a hardship exists. The lender must be willing to accept the short sale proceeds as full settlement of the debt.

What is required from the property owner?

The property owner must:

• Sign a listing agreement with a Realtor
• List the property for sale
• Cooperate with access, showings, offers and with the Realtor
• Vacate the home following close of title
• Agree not to finance or otherwise encumber the property
• Be responsible to maintain the home in "show" condition
• Be responsible for minor repairs to the home
• Be a responsible homeowner until close of title and vacancy of home.

Can any Real Estate Agent assist me in selling my home in a short sale situation?

Possibly, but usually you have only one shot to succeed in a short sale transaction, it is therefore highly recommended you work with a company experienced in short sale negotiations that can properly represent you and is specialized in this field. We would love the opportunity to help you with this.

How do I find a proper broker/agent?

We have qualified Real Estate Agents that can be assigned to you for assistance; if you're not happy with our choice, we'll provide a replacement at no cost to you.

How can you help me?

The following is a partial list of our services:

• Assistance to avoid foreclosure and eviction
• Help to minimize credit damages
• Counsel you through the process
• Act as the liaison between you and the lender to ensure all parties work together toward a successful Solution

How much do you charge for your services?

Our Services won't cost you a penny! We don't charge upfront or on the back end; our fees are paid upon successful negotiation and sale of your property by your lender(s) and buyers.