Let's get back up and try again.
My goal is to successfully help you negotiate a modification of your loan so that you keep your property and limit the damage to your credit.
Stop Foreclosure
You have a serious problem and only a short time to overcome the real possibility of losing your property.
Let's discuss your situation and review possible solutions, and what do I ask in return? That you simply help someone else in their time of need when they can not pay for your services.
My help is not intended to constitute the giving of legal advice. You are urged to discuss your legal options and alternatives to foreclosure with an attorney licensed to practice law in your state, if you choose. I do not and cannot give legal advice.
Loan Modification Plans
LOAN MODIFICATION - 99% of all "A" type lenders and 70% of sub-prime lenders (with high interest rates) will package a loan modification where most of the delinquent payments and foreclosure fees are added onto the principal balance of the loan. Payments can remain approximately the same. In some cases the interest rate will be reduced permanently.
FORBEARANCE PROGRAMS - Typically 30% of sub-prime lenders (with high interest rates) will only offer a workout program that requires you to immediately pay at least 20% or more of the total delinquencies including foreclosure fees, plus the balance of the delinquency will be added to their regular monthly payments over a period of 6-to-48 months. Forbearance plans do not remove a foreclosure action but simply stop it in place until the loan is paid current.
FORBEARANCE PROGRAMS OFTEN FAIL IF THE LENDER IS NOT FORCED TO CONSIDER THE FINANCIAL ABILITY OF THE BORROWER TO PAY. WE REQUIRE THEM TO CONSIDER YOUR ABILITY TO PAY IN OUR FORBEARANCE PROPOSALS.
****Payment Rate and or Interest Rate Note Reduction****
Increased interest rates on home loans have made it impossible for many homeowners to pay their mortgage payments, triggering mortgage defaults.
Remember, if a bank is forced to foreclose, they will lose money, because the property will resell for less than market value, and oftentimes, less than the amount owed to them on the foreclosed loan. Costs of holding the property and eventual sales costs add to their losses. If a bankable solution can be achieved, that is their preferred outcome as well.
A rate reduction, sometimes coupled with a substantial reduction in loan principal balance is the only possibility for a homeowner to retain their home while giving the bank a ‘face-saving’ alternative to costly foreclosure.
Deed in Lieu of Foreclosure
Under some conditions lenders will accept the property back from the borrower as full payment in order to save the time and expense of foreclosure. Negotiating these arrangements are complex, as they involve assessments of current and future value, plus current market conditions in addition to proving the inability of the homeowner to either pay the mortgage or sell the property.
Let's make the world a better place together
When Hope 911 and Hope Now Fail, guess what? it's not neccessarily over...
You have a serious problem and only a short time to overcome the real possibility of losing your property.
Let's discuss your situation and review possible solutions, and what do I ask in return? That you simply help someone else in their time of need when they can not pay for your services.
My help is not intended to constitute the giving of legal advice. You are urged to discuss your legal options and alternatives to foreclosure with an attorney licensed to practice law in your state, if you choose. I do not and cannot give legal advice.
Loan Modification Plans
LOAN MODIFICATION - 99% of all "A" type lenders and 70% of sub-prime lenders (with high interest rates) will package a loan modification where most of the delinquent payments and foreclosure fees are added onto the principal balance of the loan. Payments can remain approximately the same. In some cases the interest rate will be reduced permanently.
FORBEARANCE PROGRAMS - Typically 30% of sub-prime lenders (with high interest rates) will only offer a workout program that requires you to immediately pay at least 20% or more of the total delinquencies including foreclosure fees, plus the balance of the delinquency will be added to their regular monthly payments over a period of 6-to-48 months. Forbearance plans do not remove a foreclosure action but simply stop it in place until the loan is paid current.
FORBEARANCE PROGRAMS OFTEN FAIL IF THE LENDER IS NOT FORCED TO CONSIDER THE FINANCIAL ABILITY OF THE BORROWER TO PAY. WE REQUIRE THEM TO CONSIDER YOUR ABILITY TO PAY IN OUR FORBEARANCE PROPOSALS.
****Payment Rate and or Interest Rate Note Reduction****
Increased interest rates on home loans have made it impossible for many homeowners to pay their mortgage payments, triggering mortgage defaults.
Remember, if a bank is forced to foreclose, they will lose money, because the property will resell for less than market value, and oftentimes, less than the amount owed to them on the foreclosed loan. Costs of holding the property and eventual sales costs add to their losses. If a bankable solution can be achieved, that is their preferred outcome as well.
A rate reduction, sometimes coupled with a substantial reduction in loan principal balance is the only possibility for a homeowner to retain their home while giving the bank a ‘face-saving’ alternative to costly foreclosure.
Deed in Lieu of Foreclosure
Under some conditions lenders will accept the property back from the borrower as full payment in order to save the time and expense of foreclosure. Negotiating these arrangements are complex, as they involve assessments of current and future value, plus current market conditions in addition to proving the inability of the homeowner to either pay the mortgage or sell the property.
Let's make the world a better place together
When Hope 911 and Hope Now Fail, guess what? it's not neccessarily over...
This is no joke. This is my way to donate to my community.
I ask that you do the same for someone else, however it is not a requirement.
I have helped complete strangers in the successful modifications of reduced interest rates, and reduced note balances as well, in airports, at business meetings, it really does not take that long. And you can apply for modifications with other people and family members if needed, and credit does not matter. I've taken 7% rates down to 3.75% interst only, taken second mortages from $120,000 to $3,000, and it was good for all involoved.
If Hope 911 or Hope Now can't help, then call and remember, new programs are comming out all the time and that these banks have millions of properties foreclosing and you have to stay on top,
as to not fall through the cracks.
http://homerentionhelp.blogspot.com/ for more information good luck
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