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| Get Rid of Your Money Problems,
Once and for All!
Today foreclosures are on the rise. The most common reasons why people will find themselves in foreclosure are: Divorce, Medical Problems, Job Loss, Adjustable Rate Mortgages or a Tragic Event. Any of these events followed with foreclosure can leave you feeling distressed and many times depressed, and in a state of mind where you are in denial. It is very important that you realize that you do have options and the power to stop the foreclosure and get a fresh start. But remember that time is your worst enemy. Just by taking the time to visit this website to learn more about foreclosure you are proving that you are not in denial and you will make the effort to stop your foreclosure and achieve a more positive outcome for your financial future. If you want to take control of your financial situation and put your money troubles behind you, then you need the right information to decide what course to take. It seems that the foreclosure process is the subject of much confusion. In fact, people have so many misconceptions about foreclosure suits we decided to offer this foreclosure awareness education so when you make a decision to seek help you can make an informed intelligent decision. First let’s examine… The Five Most Common Misconceptions
The sad unfortunate truth is that the lender only cares about collecting their debt no matter what your situation is. The harsh reality is that once the house goes to AUCTION the sheriff will show up at the house and order you and your family to vacate the property immediately. In other words you will be evicted.
This is probably one of the worse things you can do in your situation. When the lender asks you to do this they are asking you to voluntarily Foreclose. Don’t let the lender fool you, your credit report and personal record will clearly read DEED IN LIEU in other words a VOLUNTARY FORECLOSURE. A DEED in LIEU is not for your benefit, it is for the lenders benefit, it eliminates the cost of having to formally foreclose, but you still lose your house and have your credit record permanently scarred.
Sometimes lenders will work out a payment plan called forbearance, but it is never reasonable and your payments will increase significantly. If you can’t afford your payments now, how does the lender expect you to pay hundreds or sometimes thousands of extra dollars each month in your monthly payments? Statistics show that approximately 85% of homeowners in foreclosure do not make the first payment with a forbearance plan. And there is no grace period at all with forbearance plans, the payment must be at the bank by the first of the month or they can immediately start the foreclosure process. Homeowners often tell us they didn’t realize they had to pay their regular payments plus pay back their past due balance at the same time.
Yes, a CHAPTER 13 temporarily stalls the foreclosure proceedings; however it is only a temporary solution!! Attorney fees of up to $1,500.00 or more, appearances in court and the humiliation of public records showing you filed Bankruptcy should be a last resort. Remember, that after you file Bankruptcy you are required to resume payments on the house plus all arrears or you will still lose the house. And over 2/3 of people who file Chapter 13 eventually can’t make the payments and lose their house anyway after spending thousands of dollars to the attorney and the Bankruptcy Court. “Misconception #5: “I owe too much on my house so if I sold my house with a realtor I would have to pay thousands of dollars in commissions and closing costs. So I can’t sell my house, it’s not an option, I don’t have the money”. Unfortunately, in many situations the person in foreclosure can’t sell the house to stop the foreclosure because they can’t afford realtor commissions and closing costs or there is not enough time to sell the house and close it before the auction date. These problems can be overcome by working with an experienced investor that has a working relationship with lenders, and is willing to negotiate with these lenders on your behalf. There are many times where the investor is willing to take risk and pay money to buy time through negotiating with lenders.
How
Stopping Your Foreclosure The “Foreclosure” takes place at the court hearing where the Judge grants the plaintiff (the lender) the Foreclosure. Until this takes place you are in Pre-Foreclosure. This means that you are in the process of Foreclosure, but you do not have it on your permanent credit record yet. Until the house is sold at auction you do not have a Foreclosure Sale on your credit report. A Foreclosure Sale is the worst possible entry on your credit report. At this point your credit record will show late payments, derogatory, on your mortgage such as: 90 days past due 2 times This is not good; however this is vastly different from a “Foreclosure Sale” on your credit report. Working with an investor who is willing to negotiate with the Lender, Attorneys, and Courts to get the house sold by various means and thus “Settled” before it becomes a full “Foreclosure” is generally the best way to protect your credit. Many people in your position would like to refinance. This is possible only if you already have a substantial amount of equity in the house. In other words, if the house is worth a lot more than you owe on it.
In this case there are lenders who will give a mortgage loan on a house based on the LTV only. They do not care about credit or any other factor other than the house. This does sound good until you find out that these lenders generally charge 3 to 7% of the loan amount in upfront fees and 10 – 14% annual interest. Also your payments are likely to increase significantly, this can be a quick, temporary fix for some people however; most homes do not qualify due to the LTV and when they do, the payments on such a loan are usually 1 ½ to 2 times the amount of the current payments. Some will tell you that you can refinance with a conventional lender. The problem here is that when you are currently in the Foreclosure process conventional lenders will not give any type of loan due to the credit record and payment record on the house. This whole idea of a refinance is somewhat the same as you having a car repossessed today by Ford Motor Credit Corp. Then this afternoon you walk into a Ford dealer and try to purchase a new car through Ford Motor Credit, it is not going to happen. This is the same concept at play here. You are asking a lender to loan you money to pay another lender who is foreclosing on your current loan. It is not going to happen. The good news here is that by working with an experienced, reputable investor you can potentially minimize the scar on your credit record. When a future lender looks at your credit they will see those late payments as described above however; since that time you sold the house and got rid of that debt which you could not afford, then you kept the payments on your other debts up to date. They actually may look at you as a better credit risk than someone with a 700 FICO score. The reason for this is that the person with the high credit score may never have had any financial problems. Lenders realize that financial situations happen to good people. They will look at this situation and wonder what will happen to the person with the high credit score if they ever have financial problems. Will they run and hide or work to fix the problem. Who know? With you they will see that you had these financial problems but instead of running or sticking your head in the sand, you stood up, died everything you could preemptively to fix the situation and then continued to keep on a right path. This many times makes you a better credit risk than the other person. So… this is not the end of the world or of your credit worthiness. If you work properly to fix the situation you can turn it into a future positive. Nothing will make it just “Go away” but you are on the best path. Why You Do Want To Avoid Foreclosure Which is more important to you? Being in control of your life and making your own decisions or allowing someone else that you don’t know to call the shots for you. Each Foreclosure situation has its own unique advantages and disadvantages. Some solutions will only stall the Foreclosure, forcing you to ultimately pay thousands of extra dollars and lose the house in the end anyway. Other solutions may allow you to stay in the house, but cost you more money each month than you actually make in three months. There is a solution that can stop the Foreclosure, possible put cash in your pocket, and give you a fresh start in a new home. This option would require you to move out of the house that is in Foreclosure and move into a better situation. If what you are looking for is a quick expensive band aid to put on the situation to fix it temporarily, than I respectfully request you call another company. But if you would like to:
If you’d like to be proactive and take control of this situation, not letting the lender or anyone else get the best of you, then we invite you to take action and call us now.
CLICK HERE NOW – If you would like a FREE FORECLOSURE AUDIT We are experts in stopping foreclosures and we will be happy to answer your questions and concerns and give you a FREE FORECLOSURE AUDIT – without cost or obligation of any kind. We will answer any additional questions you may have regarding your situation or provide you with a solution to solve your problem. Remember, all conversations and information is strictly confidential, we will not share any of your personal information or e-mail address with any other parties. Contact Us NOW WHAT DO YOU HAVE TO LOSE? Our ability to come in and stop the Foreclosure through extensive negotiations with Attorneys and Lenders to buy the house with no cost to you can be the best way to solve your problem. Yes, by doing this it can cost us (not you) more money up front, and create a greater financial risk for us (not you), but we have found that the number of families lives that have been changed by using our method to stop the Foreclosure has made it well worth it. When you decide to take control of the situation and we begin to solve the problem we will give you our: 100% NO OUT OF POCKET EXPENSE GUARANTEE! We want you to be super pleased – in fact absolutely delighted knowing that you have the ability to put this situation behind you so you can have a fresh start. This may sound too good to be true, but we will not charge you any money out of pocket at all, ever. In fact it might even be possible for you to get cash. What does this mean? We will cover all up front expenses in dealing with the Lender, and Lien Holders (including the IRS), Attorneys, Realtors and any possible Marketing or Rehab Costs. We will put our money where our mouth is to make the deal work. We profit when we sell the house in the end. If we lose any money we invest in helping you that will be our problem. You will be able to move on and into a better situation. We stand by our work and serve 100%. You may find it hard to believe you can:
In just one phone call we can help you examine your situation, determine if a sale is the best option, and help you create an action plan that will make you feel better about your future. Get out of denial. Imagine how good it will make you feel to get this situation behind you. But we can’t start the process unless you contact us to get the ball rolling.
CLICK HERE NOW – If you would like a FREE FORECLOSURE AUDIT We are experts in stopping foreclosures and we will be happy to answer your questions and concerns and give you a FREE FORECLOSURE AUDIT – without cost or obligation of any kind. We will answer any additional questions you may have regarding your situation or provide you with a solution to solve your problem. Remember, all conversations and information is strictly confidential, we will not share any of your personal information or e-mail address with any other parties. Contact Us NOW Still not sure what do do?Then hear what some of our past clients have to say about us.
Stop Your Foreclosure TODAY!
As our clients have eloquently spoken, we have helped hundreds of homeowners to stop foreclosure and we can help you too. But in order for us to help, you MUST take the next step and contact us soon enough for us to provide a solution. Many people needing help with stopping foreclosure simply do nothing and hope for a miracle. Don't
make that mistake!
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HERE NOW – If
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