Steps to Help to Avoid Foreclosure:

  • Offer guidance to help speak with your lender to help modify your mortgage. See if a loan modification or forbearance makes sense for you.

  • Help you look into options to delay foreclosure sale.

  • Offer Free Market Analysis to determine the value of your home. This will help you strategize your next steps.

  • If your home is worth more than what is owed on your mortgages and liens, we can help you sell your home and allow you to walk away with money.

  • Offer help selling your home through a Short Sale. This is where you will have to sell your home for less than what is owed on the home, including liens. We have expert negotiators to help with this process at no cost to you.

  • Selling through a Short Sale will allow you to have more time to live in your home, which is preferred by lenders.

  • There will be less negative impact on your credit if you work with your lender to sell your home through a Short Sale then through Foreclosure.

  • Offer guidance to find a rental property after you sell your home, if needed.

  • Pat Egan has taken courses to become a Certified Distressed Property Expert. The classes teach you the different options people have when falling behind in their mortgage payments.

 

CONTACT ME for Free Consultation.

     

    LOAN MODIFICATIONS:

    Loan Modification – Pros and Cons

    Loan Modification – 995Hope.org

    Mortgage Forbearance – Pros and Cons

    Forbearance Ending – Next Step

    Hard Money Lender – Pros and Cons

    Filing Bankruptcy to Avoid or DELAY Foreclosure

    Refinance vs Loan Modification

    Loan Modifications:

    •      Lowers your monthly payments and keeps you in your home
    •      Prevents or delays foreclosure
    •      Is not a new loan (like refinancing).  Modifies your existing loan.  
    •      Not as damaging to your credit as foreclosing
    •      Not all lenders offer loan modification
    •      May lower your interest rate or increase loan term or change from adjustable rate to a fixed interest rate

    What is mortgage forbearance?

    Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. You will have to pay the payment reduction or the paused payments back later.

    LOAN MODIFICATIONS:

    Loan Modification – Pros and Cons

    Loan Modification – 995Hope.org

    Mortgage Forbearance – Pros and Cons

    Forbearance Ending – Next Step

    Hard Money Lender – Pros and Cons

    Filing Bankruptcy to Avoid or DELAY Foreclosure

    Refinance vs Loan Modification

    Loan Modifications:

    •      Lowers your monthly payments and keeps you in your home
    •      Prevents or delays foreclosure
    •      Is not a new loan (like refinancing).  Modifies your existing loan.  
    •      Not as damaging to your credit as foreclosing
    •      Not all lenders offer loan modification
    •      May lower your interest rate or increase loan term or change from adjustable rate to a fixed interest rate

    What is mortgage forbearance?

    Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. You will have to pay the payment reduction or the paused payments back later.

    LOAN MODIFICATIONS:

    Loan Modification – Pros and Cons

    Loan Modification – 995Hope.org

    Mortgage Forbearance – Pros and Cons

    Forbearance Ending – Next Step

    Hard Money Lender – Pros and Cons

    Filing Bankruptcy to Avoid or DELAY Foreclosure

    Refinance vs Loan Modification

    Loan Modifications:

    •      Lowers your monthly payments and keeps you in your home
    •      Prevents or delays foreclosure
    •      Is not a new loan (like refinancing).  Modifies your existing loan.  
    •      Not as damaging to your credit as foreclosing
    •      Not all lenders offer loan modification
    •      May lower your interest rate or increase loan term or change from adjustable rate to a fixed interest rate

    What is mortgage forbearance?

    Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. You will have to pay the payment reduction or the paused payments back later.

    LOAN MODIFICATIONS:

    Loan Modification – Pros and Cons

    Loan Modification – 995Hope.org

    Mortgage Forbearance – Pros and Cons

    Forbearance Ending – Next Step

    Hard Money Lender – Pros and Cons

    Filing Bankruptcy to Avoid or DELAY Foreclosure

    Refinance vs Loan Modification

    Loan Modifications:

    •      Lowers your monthly payments and keeps you in your home
    •      Prevents or delays foreclosure
    •      Is not a new loan (like refinancing).  Modifies your existing loan.  
    •      Not as damaging to your credit as foreclosing
    •      Not all lenders offer loan modification
    •      May lower your interest rate or increase loan term or change from adjustable rate to a fixed interest rate

    What is mortgage forbearance?

    Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. You will have to pay the payment reduction or the paused payments back later.