Solutions 101

A LOAN MODIFICATION ON YOUR MORTGAGE MIGHT KEEP YOU FROM LOSING YOUR HOME!

A loan modification is a permanent restructuring of your mortgage where one or more of the terms of your loan are changed, providing a more affordable payment in the short term.

Loan modifications have pro’s and con’s and can take several months to complete. For example, you might be able to keep your home but you also may never see any equity in your home.

We can help you understand more about loan modifications and if one is right for you.

COMMON REASONS WHY YOU MIGHT NEED TO SELL YOUR HOME FAST:

• Facing Foreclosure

• Going Through a Divorce

• Water, Mold and Fire Damage

• Moving Out of State

• Costly Repairs

• Debt is Piling Up

The reality is, there could be several reasons why you need to sell fast. No matter the reason, we can help you get out of your home and quickly.

You pay NO commissions or fees when you work with us.

The good news is your home has equity, yay! The bad news is, the bank will eventually take it all.

Having equity in your home simply means that you’ve earned a profit on the home. Meaning, after the mortgage is paid off, you pocket the difference.

The problem here, however, is when you’re facing foreclosure, the bank will charge you late fees, penalties, interest, administration fees, and even bank attorney fees! If you’ve hired a lawyer, you’re also paying those fees as well. Everyday that goes by, you’re losing more and more of that equity.

What’s the solution? We will help you not only avoid foreclosure, but we will also pay off your mortgage AND all of the extra fees so that you can walk away with as much equity as possible.

• • Lowers credit up to 400 points

  • Credit score affected for up to 10 years

  • Lenders can garnish your wages or your bank accounts for up to 20 years

  • Would potentially have to wait 7 years before you can purchase a home again

  • Future loan and rental applications will likely be rejected

  • Can negatively impact future employment

  • Debt forgiveness is considered taxable income which you'll be responsible for

If you’re struggling to pay your mortgage or have fallen behind on your payments you DO NOT have to get foreclosed on. Matter of fact, you DO NOT want to get foreclosed on as it will have severe effects that could last several years.

We can help go over your options to ensure a foreclosure is avoided.

IF YOU DON'T HAVE ANY EQUITY IN YOUR HOME AND YOU ARE FACING FORECLOSURE, A SHORT SALE IS THE WAY TO GO!

Simply put, a Short Sale is the process of selling a home for less than what is owed on the mortgage with the lender's approval. If you do not have any equity in the home and if your property is in need of repairs, the property would not be worth what is owed on the mortgage.

If you've tried a loan modification and were unsuccessful, a Short Sale is your next best option. Here are a few benefits of doing a Short Sale:

• Avoid foreclosure and having it on your record

• Minimally effects credit score

• Full waiver of deficiency - you will owe nothing

• You can live in your home during the Short Sale process and not have to pay your mortgage

• You do not have to make repairs or clean the property

Best of all, we can help you with a Short Sale for FREE!