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Stop Foreclosure and Keep your Home
There are many solutions available to homeowners falling behind on their payments. Most people think Bankruptcy is the only option, short of just letting the Bank take the home. There are many consequences to either action. While "Short Sales" are becoming more common, it still requires that you leave the home. Many Lenders have workout options available, but want you to "catch up" all the missed payments. Obviously this is nearly impossible for most people. There is one option that will allow you to keep your home, reduce your payments, and potentially reduce the principal balance due on your home. Loan Modification is a HUD approved workout solution becoming more common during this foreclosure crisis.
What is a Loan Modification?
A Loan Modification is the reduction in one or more of the following: Interest Rate; Principal Balance; Penalties. It also must bring the account current, creating a fresh start for the borrower. There are many reasons for seeking a Loan Modification, however not everyone can qualify. Most Lenders will tell consumers they do not qualify, or deny the first attempt in order to collect the full amount due. Our team will qualify you according to Lender Guidelines, and negotiate on your behalf to force the Lender to accept modification. A Loan Modification will create a current account and give you the ability to keep your home.
How We Can Help
Once your program has been established through Finance Home Solutions, we will handle the negotiating process and protect your consumer rights. Throughout the program, we will communicate to your creditors that you are represented by us and they are to contact you only through Finance Home Solutions. You will no longer be dealing with annoying collection calls from your creditors. Our loan modification process has been developed over the years by our experienced team of professionals, which include ex-bankers and real estate attorneys who are highly skilled in their respective areas of expertise. Through our established relationships with creditors and financial institutions, we are able to successfully negotiate our client’s mortgage or equity line of credit at a much lower rate. Creditors are willing to negotiate with us with the understanding that the settled amount will be paid in a timely manner.