Falling behind on your mortgage can feel overwhelming, but you’re not alone. I’ve been in your shoes, and I understand the stress and uncertainty that come with it. I’ve spent the past 16 years helping homeowners like you find real solutions.
I understand first-hand how overwhelming and stressful it is. When I lost my house in 2005 I felt like I was drowning in fear and embarrassment. If you are facing foreclosure please know that you are not alone and that you have options. Contact me today to explore your options and find a solution that best fits your circumstances.
7 Options to Avoid Foreclosure
1. FOREBEARANCE
Allows homeowners to temporarily pause or reduce their mortgage payments
2. LOAN MODIFICATION
Terms of existing mortgage are modified resulting in a lower payment
3. REFINANCE
Take out a new mortgage to payoff the one in default
4. REINSTATEMENT
Total amount owed to bring the loan current is payed
5. SELL THE PROPERTY
With sufficient equity the loan will be paid off. Without sufficient equity, negotiate with the lender to accept less than what is owed (short sale)
6. DEED IN LIEU
Homeowner returns the property to the lender rather than go through the foreclosure process
7. FILE BANKRUPTCY
Filing Bankruptcy stalls foreclosure, does not prevent it
If you would like to talk about potential options for a way out please call me.
I promise an easy, confidential, and no-obligation conversation. 630.608.7400
You are not alone!
