Q. My mortgage company has stopped accepting my payments, what does that mean? 

     a.  More than likely your account has been referred to Foreclosure

 

Q. My account is in Foreclosure, can I still get help? 

     a. Definitely!  You may apply for loss mitigation assistance at any moment however if there is a sale date on your property, this may affect             the review process. 

 

Q. I'm able to start paying my monthly payments again but can't afford to pay the arrears. 

     a. We may be able to negotiate a modification or partial claim on your behalf to move any arrears to the end of your term. 

 

Q. Will my interest rate change on a modification? 

     a. It is likely that your terms will be modified and your interest my change depending on the type of work out offered. 

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Q. I have equity in my home. Will I lose the equity if the property is sold at auction? 

     a. Short answer is YES. Some states allow for redemption however you should consult your attorney for legal advise. 

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Q. I've been denied for a modification and I don't have the amount needed to reinstate. 

     a. You may be eligible for non-retention options such as a Deed-In-Lieu of Foreclosure to avoid a foreclosure on your credit

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Q. I owe more than the value of my property and want to avoid a Foreclosure on my credit. 

     a. We can assist you with negotiating a Short Sale on your behalf to allow you to sale your home for less than your legal balance.

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