What happens when you miss a mortgage payment?

You may lose your home!!!  When your mortgage becomes delinquent, the lender can foreclose on your proerty.  If this occurs, you must move out of your home ann the property will be sold.  In addition to losing your home, you may own a deficiency balance, which is the difference between the price the lender sells your home for and the balance on your mortgage loan.

What sholud you do now to avoid losing your home??

• Read all letters/correspondence from your lender.
• Contact your lender and explain your situation
• Call me your local Loss Mitigation Consultant(LMC)

How can I assist you?

I can provide you with essential information from your lender to help you.

• Bring your mortgage current
• Complete the financial papers your lender requires.
• Refinance your mortgage loan
• Sell your home and relocate

Options are available to help avoid foreclosure.

Your lender requires a complete financial package to assess your situation.

Reinstate

Special Forebearance.

If you have recently experienced an unexpected change in income or expenses, you may qualify for a special forebearance.  Your lender can arrange a repayment plan based on your individual financial situation.

Mortgage Modification / Partial Claim

If your income continues at a reduced level, you may qualify for a mortgage modification.

Relocate

Pre-Sale / Short Sale

If you don't have the ability to reinstate or refinance your loan, your lender may alloq you time to sell your home without going through forclosure.

Deed-in-Lieu of Foreclosure

Your last option to avoid foreclosure is to voluntarily give your home back to the lender.