Thread: Foreclosure Assistance

Don't become a part of the foreclosure crisis.

The purpose for Homeland Assistance is to assist individuals and families who are facing difficult financial times with their mortgage and monthly bills.Complete the quick three step now at Homeland Assistance.com and you can rest assured knowing we wil be working to help solve your home ownership problems.

The purpose for Homeland Assistance is to assist individuals and families who are facing difficult financial times with their mortgage and monthly bills.Complete the quick three step now at Homeland Assistance.com and you can rest assured knowing we wil be working to help solve your home ownership problems.

Yes I completely agree... I think the best way to avoid foreclosure is to take concrete action before foreclosure happens arranging a solution prior to that final option. In order to do this, you need to assess your situation, contact the proper people in order to get foreclosure stopped, come up with an alternative plan that you can present.

Hello, I am completely new to this, as a matter of fact this is my first post, so please cut me some slack or redirect me if this topic has already been covered elsewhere.

I have three rental properties that are upside down, and facing the same with my primary residence. All are ARM. I have never been late on any of my mortgages. The mortgages are not due to adjust in the very near term, but I would like to be proactive before they do. I have heard a lot about loan modification. Does anyone have any experience with this? I have attended a few workshops, and it seems to me that the pseudo companies trying to work this angle now are either defunked mortgage brokers or Realtors. The initial fee I've been quoted is a minimum of $2500 per property with no guarantee of achieving desired results. Any input or feedback on this would be greatly appreciated.

Jean,

I am doing loan modifications here in Florida. Some states it is illegal for firms to take advance fees unless they are attorneys. I have seen fees as much as 2% of the loan amount. I have been searching for firms that would do the work first and then get paid. If you do some research you will find some that will work.

You can also do it yourself. Some say it is not advisable. I understand why just as We as realtors are about representation. The thing is that there are no ethic's in the loan modification business. I am not saying that they are not ethical. It is just that they don't have a board of ethics.

I hope this helps.

Hello Jonathan,

Thanks for your comment. That does help. I have tried to speak directly with my lenders representing myself. At this point they are not eager to help in any way because I am not currently behind on any mortgages. I don't know if there is another way, besides falling behind on my payments and damage my credit.

Any and all suggestions are appreciated. Thanks!

Jean

Some lenders require you to be late before they will even talk to you about a loan modification. 3rd party companies like ours that do loan modifications can often get you better results faster, than if you were to do it yourself. Aurora for instance will give us a reply in 48hrs opposed to a homeowner getting a response in 4 to 6 weeks. If you have any questions please give us a call or shoot us an email.

Originally Posted by Homeland Assistance

Don't become a part of the foreclosure crisis.

The purpose for Homeland Assistance is to assist individuals and families who are facing difficult financial times with their mortgage and monthly bills.Complete the quick three step now at Homeland Assistance.com and you can rest assured knowing we wil be working to help solve your home ownership problems.

But I guess the homeowners need to be "qualified", right?

Originally Posted by Jean_White

Hello, I am completely new to this, as a matter of fact this is my first post, so please cut me some slack or redirect me if this topic has already been covered elsewhere.

I have three rental properties that are upside down, and facing the same with my primary residence. All are ARM. I have never been late on any of my mortgages. The mortgages are not due to adjust in the very near term, but I would like to be proactive before they do. I have heard a lot about loan modification. Does anyone have any experience with this? I have attended a few workshops, and it seems to me that the pseudo companies trying to work this angle now are either defunked mortgage brokers or Realtors. The initial fee I've been quoted is a minimum of $2500 per property with no guarantee of achieving desired results. Any input or feedback on this would be greatly appreciated.

Exactly what I want to know. I'll say that multi properties owners won't never be near to be qualified for adjustment...