Our passion is to help those facing foreclosure to deal with their situations, either themselves or with the help of professionals.  It  is our opinion that homeowners in trouble should  consider trying to negotiate with their lender themselves before paying any company to obtain a modification/deed in lieu or short sale.

The key is (I) not to wait until too late if your own efforts are not successful and (ii) not to accept a servicer's offer just to reinstate the mortgage and spread arrearages, when you could not pay the basic mortgage payment in the first place.

Usually what they offer is not what can be negotiated.  Remember that they are not going to just reduce your payments to be helpful.  They will go only as far as they feel they need to.  Good negotiating is an art and you can either learn it or have us do it for you.

Remember, once you accept a modification or forbearance plan, the holder will never renegotiate it.  So do not make the mistake of taking what they first offer or settling for something that is not realistic for your budget or will not last you long term.  For example, if you owe $500,000 on your home and it is now worth $250,000, and you know you may need to sell in 5 years.....a loan modification that does not reduce the principle is probably not the best option for you as you may just be avoiding the inevitable.  The likelihood that you will recoup $250,000 of your home's value in 5 years is slim to none.  In this case, a short sale may be your best option.  Better to do it now rather than later so that you can begin the recovery process immediately and move on.

How to handle a foreclosure:

There are, basically, five parts to obtaining a desired result.

Part one is to put together all of your documents and prepare certain forms necessary to deal with loan servicers.

Part two is to put together the facts of the origination of your loan to show the servicer and holder that you can legally contest the foreclosure and that foreclosure will be very expensive in comparison to a modification, or deed in lieu or short sale.

Part 3 is to slow down the actual foreclosure process, to allow time to negotiate.

Part 4 is to put together a plan that will fit the holders' underwriting guidelines.

Part 5 is to break through the servicer's lower level personel to a decision maker and then negotiate.

If, at any point in this process,  you find that you might not be successful, we are available to assist you with further educational materials and/or negotiation services that have achieved over a 90 percent success rate to date.

If you desire more information or wish to engage us please contact us. 

Best of luck to you!!!!

Jessica Sulliman & Randy Curnutt

Realtor, Real Estate Consultant, REO & Short Sale Specialist

      jessica.sulliman@ashbyrealty.com                      

      (602) 677-7977 Jessica Direct 

      (602) 677-1002 Randy Direct 

      (602) 445-9931 Fax                                   

      www.sunshinespecialists.com