1. DO NOT IGNORE THE LETTERS FROM YOUR LENDER. If you are having problems making your payments, call or write to your lender's Loss Mitigation Department without delay. Explain your situation. Be prepared to provide them with financial information, such as your monthly income and expenses. Without this information, they may not be able to help.
   
2. Stay in your home for now. You may not qualify for assistance if you abandon your property.
   
3. Contact D'Angelo Investments to discuss what the best foreclosure solutions are for you.

1. Reinstatement - Pay the Mortgage Company all of the back payments to bring your mortgage current. This option is rarely attainable. The Mortgage Company will add late fees and Attorney fees on top of your back payments making this amount much more than people are able to come up with.
2. Workout - You can negotiate with your Mortgage Company to bring your loan back in good standing. There are many options available to us to get a work out approved. Some examples are as follows:
   a. Forbearance - Arranging a payment plan based on your financial situation. This is mostly used in the instance of a tragedy or temporary loss of employment.
   b. Loan Modification - Adjusting the terms of the loan to meet your financial situation.
   c. Partial Claim - Qualifying to have the repayment amount applied to the end of the current loan and resume normal payments.
3. Refinance - We have established partnerships with very reputable lenders who can give loans on mortgages that are in foreclosure if there is enough equity available.
4. Sell Your Home - You may simply sell your home before the Foreclosure Sale Date. Sometimes the home-owner is unable to sell the home outright at the desired sale price and this is not an option. We may be able to negotiate a Short Sale on your behalf with your Mortgage Company. In this instance the Mortgage Company may take less than what you owe on the loan to avoid a lengthy and costly foreclosure process.
5. Deed-in-lieu of Foreclosure - An arrangement to simply give the home back to the Mortgage Company, which will affect your credit similar to a foreclosure.
6. Bankruptcy - This is a last resort. This will only save your home temporarily. If you miss one payment during this process the lender will put you right back into foreclosure.
7. Foreclosure - You may elect to allow the home to be entered into mortgage foreclosure. This is the most damaging to you. The Mortgage Company will take your home and all of your equity. If there is no equity they may come after you for the shortage by seeking a "deficiency judgement". This is also the most damaging to your credit and your ability to acquire another home loan.

Can I stay in my home if I want to ? It really depends on your individual situation. We are familiar with what your lender will need to approve this, and after speaking with you and reviewing your situation, we can determine if this is possible.

Contact us today to Avoid Foreclosure. We want to HELP!