Think a Freeze on Foreclosures
Could Save Your Home?
Think Again'
You may have seen in the news that recent events had some of the major lenders put temporary halts on foreclosures. These events have caused the press and politicians to call for foreclosure freezes and moratoriums. If you are having difficulty paying your mortgage, a foreclosure freeze IS NOT the answer to your problem. However, there are steps you can take to avoid foreclosure. Read on to learn about the 5 Steps to Avoid Foreclosure..
Please click here for a free report on the Five Steps to Avoid Foreclosure
Step 1: Take Action
The fact that you are reading this report tells me that you desire to take action, which is great! Just by starting to gather information, you are taking a proactive approach to rebuilding your future. Get your pen and paper and jot down any questions you may have as you are going through this report. I am here to answer your questions.
Step 2: Contact an Educated Agent
With so many programs available to distressed homeowners, it is more important now than ever to consult with an agent educated specifically in responding to the foreclosure crisis. As a Certified Distressed Property Expert-Designated agent, I am extensively trained in presenting you all of your options so that you are able to a make an informed decision. In a recent study, The Washington Post found that "Troubled homeowners who receive housing counseling are 60% more likely to avoid foreclosure and have their mortgage payments lowered significantly than borrowers who navigate the process themselves." My job is to guide you through the process of evaluating your options, and helping you make a decision that is best for you. By contacting an agent educated in foreclosure alternatives, you have increased your chances in overcoming this challenge.
Step 3: Organize Your Personal Documents and Information
• Checking and Savings account statements
• Mortgage statements
• Your last two paycheck stubs
• Your past two tax returns
• A Letter of Hardship (I can help you with this)
Having these documents readily available will speed the process of working with your lender, not to mention show them that you are organized and ready to work with them in resolving your mortgage.
Step 4: Contact Your Lender
Lenders want to avoid foreclosure. They aren't in the business of selling homes, they're in the business of lending money. Add to this the significant cost of foreclosure and you have a situation where the bank is eager to work with borrowers when they become late on their payments. Contact your lender so they know that you are willing to work with them. Also, keep your agent informed. When open lines of communication are established, the process runs more efficiently and challenges are quickly overcome.
Step 5:Understand ALL Your Options
As a distressed homeowner, you actually have several options to choose from when trying to avoid foreclosure. Listed below are alternatives to foreclosure and brief descriptions for each.
Short Sale:
Deed-in-lieu:
Forbearance or Repayment:
Mortgage Modification:
Renting the Property:
Bankruptcy:
Mortgage Refinance:
Servicemembers Civil Relief Act:
Sell the Property:
If you have any questions regarding the options above,
please contact me. I am here to help you rebuild what
you've worked so hard for.
Place Your Confidence in CDPE AGENT TODAY.
With the right assistance, the stress of facing foreclosure becomes manageable. CDPE designated agents have received the knowledge and training necessary to assess all possible foreclosure alternatives and pursue homeowners' best options. A CDPE designated agent attends several days of intensive, thorough training on foreclosure avoidance and how to negotiate short sales efficiently and ethically. The highly regarded CDPE logo means you are working with the most informed, up-todate resource available.
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