We Can Stop foreclosure today and save your home!

When a homeowner has a hardship that causes them to get behind in their mortgage payments the lender is usually not willing to work out a suitable means for the client to get caught up. Typically the lender will demand all of the arrears and all of the late fees, delinquent charges, etc. This situation leaves the homeowner with few options if they are unable to come up with the arrears. Seldom can a homeowner find the extra cash to save the home in this fashion. It is then that other options are sought out. There are several options to foreclosure. Some are better known than others.

Selling the home is a possibility, but there is the chance that the home will not sell in a timely fashion. If this is the case, a homeowner is often approached by someone offering to purchase the property on a "short sale". These Real Estate Agents or Investors often advertise as foreclosure prevention services. Purchasing properties on short sale is becoming a very popular way for investors to obtain prime properties at discounted prices. It usually robs the owner of all of the equity they have in the home, leaving them with no money to get into another home.

Filing Bankruptcy is an option that is well advertised foreclosure prevention. While bankruptcy may stop the foreclosure sale, it is ineffective as a real solution. In Chapter 13 Bankruptcy, a lender could refuse to accept the terms of the bankruptcy, which will not benefit the home owner. Also the Bankruptcy payments could be higher than the original payments, which will not benefit the home owner.

Loss Mitigation is a little known process of saving a home from foreclosure. When a hardship has occurred and has been resolved, Loss Mitigation can be the most effective means of avoiding or stopping foreclosure. Simply put, Loss Mitigation is an intervention program wherein the lender is willing to work out an agreement that will allow a homeowner to continue making payments, keep the home and not come up with all of the past arrears.

There are 47 different ways to mitigate a case to prevent foreclosure.  Loss Mitigation has been successfully saving homes for years. To learn more about Loss Mitigation, go to http://www.PreforeclosureUSA.com/craigcooper . I will be available to answer any questions you may have. Please contact me at today.

Craig Cooper

1-800-679-7042 x 5700