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Missing Mortgage Payments? We Help Richmond VA Homeowners!

By Marcus Rice

Real Estate Broker/Owner with Equity First Realty VA BKR# 0225058489

April 03, 2016 04:31 PM

Missing Mortgage Payments?

Missing Mortgage Payments?

It’s Not Too Late

Wondering what a homeowner should expect when payments are missed? The most important thing to know is that no matter what stage of default a homeowner is in, there is almost always a way to avoid foreclosure. That being said, the quicker a homeowner does something about the situation, the less challenging it will be to resolve.

First, here’s what a distressed homeowner should expect to happen when payments are missed:

30 Days Late: The lender will attempt phone contact or send a notice in the mail.

60 Days Late: The lender will attempt to make contact by phone and follow up with another letter in the mail.

90 Days Late: The lender will send a letter demanding all past due amounts within 30 days and start the foreclosure process.

120 Days or More Late: The lender’s attorneys will take over and the homeowner will be responsible for their fees in addition to missed mortgage payments and the loan amount due.

Not late yet, but about to be?

Homeowners that are not late but foresee missing payments should communicate this to their lenders as soon as possible. In the past, many banks wouldn’t work with homeowners unless they were one or more payments behind. In light of the mortgage crisis, most lenders who would rather take a proactive stance and decrease their loan losses. They are more willing than ever to work with homeowners to avoid being late.

If you are visiting my website, you or someone you care about may miss mortgage payments in the near future. I can help navigate the process and put you back on a path to financial stability. Contact me today and alleviate the stress that comes with unaffordable mortgage payments.

http://equity1strealty.com/short-sale-cdpe

As a CDPE-designated agent, I have extensive training in helping homeowners avoid foreclosure. For a personal consultation on all of your available options, I’m just a call away … and I’m here to help. The Marcus Rice Short Sale Team is here to help. Just click on picture below or call me at 804-247-8187.

We offer free, discreet consultations over the phone, at our office or in your home and there is never any obligation. Contact us today or apply online for more information.

Please take the time to browse through our website and gather the information that you need. If at any time you have further questions about what we can do for you in your situation, you can email or call us at anytime and we will be happy to assist you. Thank you for reaching out to The Marcus Rice Team.

Contact our team today to learn more about your options

Please contact Marcus for a free consultation and we will work with you to either help you save your home or sell it For more info call 804-247-8187

We help all home sellers!

Are you ready to sell your home without purchasing another home at this time? Great! No problem… we’ve got great money-saving programs with superior service for you too. These programs are:

• 1.5% Full Service Listing Program

• 0% List For Free Listing Program

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The Marcus Rice Team specializes in residential and commercial real estate in the whole state of Virginia. We are tech savvy realtors with over 20 year’s experience. Please join us on our social networking network to stay up to date on Virginia real estate news and more...