Are You Serious About Avoiding Foreclosure?
Saving Your Home May Be Within Your Reach

As you read this article remember you do not have to pay any fees to complete a Loan Modification. You can complete them yourself.  Visit

http://www.modificationrescueorripoff.com

Foreclosure Avoidance uses several different methods to end the foreclosure process on your home. Whether it be through a loan modification, reinstatement plan, rate reduction, repayment plan, forensic audit or foreclosure defense, a foreclosure avoidance specialist can intervene on your behalf to end foreclosure and preserve the equity in your home.

Brief explanations of each option are below.

You have options to avoid foreclosure, but not time. Time is running out. Let us help you find a solution today! Complete the short form above to connect with experienced foreclosure avoidance specialists who may help you out of your mortgage nightmare. Various options are available to help you avoid foreclosure and keep you in your home:

• Loan Modification
allows homeowners and lenders to change the terms of a loan in order to help the borrower stay in the home and avoid foreclosure. It is important to note that a loan modification is not a new mortgage. A loan modification is the renegotiation of terms of an existing mortgage. Changes may include change of interest rate, change from adjustable to fixed rate, change length of loan, decrease of principal or waving of late fees.

• Rate Reduction
should be your first option whether you have missed a payment, are in the foreclosure process, or are simply having difficulty making your payments. This option applies to primary residences and investment property, for all mortgages on the property (1st, 2nd, Equity Line of Credit, etc.). It can be done for property in any state. It may also include a reduction in the principal balance of your mortgage if your property value has fallen significantly.

• Reinstatement Plan
is basically the total amount that is past due including late fees and attorney costs. Paying the past due balances will get your mortgage caught up immediately. There might be a huge amount of past-due fees which could include back payments, late fees and legal expenses. Reinstatement might be accomplished if you can promise a lump-sum to bring your payments to a current status by a specific date.

• Repayment Plan
takes the delinquent amount and allow you to add a small amount to each mortgage payment until the delinquency is caught up.

• Forbearance Agreement
is typically an agreement to postpone, reduce, or suspend payment due on a loan for a limited and specific time period. Interest that accrues during the forbearance remains the debtor’s responsibility.

• Forensic Mortgage Audit & Analysis
is a comprehensive review and analysis of all documentation related to an existing real estate loan. It is a detailed examination of all loan documents, borrower fees and lender actions during the mortgage process.

• Foreclosure Defense
is the action of a law firm proving that a particular homeowner is a smart investment for its lender. Once “the wolves are at bay”, the homeowner and its legal team will have the necessary leverage to execute a loan modification that is in the borrowers best interest versus the lender. The result is a homeowner who stays in their house with a current mortgage, a competitive rate and a comfortable payment.

The information and notices contained on this website are intended as general research and information and are expressly not intended, and should not be regarded, as financial or legal advice. We attempt to ensure that the material contained on the web-site is accurate and complete at the date first published, however you should recognize that information contained on this web-site may become out of date over time. Readers who have particular questions real estate financing or foreclosure, or who believe they require legal counsel, should seek the advice of an attorney.

visit http://www.modificationrescueorripoff.com

You will find a complete guide for How to do your own Loan Modification. Included are contact lists for lenders and service companies. Software is included in this package. Credit repair, and Family Budgeting is important after a modification has been completed. Visit this site and find if it will help you.
Coty

Hey

Here’s a little piece on dealing with debt collectors that may help if you are in need!

If you are contacted by a debt collector, there are several steps you can take to make the process easier.

1. Ask the collector to “verify” the debt, meaning they have 30 days to provide written proof of what you owe.

2. Try to work out a payment plan.

3. Ask the debt collector to accept a settlement for less than you actually owe. Offer X amount of cents on the dollar.  This generally works best if you can pay your settlement offer quickly. Remember if they don’t like your offer all they can say is “NO”

4. Before you make a payment, request that the collector agree to remove the collection notice from your credit report after the debt is paid. Always, Always and Always,  make sure to get that agreement in writing.

5. If you have multiple debts in collection, or are having difficulty dealing with a collection agency, contact check out the link here to the “Credit Secrets Bible.” A lot of times using this publication you can clear a lot of credit items your self.

Or  we can help……..
6. If you are having trouble paying your bills but are not yet in collections, you might want to seek help from a credit counseling agency. Contact the National Foundation for Credit Counseling for help finding a nonprofit agency in your area at 800-388-2227, or find the agency closest to you online at www.DebtAdvice.org.

Hello,

I have just completed rebuilding my entire website for www.DurangoCommercialGroup.com   This blog is part of that website.  When deciding to view my commercial lending site  you will find articles on credit also all commercial lending issues.

I have been in the lending field for thirteen years working with residential properties, and commercial properties.  Today I only originate and underwrite commercial properties.

If you have  comments, or questions I would really like to have them posted to the blog as I am an expert in the field of finance and lending. I probably can help with any questions you need answered and can give you some direction, and solution to your needs.