Frequently Asked Questions (FAQ)

We take pride in providing exceptional service and helping homeowners like you regain control of your financial future.

Part of the service we provide is answering all the questions homeowners have about the foreclosure process.

Below is a list of some of the most common questions we get asked.

  • Foreclosure is the process by which your lender takes legal possession of your property for failure to make mortgage payments. The foreclosure timeline varies depending on which state you reside in.

  • Unless you have a solid defense, a lender might be able to complete a foreclosure within a few months. If you fear your home may go into foreclosure, reach out to us today to learn more about your options and rights.

  • If you’re receiving Notices of Default from your lender, it means you’re in violation of your mortgage and you only have a certain amount of time to correct the violation. To avoid foreclosure, reach out to us today to understand your options and rights.

  • There are many alternatives to foreclosure. Depending on your situation and lender, you might be able to modify your loan terms or get a temporary hardship exception. We can help you explore all of the options available and what might work best for you.

  • Walking away from your home can have long-lasting negative financial consequences. It is always best to seek other options first. Reach out to us today to understand your options and rights.

  • The decision to file for bankruptcy will depend on your financial situation. Foreclosure proceedings must cease after a bankruptcy petition has been filed, but lenders typically object to homes being included in bankruptcy. A bankruptcy could allow you to reduce other debts so that you have more income available to put towards mortgage payments.

  • Lenders are sometimes willing to alter the terms of your mortgage to avoid foreclosure. This could involve lowering the interest rate, eliminating late fees, or extending the number of payments until maturity.

  • Homeowners who own property that’s worth less than what is owed might pursue a “short sale”. A short sale has to be approved by the lender. A short sale keeps you from going into foreclosure and damaging your credit score.

  • If it doesn’t make financial sense for you to keep your home, you might be able to negotiate with the lender to surrender the property deed to end foreclosure proceedings. This can help to minimize damage to your credit score.

  • If it makes financial sense for you to sell your home, we'll buy it and pay you for the remaining equity that you've built up after paying off the mortgage.

  • We’re not real estate agents, so we don’t charge commissions or fees to buy your house. If we buy your home, we pay all closing costs with no fees involved for you.

READY TO STOP FORECLOSURE IN ITS TRACKS?

Don’t let another day go by worrying about whether or not you’ll keep your home.