How to stop foreclosure and keep your home

If you forfeit your mortgage payment more than three times or your lender has filed a NOD, you may think that you cannot save your home. Even at this stage, you can stop the foreclosure process and save your home.

Foreclosure Workout. Up until the time your home is scheduled for auction, most lenders would rather work out a compromise that would allow you to get back on track with your mortgage than take your home in a foreclosure.

Loan modification

Loan modification allows you to refinance your mortgage loan or even extend the term of your loan. The lender may settle for monthly mortgage payments that are within your financial means.

Short Refinance

In a short refinance, the lender may agree to forgive some part of your debt and refinance the remaining debt into an entirely new loan.

Looking for Mortgage analysis services

Special forbearance

If your lender believes that you have a valid reason behind the missed payments, it may agree to help you out with a special forbearance.

Refinance with a “Hard Money” Loan

In some cases, your lender does not agree to refinance your loan if they consider you a high-risk borrower. In such cases, you can contact a private lender to refinance your loan. However, these loans may come with astronomical fees, but it can save you time to stop the foreclosure.

File for bankruptcy

You should not consider declaring bankruptcy as the first choice because it has its negative effects. When you file for bankruptcy, all lenders you have been given a stay on your loans, meaning they can’t collect until your bankruptcy case has been settled, but this stay doesn’t last forever. If your lender has started the foreclosure process, they cannot repossess your home until everything has been worked out.

For information on foreclosure defense call us at (877) 399 2995. We offer litigation document review support, mortgage audit reports, securitization audit reports, affidavit of expert witness notarized, and more.

DON’T ALLOW THE BANKS TO PLAY LEGAL GAMES WITH YOU.

Obtain the facts & evidence and the litigation support you deserve today! Call or request a free consulation today!

What our clients say

  • “I have been using Mortgage Audits Online for a few months and I am very pleased with the work. The audits are very detailed and prepared so a 4th grader can read them. I recommend these guys to all my friends in the business.”

  • “Thank you…Thank you…Thank you… Your company has created an affordable solution that is spot on as good if not better than audit reports that cost 3-4 times as much.”

  • “I certainly appreciate your courtesy and thank you in advance for the service. Please know too, that I am recommending Mortgage Audits Online to all of my law associates.”

Contact Us