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Many people facing foreclosure act like an ostrich - stick
their head in the sand and hope his problem will just go away.
Don't fall into that trap!
What
Are Your Options When You’re Facing Foreclosure?
| Do nothing and let the
foreclosure process take place |
- Very stressful, embarrassing to you
- In Texas, once a foreclosure is on your credit report,
you can’t qualify for a loan for at least 7 years!
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| Seek advice from a lawyer |
- Lawyers are supposed to have all the answers—but
not always
- Often times you are advised to file bankruptcy. This
leaves you with the feeling that all of your problems
are solved
- Bankruptcy puts a temporary hold
on everything—essentially just buying a little
time
- Eventually, the property usually goes to auction,
and you end up with a foreclosure and a
bankruptcy on your credit report
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| Sell the property |
- In almost all cases this is the best solution
(exception: If your loss of income
is just temporary, may be best to hold on)
- Selling avoids foreclosure
- Selling may help avoid bankruptcy
- We can bring your payments and/or taxes current
- Sometimes you can get equity back out of the house
- Most times we can help even when there is
no equity in the property
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| NOTE:
If payments are more than a month
or two behind, your lender has probably already started
foreclosure proceedings. |
| The Problem With Waiting |
- Thousands of dollars in penalties and legal fees may
be added to your balance
- Extra interest is added each day
- It is much harder to help you, if you wait too long
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| Your Possible Goal in Stopping Foreclosure |
- Avoid foreclosure while you get back on your feet
- Sell your house quickly
- Preserve your good credit rating
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| Our “Program” |
- Discuss your situation with you and determine what
you really need
- Offer several options that could work for you
- Custom-design a specific plan that you choose from
the options available
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| Taking Action Now |
- Although it’s human nature to want to wait and
let the problem go away, it is critical to ACT
NOW!
- Each passing day reduces the available options
- If we are unable to find an option that is satisfactory
to you, we will tell you up front
- There is no fee or obligation for
the consultation
- You have nothing to lose
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How
to Take Action Now |
| Click Here to
Submit Your Information:
Quick
Response Stop Foreclosure Form.
or call 626-524-2712
or (800) 490-3565 x199
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