If you want to keep your property:
We can help set you on the right track to see if you qualify to get refinanced. If you recently suffered a hardship and have the ability to get back on track you may be applicable to have a loss mitigator represent you even if don't have enough equity to refinance. Please fill out a fast response form to see if you may apply for such programs. This can allow you to get on a repayment plan with the bank so that you can stay in your home.
You may also even qualify for the HOPE program created by HUD to help owner-occupants who are unable to afford their mortgage payments, so long as your current lenders or investors are willing to take the write-down in value to keep you as a borrower. Please follow the link for more info on the "Housing and Economic Recovery At of 2008" administered by the FHA, effective until September 30, 2011. HUD is also willing to work a Partial Claim to enable homeowners with FHA loans to pay back missed payments in an interest free 2nd mortgage after their first loan is paid off.
Many folks have been inquiring about President Obama's Housing Plan. You must be no longer than 30 days behind to qualify for the program. To learn more about the program and to see if you may qualify click the link above.
Home foreclosure help is available. Contact us so that we will be able to discuss other foreclosure options with you that may be available.
EVEN IF there is little, to no equity and the Illinois Sheriff Sale/auction date is closing in, we can help stop the foreclosure by negotiating a discount on your property so that we can purchase your property directly from your lender before it goes to foreclosure:
By negotiating a short sale with your lender we aim to reduce the principal on your loan so that we can settle the account at a reasonable price and protect your credit at no cost to you; thus creating a win-win-win situation (for all parties involved). The goal is to protect you by eliminating ever having a foreclosure on your credit report in the first place so that you can move on with your life. By helping you, we are also creating an attractive opportunity for us to purchase your property directly from your lender without you ever having to worry about the hassle of paying Realtors and closing fees. Lenders do not want to see your property go to foreclosure, and are willing to work with us to prevent an otherwise imminent foreclosure from ever being on their books. The foreclosure is a costly and timely process for the lender and they can eliminate all of it by conducting a short sale with us directly. Even if you are four weeks away from the auction we can get your foreclosure postponed by negotiating a purchase price that works for both parties, therefore preventing the foreclosure all-together.
Also, even if you have no equity, we can help you get cash at closing, simply by purchasing some household items from you.
If you do have some equity, we can offer a fair price for the purchase of your property in as little as seven days or less. Regardless of your situation we cover all customary closing costs. We can even take over payments and arrange other owner financing.
For more information about the foreclosure process and Illinois Foreclosure Law please click the linked text here.
There is one important thing:
You must act now! Every day that you wait makes our jobs that much more challenging, and increases the chance that your property will be foreclosed.
We want to try to help you, but first, we need to know that you need our help.
Contact us by either calling our office number below, or by filling out the form that suits your situation.
IF YOU ARE FACING FORECLOSURE CLICK TO FILL OUR STOP FORECLOSURE FORM
FOR ANY OTHER SITUATION CLICK TO FILL OUR FAST RESPONSE FORM!
OR
Please read our legal disclaimer.
As a homeowner that's in or near foreclosure, you do have options.
Listed here are a number of options that you might hear about, but some of them may NOT be in your best interest.
Pros:
Make up your back payments
Start fresh with a new loan
Stop the foreclosure
Credit back on track
Cons:
Back payments prevent a refinance
Higher interest rate which means higher payment
Mortgage broker may not get it done in time
Pros:
Stops the foreclosure
Chance to get back on track
Stay in your home
Cons:
Down payment to lender
Monthly payment can go up significantly
Still reflects on your credit
One missed payment and the lender can foreclose
Pros:
Avoid the foreclosure
No more marks on your credit
Fresh start
Cash to start over
Peace of mind
It's all behind you
We can buy your house before the foreclosure, EVEN if you have no equity
Cons:
You may have to move - but we can help you do that.
Pros:
Postpones the foreclosure
Stay in the house (temporarily)
Possible payment arrangement
Cons:
On your credit for many years
Lender may still be able to foreclose - this may only be a temporary fix
Must pay an attorney
Continued stress in your life
Remember that you are not alone. There is an exceeding number of foreclosures happening in this country right now, and experts predict that more than two million people may lose their homes in 2009. Throughout Illinois and Chicago there were roughly 27,000 foreclosures last year alone. This year Chicago foreclosures may be even more prevalent than last year.
It's our business to help people solve foreclosure problems. Again we offer free help for homeowners facing foreclosure.
Don't wait another day!
We want to help, so give us a call and get the foreclosure assistance you need.
Click here to submit a Fast Response Form...
Or click here to submit a Stop Foreclosure Form...
or
Contact Us For A Free Interview To See How We Can Help You