Behind on your Mortgage?

   Over the last year or two I've been contacted by many homeowners who are having trouble keeping up with their mortgages.  Some  people have had health issues or employment issues, others were granted loans with payments that they just could not afford.  It's not an uncommon problem, and nothing to be embarrassed or ashamed of.  It's important to look at your options as early as possible in the process while you still have many available to you.

Help is available.

There are several places on the web to look for help.  The US Department of Housing and Urban Development website lists many sites that provide guidance Click here to lind to HUD's "Avoiding Foreclosure in Mass" page.   

The Mass Housing Partnership website has lots of information available.

 

Short Sales.

Your lender does not want to foreclose on you.  It's a long expensive process.  There's a very good chance that a lender will agree to accept less than they're owed to avoid the expenses of foreclosure. 

I have successfully worked with several homeowners and negotiated mortgage payoff amounts well below the outstanding balance.  I work closely with several attorneys that specialize in real estate and financial matters.

Most lenders will postpone or cancel a foreclosure auction to allow additional time for a short sale to be approved.

You can benefit from a short sale in several ways:

• A short sale may not have as much of a negative impact on your credit score and the effects may not last as long as a foreclosure.
• The lender may release you from the unpaid liability of the loan.
• You can stay in your house while the sale is in process.
• You have more time to make other living arrangements.
• A short sale may help you avoid bankruptcy.
• No additional costs to you.  The lender will usually pay the sale expenses.

 

Schedule an initial Consultation

Learn about the process in detail from someone who has been through it many times. 

Click here to send me E-mail

or Call (866) 239-3283 to reach me.