Has anyone used a service to stop foreclosure, or workout a payment plan? How did it work for you?

Question

Which company did you use? What were the fees? What options did they offer? And most importantly did their services actually help?

Thank you for your personal testimonies!

Answer 1

Be very careful - there are a lot of scams out there. I'd recommend staying away from them, especially if they are contacting you. (see the HUD site below for HUD approved councilling agencies).

What I would recommend is you talk to your lender - don't ignore them. They really would rather not foreclose, but if you ignore them they don't have much choice. You may be able to work something out, or perhaps be able to sell your home before the foreclosure.

I recommend you check out the HUD website for some foreclosure information. There are councelling services and some special programs that might help. (Best of luck to you)

Answer 2

There are 2 ways to stop a foreclosure. File a chapter 13 bankruptcy petition and a forbearance agreement with the lender. The later will allow you to make up any deficit in a years time but you must pay on time or they can resend it back to foreclosure. The bk 13 allows you to set all your cards home and autos into 1 payment to the court each month till all except your home has been paid off. Once all others are paid off you will be current on your mortgage at that time as well.
Good Luck to you
I am a mortgage banker in TN

Answer 3

If saving your home from foreclosure is a priority, we would like to talk with you. We work with people in your state to help them save their homes from foreclosure through our loss mitigation process. There is no cost to see if you qualify for our program, and most people do qualify.

Your home is your most valuable asset. You want to keep it. We know that life is unpredictable, and that circumstances arise that prevent you from making your mortgage payments.. Sometimes these are temporary things such as job loss, medical illness, marital difficulties and even unanticipated repairs.

At a time like this, a Loss Mitigation Consultant can help assist you in bringing the mortgage payments up to date and stop the foreclosure process. We specialize in out of court resolutions of government and non-government mortgage delinquencies and foreclosure claims for homeowners and lenders.

Our intervention offers highly experienced assistance by providing effective alternative solutions aimed at the individual’s particular situation and current financial status.

We can stop foreclosure activities and our loss mitigation staff has many years of combined experience. OUR GOAL IS SOLELY TO ASSIST HOMEOWNERS, we have no interest in owning your home.

Please check out our website at http://easyforclosuresolutions.com/ and we will give you a call in a few days to answer questions. We will assess your situation and give you straightforward advice.

Sincerely,

Katherine Ahching
Loss Mitigation Consultant
702-953-5977
[e-mail]

Answer 4

I'm going by way of the detailed identical factor you're, most effective my apartment is valued at just about two times that, and we owe greater than the apartment is valued at. You have 2 offerings, you'll be able to placed the apartment available on the market for a brief-sale, or you'll be able to provide it again to the financial institution. Either manner, you will not owe whatever, the change is, whilst you provide it again to the financial institution, it will placed a blemish for your credit score for eight years, with the fast sale, it would possibly not be as unhealthy. Considering the volume you wish to have, it seems like they have already warned you approximately kicking you out of the apartment, which means that the ignored repayments have lengthy been stated, and are a principal black mark for your credit score dossier. Unless you organized together with your lender to droop your repayments till extra become aware of, nevertheless it does not sound like that is the case. You might additionally ask your lender for a house owner help kit, however that will not be as handy as you need. You ought to make your selection now earlier than matters get particularly unhealthy.