Foreclosure Help: Foreclosure Specialist has the Answers to your Questions - Foreclosure Consultant Serving Oakland County Residents

Losing Your Home?

We understand that you are going through a very difficult time as you face the possibility of losing your home to foreclosure. You are not alone as over 200,000 people in the state of Michigan lost their homes to foreclosure in the last year. Sadly, this will happen to thousands more in the next year.

There are many reasons responsible, hardworking people find themselves in this situation, including death, divorce, job loss and inflation. A major contributor to the increase in foreclosures has been named the "mortgage melt-down," which began in the late 1990's when interest rates were low and people were refinancing their homes and using the equity to pay off other debts or improve their lifestyle. Then in 2001 -2003, lenders were offering 100% financing with an adjustable rate mortgage (ARM). The rate was incredibly low, fixed for 3 years, and then it was to fluctuate according to the market. For a lot of people, this meant a substantial increase in their mortgage payment.

Most people planned to refinance to a fixed rate by the time this happened, however, rising unemployment and declining market values made this difficult if not impossible. Now they face foreclosure because they are unable to make their mortgage payments. Many of these distressed homeowners have always been hardworking, responsible people with great credit. Now they are feeling confused and helpless. They don't know who to turn to for help as their mortgage company calls or sends letters demanding they catch up their delinquent payments.

Perhaps you are also receiving letters from companies promising to save your home from foreclosure or stop your foreclosure. You contact them just to find out that there is a charge for the service...a charge of up to $2,500 or more! These companies just give you false hope, with no real solution, while they prey on the last bit of savings you have.

We would like to help you at ABSOLUTELY NO CHARGE to you. We do get paid for our services, but not by you. We do not offer a "too good to be true" guarantee. We work with your lender to negotiate a short sale, where your lender agrees to accept less than what is owed on your mortgage to fully satisfy your debt. We also ask that your lender provide to you, in writing, a document of FULL SATISFACTION of your debt. Many lenders will accept a short sale because they realize that if they go through the entire process of foreclosure and the expense of eviction, securing the home, doing repairs to the home and placing the home on the market to sell, they stand to take a much larger loss than if they accept a short sale now.

This service will help you because you will not have a foreclosure on your credit report. A foreclosure will reduce your credit score by at least 250 points and it will take years to repair the damage.

We will continue our service to you by helping you find an affordable home that you can rent, rent to own, or purchase on a short term land contract. Meanwhile, we will refer you to someone who can help you restore your credit so that you will be able to refinance your new home with a fixed rate mortgage.

You do have options, no matter where you are in the foreclosure process, but the sooner you get started, the easier it will be and less damage will be done to your credit. Call us today for a free consultation and we will explain your options and help you stop the foreclosure process and begin to move forward with your life.

Email homes.oakland@gmail.com