Are you concerned about a possible foreclosure?

I am an "HRC- Home Retention Consultant". Which means in addition to helping people buy and sell homes I have also been trained by and I am paid by mortgage servicers to work with homeowners to help them avoid foreclosure. Please let me try to help you stay in your home and to help keep the foreclosure off your credit report.

Some Foreclosure Facts and Misconceptions ..

• Banks lose an average of $30,000 to $40,000 on a single foreclosure.
• If your bank loses money from foreclosure they can obtain a judgment against you for the rest of their money!
• Foreclosure auctions are in the papers for three weeks. Your neighbors will know!
• Your credit can not be damaged worse than by having a foreclosure on your record.
  
• "I'm so embarrassed!"
  Don't be. There are hundreds of perfectly understandable reasons for situations changing that are beyond your control. Among the most common are divorce, injury, illness and prolonged unemployment. Eventually anyone's savings are going to run out!
  
• "I'm behind on my mortgage and I don't know what to do about it!"
  You're not alone. Most people do not realize just how many options there are available to avoid foreclosure. There are some basic questions you have to ask yourself.
  1) Can you afford your mortgage moving forward? If the payments were slightly lower?
  2) Do you have enough money to bring your mortgage current?
  3) Do you owe more than your home is currently worth?
  
  Depending on your answers to those questions you have the following options:
  

  Repayment Plan
  The option exists to arrange a repayment plan with your lender, applying a portion of your arrearage each month for a period of time, typically between eight and fifteen months. These plans usually also consist of a good will up front payment from the borrower to cover some or all of the expenses incurred such as interest and attorney's fees.

  
  Loan Reinstatement
  Pending a review of your current financial situation your bank may "forgive" that you're not current, allow you to pay some or all of the arrearage, and reinstate your loan.
  
  Loan Modification
  Pending a review of your current financial situation your bank may be willing to "forgive" some of your arrearages, put the balance at the end of your loan, or even possibly lower your interest rate - making your monthly payments lower.
  
  Re-Finance
  Depending on your current financial situation and your credit history you may be able to qualify for a new loan. There are many options available even for people with bad credit and low credit scores.
  
  Pre-Sale / Short Sale
  Lastly, if you can not afford to make your monthly payments any longer you may need to sell your home to prevent foreclosure. This much may be obvious, but what most people don't realize is that it is usually extremely costly for banks to foreclose. If you owe more than your house is worth you still have the option to sell to prevent foreclosure. Most banks are willing to write off a loss on your loan. Why? Because on top of all of the attorneys fees, auctioneer's fees, property maintenance and clean-up costs, losses due to damage,.. and the list goes on - they're still not going to be able to sell the property for any more than you will be able to. Please read below for more information as to why it is critical to have help from someone who is familiar with this process.
  
  "Why do I need YOUR help? Can't any real estate agent help me?"
  It's true, there are many real estate agents who have done "short sales" before. However, I have one major advantage over most every agent in the states of North and South Carolina. I work with a company called Titanium Solutions who pioneered an industry called "Loss Mitigation". They actually have banks pay them, and in turn pay their local agents, to go knock on a borrower's door who is in default, simply to let them know that we want to help them. Titanium Solutions offers all of their local agents special training in how to work with banks to not only get short sales approved, but also to assist with all of the other foreclosure avoidance methods. This also means that I have "back door" access to many of the largest mortgage lenders. I don't know of many other agents in the area that work with Titanium Solutions, so they don't have this type of access or training!
  
  "I called my bank already hoping to work out something with them and they just told me to wait for the foreclosure notice!"
  I realize that sometimes the banking industry seems like the big bad wolf, but please realize that they are in the business of making money. Even if you are trying to work with your loan servicer on a workout they cannot afford to take the risk to stop their collection / foreclosure process UNTIL the workout is complete. That being said, every servicer I've spoken with at the highest levels of management have said that they're working very hard to educate their own staff on better ways to manage their calls. The last thing they want to do is alienate their borrowers. Believe it or not, the person on the other end of the phone is human too, and they're just trying to do their job.
  
  "Don't you only make money if you sell my house. Why should I call you?"
  Yes, while it's true I only make money if I sell a house (unless I'm working on a loss mitigation assignment), I would still like to try and help you stop your foreclosure. It is my hope that if I can help you out you will remember me, refer people to us, and when you're back on your feet and ready for that upgrade (or downsizing) you will call on me.

  PLEASE DON'T BE EMBARRASSED TO ASK FOR HELP. EVEN IF YOU ARE IN CONTACT WITH YOUR BANK ALREADY, IF YOU ARE HAVING TROUBLES WORKING WITH THEM I WOULD LIKE TO HELP YOU. CALL ME or EMAIL ME NOW FOR A FREE CONFIDENTIAL CONSULTATION.