|
Wondering what a homeowner should expect when payments are missed? The most important thing to know is that no matter what stage of default a homeowner is in, there is almost always a way to avoid foreclosure. That being said, the quicker a homeowner does something about the situation, the less challenging it will be to resolve.
First, here’s what a distressed homeowner should expect to happen when payments are missed:
30 Days Late: The lender will attempt phone contact or send a notice in the mail.
60 Days Late: The lender will attempt to make contact by phone and follow up with another letter in the mail.
90 Days Late: The lender will send a letter demanding all past due amounts within 30 days and start the foreclosure process.
120 Days or More Late: The lender’s attorneys will take over and the homeowner will be responsible for their fees in addition to missed mortgage payments and the loan amount due.
Not late yet, but about to be?
Homeowners that are not late but foresee missing payments should communicate this to their lenders as soon as possible. In the past, many banks wouldn’t work with homeowners unless they were one or more payments behind. In light of the mortgage crisis, most lenders who would rather take a proactive stance and decrease their loan losses. They are more willing than ever to work with homeowners to avoid being late.
If you are visiting my website, you or someone you care about may miss mortgage payments in the near future. I can help navigate the process and put you back on a path to financial stability. Contact me today and alleviate the stress that comes with unaffordable mortgage payments.
If you've spent too much of 2011 living under the dark cloud of an unaffordable house payment, you're in good company. Current estimates are that more than 25 percent of all homeowners in this country would net less on the sale of their home than the amount they owe on their mortgage, and 6.3 million homeowners are in some stage of foreclosure.
The good news is that you have options. Helping homeowners to avoid foreclosure has actually emerged into the spotlight of as a national priority, with major banks, the Federal government and many state and local agencies offering more assistance than ever before to financially strapped homeowners.
As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I am tapped into the full scope of solutions for helping financially distressed homeowners to make a fresh start. If you'd like to learn more, I invite you to access my free report: "Mortgage Payments Weighing You Down? Give Yourself the Gift of a Fresh Start."
Contact me today and let's get started!
Millions of homeowners fell behind on their mortgage payments last year, and then proceeded to fall further behind every month.
These are tough times and there are no easy answers.
The fact is, major lenders, the federal government, and local agencies across the country have stepped up their efforts to stem the tide of foreclosures. More help is available than ever before.
As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I am knowledgeable and adept at navigating among the full range of solutions for helping financially distressed homeowners to make a fresh start.
Looking to learn more? Check out my free report: "Tipping the Scales Toward Foreclosure? Resolve to Shed the Weight of an Unmanageable Mortgage in 2012."
And if you, or someone you care about is looking to tip the scales back into financial solvency, contact me today for a confidential consultation!
 |
|
|
Helping buyers and sellers in Manatee & Hillsborough Counties with the home buying and selling process. Request free reports and search the MLS right from my site. Visit http://ReynoldsRealty.com to
Reynolds Realty has been open since July 2004 with the main office in Palmetto (Manatee County). We opened a second branch office in Riverview (Hillsborough County) in October 2005. Linda Reynolds is the Broker of the company. Linda has over 30 years experience in Corporate America with a combination of Management and Computer Consulting with a vast array of computer background knowledge and education. Her past career has been customer serviced based so she fully understands the power of customer service and passes that same philosophy on to all of the agents within her company. This attribute makes us stand out above the rest, because we put YOU first. We always make ourselves available for questions without being high pressured. Anytime you have a question about real estate, feel free to ask, we will be happy to assist. Also if you know of anyone who is looking to buy or sell real estate in Manatee or Hillsborough County please pass our contact information along and invite them to visit our website. It is full of valuable information.
Bradenton, Palmetto, Ellenton, Parrish, Sun City Center, Riverview, Ruskin, Apollo Beach, Brandon, Tampa, Lakeland Valrico Lithia. Whether you are a first time home buyer or an investor looking for properties, I can help you find exactly what you are looking for. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale with my New Listings Notification.
Visit our Seller Info Center to get FREE reports on selling a home, request a FREE seller CD full of tips on getting your home ready to put on the market, request a FREE market analysis on your home, and much more. Click Here to enter
If you are interested in particular areas, check out these websites:
CITIES SERVICED IN MANATEE COUNTY:
NEIGHBORHOODS SPECIALIZED IN PARRISH:
SPECIALIZED NEIGHBORHOODS IN PALMETTO:
SPECIALIZED NEIGHBORHOODS IN ELLENTON:
CITIES SERVICED IN HILLSBOROUGH COUNTY:
Website Links:
Linda Reynolds has proven herself as a wonderful real estate agent. When we were looking for a new home, she had professionalism, courtesy, and patience when it came to our needs. She always listened and always gave her best advice. Never giving up, she found us the right home. To have Linda Reynolds as your real estate agent will be in your benefit. Not only did we find the home of our dreams, we've also found a true friend. A.V. Our experience with Linda Reynolds has been wonderful. She sincerely cares about our family and listened to our thoughts and ideas when we were purchasing our home. She was patient with us and worked diligently to find exactly the home we were searching for. Now that the time has come to move on, we wouldn't trust the sale of our house to anyone but Linda. We know we will get great service from a professional who will put our needs first. She really is our "real estate agent for life". J.N.
Enjoyed working with you. As you know I had alot of concerns and you answered them. Looking forward to working with you when I'm ready to buy again. C.P.
Excellent job, top performer for the fast sale of the house. I would recommend Reynolds Realty to friends and family. K.S.
It has been very good for all of our family members working with Linda. Our sincere thanks for all of her efforts in two sales. A.S.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2013 ActiveRain Corp. All Rights Reserved
