Residential Properties

Did you try to refinance and found out it is not possible for you?

Are you so upside down you're not even sure if you want to fight for your home?

Do you have unanswered questions?

A Principal Reduction Plan, Loan Modification or Short Sale May Best Help Your Family!

This is not a refinance. I give you a free consultation and show you ALL your options. You may opt for a Principal Reduction Plan, whereby you could eliminate your negative equity to current market value of your home (you must qualify - credit is NOT a qualification point), or an Attorney negotiated loan modification. Just let me know what you want at your FREE CONSULTATION! 

Why use a Professional?

• Save Time - Getting any loss mitigation task completed can be an exhausting and confusing process. Is the best use of your time spent waiting on hold for hours with your bank?
• An Advocate for You - Dealing with banks is scary, especially with your home at stake. You want an advocate working for you that speaks the banks' language.
• Consider All Options - My team can also help you with a forensic loan audit, refinance or short sale – whatever best suits your needs and UNIQUE situation!

Time is Your Enemy

• According to the New York Times, "About 1 in 11 Mortgage Holders Face Loan Problems"
• All programs are subject to change. Let's try to qualify you quickly.

You must ACT FAST to Save Your Home! Contact me today.

 What is a PRINCIPAL REDUCTION Program?

The Principal Reduction Program is backed by private investor groups to help homeowners eliminate negative equity. All applications are meticulously evaluated and underwritten to ensure that homeowners are qualified for the principal reduction program.

Benefits of the Principal Reduction Program:

• A new mortgage with a principal balance set at the current market value of your home
• A low fixed interest rate
• Any loan amount qualifies
• Primary and secondary residences can enter the program
• Will accept first and second mortgages, along with (Home Equity Lines) HELOCs
• Credit reporting of your current mortgage as "payment in full"
• Investment Properties/Second Homes Are Candidates For This Program

What is a NO UPFRONT FEE Loan Modification?

Loan modification is a process that allows homeowners and lenders to change the terms of a loan in order to help the borrower stop foreclosure. A loan modification is NOT a new loan. It is the renegotiation - or loan restructuring - of an existing mortgage note. For homeowners behind on their mortgage, or those with a low credit score, a loan modification is often the only option available because they are unable to get approved for a mortgage refinance or a short-refinance.

A loan modification can be done in several ways or combination of ways listed below:

• the loan's interest rate may be decreased
• the interest rate could be changed from an adjustable to a fixed rate
• the period of time the borrower has to pay the loan back can be lengthened
• the type of loan could be changed altogether

Many borrowers are facing foreclosure because their interest only or variable rate loan interest terms have sky rocketed beyond what they could have imagined. A loan restructuring is an agreeable way for both the lender and the borrower to avoid the cost and hassle of the foreclosure process.

 
What is a Short Sale?

Short Sale is the process whereby borrowers who are facing foreclosure may ask the lender to accept a discounted payoff on their loan.  In other words, the lender is agreeing to take less money for the property in a sale than the owners owe them because the property is upside down in value.  This process, if successful, allows the owner to avoid a foreclosure action, and may offer the lender a quicker and less costly resolution to the situation.

Since this is a highly specialized type of transaction, it is best handled by a very experienced and efficient real estate brokerage who is familiar with the process and has had successful short sale closings.