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Stop Foreclosure

Late House Payment?

DFW Real Estate Coach ~The Key To Your Real Estate Success

BE AN INFORMED HOMEOWNER

Don't go into the Foreclosure Process Blindly!

Be Aware of Options For Stopping Foreclosure

1. Short Sale

A short sale is when your lender agrees to allow the property to be sold for less than you owe on it. It has become the most common way to stop foreclosure of your home. There are GREAT advantages to doing a short sale on your home verses letting it go into foreclsoure. Among the few are you continue to live in the home as it is put on the market for sale. There is less impact to your credit report in most cases. Laws now protect you from the lender pursuing the loan deficiency. Lenders are now allowing homeowners to purchase homes within a coule of years of a short sale.

If you have recieved a notice of default from your lender contact us IMMEDIATELY.

In most cases the short sale process begins immediately and stops your home from going to foreclosure.

In cases where it is just a few days away from foreclosure the lender is likely to not allow a short sale because they have paid the fees to have the foreclosure done.

2. Loan Modification

Loan modifications have become available through a government intervention to motivate lenders to restructure debt when the homeowner can make the home payments but is just behind. These are most common in situations where a borrower may have lost a job or had other financial circumstances that kept them from paying the payments but now they are able to make the payments due to re-employment or change in their financial circumstances. The highest benefit for this program is that the homeowner will continue to own the home and the payments are reduced.

3. Note Purchase

A note purchase is not common but in many cases is the best option for a homeowner. We have a team of investors that will purchase your defaulted note from the bank. The note is purchased by the note buyer. In many cases the note buyers do a "mortgage makeover" and you continue to live in and own the home. If the mortgage "mortgage makeover" is not an option then a note purchase can still be an option when you agree to transfer ownership of the home to the note buyer. This stops the foreclosure and keeps a short sale and foreclosure from the homeowners credit. Not all homes will qualify for this program but most do. Please note: NEVER agree to deed your home directly to someone. This type of transaction is always best when closed through a title company so that you are protected from predators who prey on challenged homeowners.

The highest benefit when your note is purchased is the bad debt goes away and your credit is spared the more severe negative reporting of a foreclosure. Your credit will repair more quickly which will allow for you to buy another home in a shorter term.

This option is the most beneficial for the homeowner. Very few people even know that it exists, including many REALTORS^®.

The DFW Real Estate Coach is one of an extremely few who offers this option for clients.

4. Do Nothing

This is the worst option for a homeowner. When you do nothing you are destined to foreclosure. You have options! It is most often a heartbreaking circumstance to have to leave your home after investing so much into it. Please don't let this be what happens to you. Get in touch with us immediately.

SAVE YOUR CREDIT AND STOP FORECLOSURE!

TAKE IMMEDIATE ACTION TO STOP FORECLOSURE!

Has your American Dream of home ownership turned into a challenge?

We want to restore your dream and coach you with the options to move forward with as minimal harm to your future as possible. Thousands of homeowners are allowing their homes to be foreclosed without a good understanding of better options that will leave them without the creditors chasing after them for the loan deficiencies. DO NOT BECOME ONE OF THEM!

Foreclosure can be stopped in many cases. There are programs that will postpone the foreclosure of your home and there are programs that will STOP foreclosure of your home. Know the difference!

Some of the options to deal with foreclosures are mentioned on this page in the window to the left. Your lending institution is likely not sharing with you all the options that you have because it is a conflict of interest for them to do so and they are limited in their ability to "give you advice."

Be an informed home owner and understand your options to stop foreclosure. The longer you wait the smaller the window of opportunity is to stop foreclosure. There are some cases where foreclosure cannot be stopped and those cases are the ones where the homeowners have not reached out for a professional to help them. Please don't let this be you.

Our team understands the challenge that you face and how to best serve you during this challenge. Please feel comfortable in knowing that we will not judge you or criticize you for being in a challenging circumstance. We will coach you to find a resolution for your challenge and then work with you to help you make it happen.

For your coaching session complete the form below immediately

Coaching Tip # 1: Be aware that the longer you wait the less opportunity you have to stop the foreclosure process so getting coaching NOW is critical to your success!

Coaching Tip #2: Complete and submit the following Online Home Evaluation form. The more information you give us, the more accurate the evaluation will be and will assist us in helping you. All information you provide is secure and will be kept strictly confidential. Please include in the notes section if you are just behind on payments and how many or whether you have already received notice of foreclosure.

Restore your hope and keep your

American Dream alive and flourishing!

Be Blessed,

Melanie Roberts, DFW Real Estate Coach

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