SELL YOUR PROPERTY IF YOU CAN’T AFFORD IT,OR THE BANK WILL SELL IT FOR YOU APPROXIMATELY 3 MONTHS FROM THE DATE THE NOTICE OF DEFAULT IS FILED WITH THE COUNTY, WHILE SIMUTANEOUSLY RUINING YOUR CREDIT!

Options, Products & Services to avoid Foreclosure

A. Loss Mitigation (must qualify) : When the lender works with the homeowner through our company to keep the property owner in the property. Our company has the power to make lenders listen through our established contacts and services.

B. Lease – to – Own Option (must qualify): We have a network of investors who are willing to purchase the property and keep the owner in the house with a lease option. They usually purchase the property at a bank-sanctioned discount rate, and can lower the monthly payments needed, allowing the property owner some relief. Later when the owner is back on their feet and a better loan product is out there, they have the option to buy it back.

C. Sale/Short-Sale/Auction: If the property owner is unable/uninterested in loss mitigation or lease to own options, the property owner can still come out being minimally damaged by the foreclosure (i.e. protection of credit, reduction or elimination of penalties and fees). The property can be listed with a Realtor from the FFN, and if the property is not sold within a couple of weeks, FFN will set up an auction for the property to be sold to the highest bidder that is above the lenders reserve price (minimum price that lender will sell property for).

D. Deed in Lieu of Foreclosure & Cash for Keys (must qualify): This option should be used when loss mitigation won’t work but the bank will pay the property owner if they give up the keys, sign a Deed in Lieu of Foreclosure and move out. {Sometimes (particularly in L.A. City/rent control areas) they will give the property owner over $10,000}. Once the Deed in Lieu is signed the foreclosure is reversed and the debt is marked ‘resolved’ on the property owner’s credit history {much more favorable on a credit report}, and you won’t owe all the back-payments, penalties and bank fees.

E. Bankruptcy: Bankruptcy is a major step that will have a lasting impact on your credit reports. If the Notice of Default or Lis Pendens has just been filed on your home, you have sufficient time to explore the option for new loans or selling the property. If the public auction is going to be held very shortly, Chapter 13 bankruptcy is a very common way to delay the sale. When you file bankruptcy, your financial matters fall under the jurisdiction of the courts which could limit your options. This could mean the lender may not want to touch the subject of Loss Mitigation with the property owner. SEEK LEGAL ADVICE FOR YOUR BANKRUPTCY OPTIONS.

To get started the property owner simply fills out an application. We will let you know within 48 hours if you qualify for loss mitigation, and if not what the best options available to you are. FILLING OUT THE APPLICATION IS FREE AND DOES NOT OBLIGATE YOU TO ANYTHING. We can even assist you with credit repair.

RENTERS – if you are renting a property that is being foreclosed upon you will be affected. If a NOD has been filed with the county the owner has gone 90 days without paying part or full mortgage.

We have been established in the industry for 15 years so we know the banks, BUT WE WORK FOR THE PROPERTY OWNER. We use licensed real estate agents like Ally to help you through the process, so you CAN HAVE CONFIDENCE IN US! Why battle with collection agencies, lenders, courts, and risk irreparably harming your credit when 98% of our Loss Mitigation Clients SUCCEED!!!!!!!!!!!!!

CALL ALLY DIRECT AT 323-244-0037 FOR MORE DETAILS & A FREE CONSULTATION!!!!