Proven Plans to Stopping Foreclosure

Are you facing the possibility of losing your home to a foreclosure due to some unforeseen hardship? Unfortunately, this happens to thousands of people every day, but you don't have to be one of them!

I can help you and your family with a much-deserved “fresh start” by eliminating the threat against your home and credit. No matter how you got into this situation-- loss of employment, divorce, medical expenses, etc., I can work with you and your lender to get you out of foreclosure and move forward in a positive direction.

I want to help you save your home and get you back to where you need to be-- back in charge of your finances.

Foreclosure is something that can happen when you get behind on your mortgage loan no matter how you got behind. Your lender does not want to foreclose on your home, but they won't automatically put you into a program to bring your loan up-to-date. You must work with a company like Homeowner Resources to put a plan into motion that will stop the foreclosure proceedings and get you back on track. The two ways to stop the foreclosure process are:

1. Catch up with your payments and stay current on your loan
2. Negotiate with your lender to sell your home at a discount
3. Sell your home to Homeowner Resources

1. The first way is to either come up with the money to pay your past payments and stay current on your mortgage. Generally this is not a viable option for most homeowners in foreclosure since making payments has been a problem. We can work with you to get your loan current, improve your credit score and stop the foreclosure proceedings by purchasing your home. This is done by selling us your home via the Equity Split method outlined below.

2. If you do not have a great amount of equity in your home, or even owe more than the value of the home, we can work with you and your lender using a Short Sale process. The Short Sale uses mediation as the key to stopping the foreclosure. As we stated before, your lender does not want to foreclose and is usually willing to agree to terms to stop foreclosure. These terms are negotiable and it is to your advantage to work with us to develop a plan of action. This plan needs to be thoroughly analyzed before presenting it to your lender as it becomes very difficult to adjust it. Our experience with this process will have us working with your lender to stop foreclosure on your home and get you back on the right financial track.

3. If you have substantial equity in your home, why risk losing it? Homeowner Resources will work with you to do an "equity split" where you sell your home to us, and you get your mortgage current and a large amount of cash to get a fresh start on your finances.

If you would like to discuss working with Homeowner Resources to stop your foreclosure, please complete our contact form or call us at 360.850.1123. We want to help you get out of foreclosure and get a fresh start!