Dear Homeowner,
Do you know you still have time to either keep
your home or save your equity or Credit?
There may be additional options
available to you,
but you must take action before it's too late.
Please
contact me directly if you are ready to learn more.
I am a professional real
estate Broker and I can offer valuable assistance.
949-856-9857 Frank Kao Contact me
Are you behind on your mortgage?
Are you worried about losing your
home?
Are you trying to stop foreclosure?
What will a Foreclosure do to my credit?
Do you have 1,2 or even 3 mortgages on your
property?
Have you tried to obtain funds to bring your loan
current without success?
Is your lender refusing to accept your
payments?
Are you worried about having a foreclosure on your credit report
for the next 7-10 years?
Do you need help FAST?
Time is your enemy!
The longer you wait, the harder
it is for us to help you. Yes, we often do pull clients out of the fire at the
last minute but consider this... If your house payments are more than a month
behind, your lender has probably already started foreclosure proceedings against
you. As time passes, thousands of dollars in penalties and legal fees can be
added to the balance you owe. And every single day the interest charges are
growing.
Stop Foreclosure with Loss Mitigation
Programs
Loss mitigation programs were established by the federal
government and the mortgage industry in order to stop home foreclosures. They
help foreclosure victims in default on their mortgages to find alternatives to
home foreclosure. Every homeowner’s situation is unique and each lender has
their own policies regarding the use of these programs to stop foreclosure. Our
extensive experience and solid working relationships with mortgage lenders
allows us help you avoid the common pitfalls that many homeowners encounter
while trying to work things out directly with their lender. After performing a
thorough assessment of your personal finances and analyzing your lender’s loss
mitigation policies our professional loss mitigators will negotiate with your
lender to get you the best possible solution to your home foreclosure problem.
We can help you save your home and credit history through a variety of loss
mitigation options:
You Have Options
If you have fallen
behind on your mortgage you will receive information – and lots of not so subtle
suggestions – from many people who want to take advantage of your temporary
misfortune. They will tell you that time is your enemy and that you must act
immediately to save your credit. That will normally be followed by a proposal to
solve your problem by selling or deeding your property to them.
Don't Do
It!
Don’t do anything until you understand your options.
Here are some of
your options:
Stop Foreclosure with Loss
Mitigation Programs
Loss mitigation programs were established by
the federal government and the mortgage industry in order to stop home
foreclosures. They help foreclosure victims in default on their mortgages to
find alternatives to home foreclosure. Every homeowner’s situation is unique and
each lender has their own policies regarding the use of these programs to stop
foreclosure. Our extensive experience and solid working relationships with
mortgage lenders allows us help you avoid the common pitfalls that many
homeowners encounter while trying to work things out directly with their lender.
After performing a thorough assessment of your personal finances and analyzing
your lender’s loss mitigation policies our professional loss mitigators will
negotiate with your lender to get you the best possible solution to your home
foreclosure problem. We can help you save your home and credit history through a
variety of loss mitigation options:
Sell Your
Property
Sell the property 1.at fair market value
and put your equity in your bank account
– where it belongs. We can help here and
we will be sure you get your equity.
2. Short Sale If you owe more than your home is worth,
you can look at negotiating a discounted
payoff with your mortgage company. We can
negotiate with your mortgage company on your
behalf to get approved for a Short Sale.
We have done hundreds of these and here’s
the best part:
The lender nearly always pays all the sales costs including title and
escrow fees, commissions and most repairs.
Refinance
Refinance the property and pay off
existing loans
We have loan sources for this type of loan,
but the loans are very expensive and they
normally require that the borrower have significant
equity in the property. Nevertheless, refinancing
is an option for some (The New lender Only
go up to LTV 65% to 70% Loan).
Negotiate a Forbearance Agreement
Negotiate a
Forbearance Agreement with your Lender/mortgage company.
For those borrowers
who experienced a very temporary event that caused them to fall behind on their
mortgage, a Forbearance Agreement with the lender is a good option. In most
cases, the mortgage company is going to look for two things when considering a
forbearance agreement.
First, why the loan became delinquent in the first
place. It helps greatly if the problem was something beyond the control of the
borrower – serious illness or injury, temporary disability or a one-time
disruption in income.
Second, that the borrower’s financial difficulties
have been corrected. The mortgage company wants to know that the borrower is now
on a solid footing and can be counted upon to make regular loan payments as
agreed. The new payment will probably include some amount to go to the
delinquent amount.
Do Nothing
Of
course, you could just do nothing. Many go this route because the situation
seems overwhelming. It is a heavy burden, but the consequences of a foreclosure
are serious. Let’s at least consider potential solutions that help you avoid
foreclosure.
Call or send us an email. We can make things easier than they
might seem, and we will do a lot of the legal work.
What will a Foreclosure do to my credit?
By almost any measure a completed foreclosure
is the most damaging event your credit status
can encounter – worse than bankruptcy. A foreclosure on your credit record will
negatively impact your ability to borrow
money for years.
For most people, it is well worth the time
and effort to solve the problem before the
foreclosure is done.
Time is your enemy!
The longer you wait, the harder
it is for us to help you. Yes, we often do pull clients out of the fire at the
last minute but consider this... If your house payments are more than a month
behind, your lender has probably already started foreclosure proceedings against
you. As time passes, thousands of dollars in penalties and legal fees can be
added to the balance you owe. And every single day the interest charges are
growing.
We can help you save your home, equity and credit history
through a variety of loss mitigation options
Please call Today 949-856-9857 Frank Kao frankkao@kingsamerica.com Contact me
Short Sale Properties For Sale Orange County Los Angeles County
Kingsamerica Realty &
Mortgage Corp
15520-B Rockfield Blvd
Irvine, CA
92618