What is foreclosure? HOW TO "STOP THE FORECLOSURE PROCESS"
"Even though the economy is recovering and real-estate values in many areas have gimproved, many home owners still owe more on their mortgage then their home is worth"
Many people can no longer afforded their mortgage payment but do not have the credit quality for a refinance and often owe substantially more on their mortgage than their home is worth.Fortunately there are many alternatives to foreclosure.Through “Loss Mitigation”, the practice of minimizing the loss that would be produced by foreclosure many home owners can be helped. What is foreclosure? It's when you fall behind on your mortgage payment and the bank takes your home, sells it at foreclosure auction to recover some of their funds. A foreclosure definition is "the banks process of taking ownerdhip of your home as a result of you having defaulted on your mortage payment. "Are you asking yourself what is my laternative when faced with the foreclsoure process?"
More affordable terms may be negotiate with a mortgage lender though modification.
Unfortunately most borrowers get lost in the "pre-foreclosure process", give up in defeat and end up in foreclosure. The foreclsoure timeline in Texas is the shortest in the nation. Texas has non judicial foreclosures on most mortgage loans. The TX. home foreclosure process can be a very fast, leaving a home owner in shock. Are you facing foreclosure proceedings? Get help today. I can be free and ssave your home.
Even if modification is beyond the scope of possibility, foreclosuring may still be avoided by selling the home for less than the mortgage balance “short sale”, deed for lease, or deed in lieu of foreclosure.
If liquidation is the only solution we will also help the borrower find a home to rent or a purchase with owner financing
You may ask what is a short sale? Its a method to sell your home even when you owe more then it's worth
The majority of borrowers do not make mortgage payments during the loss mitigation process, freeing needed cash flow and allowing the trouble home owner to regain financial stability.
If you can no longer afford your home please contact "Progressive Southern Loss Mitigation" for foreclosure alternaitves. We have 25 years mortgage banking and real estate experience. We work with foreclosure attorneys and bankruptcy lawyers to effect the optimal client result. Don't stand by while your home is foreclosed. Conact us today for a FREE foreclosure prevention consultation. You have nothing to lose. We can oftern get money for you to reloacte as part of the foreclosure prevetion process.