Want To Learn How To Stop Foreclosure Now?
So, are you in foreclosure and want to learn how to stop foreclosure now? We’ve created free online guides to help homeowners just like you find out your options on getting out of the sticky situation you’re in right now.
You aren’t the first person to go through a foreclosure… and won’t be the last. So don’t feel ashamed. It happens.
The best thing you can do right now is educate yourself on your options. For some people selling your home is the best option (we’ll make a fair all cash offer on your house today, just let us know about your situation here <<), sometimes we’re able to help homeowners STOP FORECLOSURE completely, and sometimes there are other options. So, click one of the buttons above to get your free foreclosure guide.
Stop Foreclosure Fast
Falling behind on a mortgage is easy to do for even the most fiscally responsible, punctual adults. Unfortunately, financial difficulties can strike any individual at any time, whether from family emergencies or holiday spending. But don’t be ashamed – once you realize there’s a problem, work fast to fix it and avoid getting too deep in debt.
Home Remedy Investments LLC can help you get out of a foreclosure situation quickly and in a way that’s favorable to you. After that, it’s up to you to make financial changes that keep this problem from coming up again! Here’s how:
- First, identify the problem that’s causing you to fall short each month. In the case of job loss or illness it’s easy to see the problem and harder to fix it, but where does all the money go when you’re employed and not facing an emergency or illness?
- If you haven’t already, you need to create a budget. This involves writing down your income, debts, minimum payments and interest rates. You also need to list monthly expenses and costs for necessities, such as gasoline and groceries. You will need this information for the mortgage bank or to file bankruptcy.
Forbearance and Loan Modification
Since lenders don’t like to enforce last resorts because of the cost and time involved, they offer several options to avoid foreclosure. These include forbearance, modification or temporary interest rate deductions. The Department of Housing and Urban Development also offers loan modification and refinancing programs, even if you have lost your job.
A forbearance agreement lets you make lower monthly payments for a limited time. In some cases, you might get to skip payments for a few months. However, at the end of the agreement you will have to make larger payments in order to make up the difference.
A modification permanently alters the mortgage terms. This could include extending the loan term, getting an interest rate reduction, adding what is owed to the principal balance or obtaining a principal forbearance. The latter lets you decrease the payment, but you turn the arrears into a lump sum that becomes due at the end of the mortgage term.
You can also refinance the loan if your credit is still good enough to allow this. It also helps if you have a sizable equity in the home. You don’t have to refinance with the current lender, but this step should be taken as soon as possible before past due payments affect credit rating.
How We Can Help
If you are facing foreclosure on your Kansas City home and don’t have time to research and go through all your options on your own, we may be able to help. In some cases, it is possible for a homeowner to keep their home while going through a foreclosure.
Whether you’re already in foreclosure, or you’re not quite there yet but it’s on the horizon, tell us about your situation and see how we can help. Contact Home Remedy Investments LLC today to explore your options.
5 Ways To Stop or Avoid Foreclosure In Today’s Market – FREE Guide:
Need more information on the foreclosure process and How To Stop Foreclosure? Download our FREE Stop Foreclosure Guide here. Or, you can always feel free to Contact us anytime if you have questions, want a no hassle Situation Evaluation, or want to just learn more about how we can help homeowners avoid foreclosure or sell unwanted properties for cash.