STOP FORECLOSURE AND AVOID BANKRUPTCY

MORTGAGE MODIFICATION

This often involves a negotiated change in the interest rate of the mortgage for the purpose of lowering the mortgage payment and also may include a new principal balance and amortization schedule as a portion of the delinquent balance is added to the existing principal balance of the loan.

PROPERTY LIQUIDATION

It is sometimes necessary or most profitable for an owner to sell a property in order to keep equity interest protected. It is also not unusual to have a situation in which the mortgage amount exceeds the market value of the property. In such instances, we negotiate full satisfaction of the mortgage claim with no further obligation to the borrower.

REINSTATEMENT WORKOUT

This method of addressing a deliquency balance, usually within a 12 month period, is structured according to the level of household income. These payments are made together with those of the regular monthly mortgage payments.

DEED IN LIEU OF FORECLOSURE

This method involves the reliquishment of the deed to the present mortgage holder as full satisfaction of the claim, as the need for litigation is eliminated.