Foreclosure Questions |
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Questions and Answers about foreclosure and how to stop it!
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| Click here for information about loan modifications. |
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What is Foreclosure? |
| Foreclosure is process by which the bank reposesses a home. If a house is being foreclosed it means the homeowner is behind on payments, probably due to circumstances beyond their control. Homeowners being foreclosed are ultimately served with eviction papers and have to move out of the house which the bank or lender then sells.
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How do you Stop Foreclosure on a House? |
| LowerHousePayment.biz works on behalf of the homeowner to resolve mortgage delinquencies or home foreclosure. After a thorough analysis of your financial situation, your lender's mitigation policies, and your state's foreclosure laws, we work with you, the homeowner, to determine the best resolution to your situation. On the homeowner's behalf, we negotiate with the lender for a successful resolution. We do all of this quickly and effectively because we have been doing this for 21 years and have thousands of satisfied customers.
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How Long do I Have to Act? |
| If you are
in foreclosure, the sooner you take action the
better. When you are behind in house payments, time is not your friend. Each day that you put the situation off just makes things more difficult when it comes to negotiating an agreement with the lender. In fact, because they are scared and stop opening the mail and answering the phones, it is not uncommon for some homeowners to be unaware they have already lost their house!
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How Long it Take to Stop Foreclosure? |
| The
process varies according to state laws, but in any situation, time is working against you. The sooner you take action the better. On average, it takes one to two months to negotiate an agreement and stop foreclosure proceedings.
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I Already Talked to my Lender. They Won't Help. Can You? |
| Yes, we can help you. Many people in this situation have tried to reason and negotiate with their lender, with no success. We know the right people to talk to and how the law works. Banks have worked with us for years. They know and trust us. We have years of experience and during that time have developed working relationships with the right people at area banks. Let us help you. We offer a 100% free eligibility assessment. There is no cost and no risk for this free evaluation. We work with a California law firm that has a 99% success rate in getting loan modifications approved.
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Can I File for Bankruptcy to Save my House? |
| According to the American Bar Association, 96% of homeowners who declared bankruptcy ended up losing their homes to foreclosure regardless. Chances are claiming bankruptcy in an effort to save a home may just lead to a "bankruptcy" and a "foreclosure" on your credit report. |
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Do I need to have a special type of mortgage loan for you to help me?
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| No, you do
not need a special type of mortgage to get help. We excel at out-of-court resolutions. It doesn't matter if you have a government or non-government mortgage in delinquency or home foreclosure, we can help. These include FHA, VA, Freddie Mac, Fannie Mae, or Conventional loans. |
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What do you need from me to get the process started?
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| After a 100% free consultation, if our staffs of attorneys believe they can help, they will need some basic financial information for the purpose of putting together a proposal for your lender. |
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Will I have to meet with my lender or deal with paperwork? |
| No. You
will NOT have to meet with your lender. We handle all of the paperwork and negotiating.
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Are lenders and banks really willing to negotiate?
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| Yes!
Definitely! The lender would much rather let a homeowner
keep their home, than acquire the financial responsibility of it. Banks aren't real estate companies and want to acquire as few foreclosures as possible. In reality, they don't want your house. They want you to make payments on it. So, if a realistic proposal is made to save your home, they are open to it.
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What makes you different from other companies?
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| We work
with attorneys to negotiate on your behalf--attorneys
who specialize in mortgage cases. Few companies can say that. Lenders' attorneys and loss mitigation departments are much more open to proposals that come from attorneys rather than individuals or non-legal representation. Perhaps it is because attorneys know the law and the banks fear a lawsuit?
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Do You Offer a Free Consultation? |
| YES! We offer a 100% free consultation. Fill out our quick form and find out in 24-48 hours if you qualify for a loan modification. |
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