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WHAT CAN HOMEOWNER ASSISTANCE DO TO HELP ME?
Homeowner Assistance Services has been helping home owners avoid foreclosure since 1994.
Our specialists will consult with you about your current situation. We will analyze your current
situation and review your options with you. This way we can identify a workout program that will work
for you and most importantly one you can live with. Once we have reviewed and identified your best
option. We will prepare a precise detailed plan and professionally present it to all the appropriate parties.
We have an innovative program that has a proven track record. Below is a
brief description of some of the most common options considered and used:
- Forbearance or Moratorium: Many lenders favor this program but you must fully understand the pros
and cons. Your lender may voluntarily agree to accept a payment plan that would allow you to pay your
regular payment plus a fractional payment that would bring your mortgage account current in a short period
of time. Your lender may agree to allow you to make your regular payment and then on a specified date make
a lump sum payment, which would then cure your default. These two workout methods are the most commonly used,
however these workouts require certain formats that we have and understand here at Homeowner Assistance Services.
- Deed in Lieu of Foreclosure: You may choose to try and sell your home before the foreclosure sale occurs.
It should be noted that time is of the essence and you should consider other options we will discuss with you.
In the event that you try to sale your house you may be subject to attorney costs as well as a realtor’s commission.
This may cause you to come up short and this can cause you to come up short and cause a deficiency so beware.
- Reamortization : If your loan is reamortized, this will increase your loan balance and possibly your payment. It is
important that you fully understand the ramifications of a loan
reamortization. We specialize in providing you with answers and solutions.
- Refunding: This is a program that is exclusive to VA mortgage loans. VA has the discretionary authority to buy
a loan from the mortgage holder and take over the servicing. If you have the ability in the near future, but your
loan holder has decided it cannot extend further forbearance or payment plan, you may qualify for refunding.
- Many state and local governments, as well as private charitable organizations and investors, have programs which
will pay all or part of your arrearage. Homeowner Assistance Services has worked with many private investors willing
to consider helping home owners in distress.
The above options are considered the most common and are usually used. Homeowner Assistance Services will consult with you to help and find the best way to stop your foreclosure. Our staff is standing by to help, so contact us today.
Stop your foreclosure……
Get started today………
Lets find a solution……
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