Have you missed a mortgage payment? Are you confused with how to exit forbearance? Struggling with your housing payment but unable to refinance your mortgage?
If so, you’re likely at the beginning stages of evaluating your options for mortgage relief.
Have you tried calling your lender to see what they have to say? If so, they likely told you that if you’re “experiencing financial hardship” you should “fill out a loss mitigation application” but that’s about all the information they give you.
After speaking with a mortgage servicer about relief options you can be left with these questions:
- What am I filling out an application for?
- Does this application stop foreclosure activity?
- Will this application reduce my payment to an affordable amount?
- If I fill out this application, is it guaranteed to save my home?
- Can the bank still come at any point and just take my home?
If this is your situation it would be smart to speak with a mortgage relief attorney to get your questions answered.
How I Can Help You With Mortgage Relief
Saving the Home
Getting Out of the Home
Buying Time and then Transitioning out of the Home
Use the different processes, rights and loss mitigation programs available to you to maximize your time in the home and then transition out of the home prior to foreclosure on a timeline that works for you.
Litigation and/or Bankruptcy
Sometimes, my practice area won’t be the best fit for you and you may need a foreclosure litigator or a bankruptcy attorney. If this is the case, we will talk briefly about these options and then I will provide you a referral to a reputable attorney who is better suited for your situation.
Other topics that we can talk about when we make your plan
- Your best and worst case scenarios
- Your fastest resolution option
- The timeline required for a multiple option strategy
- Your last resort options
If it’s realistic for you to try and achieve your first choice goal, I lay out how we can try to do that. If it’s not, we talk about why it’s not realistic and what is realistic as a foreclosure prevention plan.
Sometimes, we come up with a plan that involves trying something first and then moving to a back-up option if our first choice doesn’t work.
The bottom line is that you have options. Unfortunately, your lender won’t tell you all of them. They are simply a debt collector and aren’t in the business of making it easy on you. Therefore, speaking to an experienced mortgage relief attorney is your first step. Give me a call and we can discuss what a mortgage relief plan looks like for you.
If you’d like to set up a time to talk about your situation, please give me a call at (425) 654-1674.