Fresh Start for Homeowner
503-761-1333
877-786-7367
        
         Confidential...
         Courteous...
         Professional...

"Thank you for your help with the house. We wanted to stay right where we are and you did exactly what you said you would do. We were able to keep our home"
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Your Options
 
As a Homeowner that's in or near Foreclosure, you DO have options
Listed here are your options:
 

Refinancing:

Pros:

• Make up your back payments
• Start fresh with a new loan
• Stop the foreclosure
• Credit back on track

Cons:
• Back payments prevent a refinance
• Higher interest rate which means higher
   payment
• Mortgage broker may not get it done in    time

Negotiating a Workout or Forbearance:

Pros:
• Stops the foreclosure
• Chance to get back on track
• Stay in your home
Pros:
• Down payment to lender
• Monthly payment can go up significantly
• Still reflects on your credit
• One missed payment and the lender can   foreclose

Sell Your House:

Pros:
• Avoid the foreclosure
• No more marks on your credit
• Fresh start
• Cash to start over
• It's all behind you
• We can buy your house before the   foreclosure, EVEN if you have no equity!
Cons:
• You have to move (we can help you with   that)

Bankruptcy:

Pros:
• Postpones the foreclosure
• Stay in the house (temporarily)
• Possible payment arrangement
Cons:
• On your credit for many years
• Lender may still be able to foreclose
   this may only be a temporary fix
• Must pay an attorney
 
 
IMPORTANT NOTE:
From experience over the years bankruptcy the majority of the time delays the
foreclosure and tarnishes your credit.  However, if this is the route you choose
contact a qualified bankruptcy attorney.
 

Lease option:

Pros:
• Stay in the home
• reasonable monthly payment
• Capture any equity appreciation during
   the lease period
Cons:
• No longer own the home until you
  purchase back the home later
• If you default in your rent payment you
  could lose your option to purchase the
  home back.
 
Click here to learn about services that we do provide and how we can Stop your Foreclosure FAST!

Call Today 503-761-1333
            877-786-7367
Confidential - Courteous - Professional
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