Loan Modification:

Cost – Most loan modification companies charge you thousands of dollars to do what we can help you do for FREE – absolutely no cost to you.

Principal Reductions – Banks are RARELY (can almost say never) reducing loan balances…. call your bank and ask.

Short Sale:

In essence a short sale will be much easier on your credit than a foreclosure. Fannie Mae states you can buy again after 2 years and right away if you are current on your mortgage while you complete a short sale.

Taxation – The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the “discharge of debt” on their principal residence.

Bankruptcy – Filing bankruptcy will temporarily delay the foreclosure process. Deficiency Judgments and debts discharged through bankruptcy are not considered taxable income. In most cases short sales and debt forgiveness is resolved without filing bankruptcy. Rental Property – Banks will allow short sales on rental property.

Time Frame – Homeowners can stay in their homes while the short sale process is ongoing; in most cases much longer than the foreclosure process.

Cost – NONE… The homeowner pays nothing to close the escrow. The bank covers all the closing costs and commissions.

Foreclosure:

Fannie Mae says the waiting period (after a foreclosure) to get financing on a new home purchase is 5 to 7 years. Foreclosure will impede employment, security clearance, lines of credit and credit card limits…

Taxation – The homeowner may still have a taxable consequence even after foreclosure.

Deficiency Judgment – The homeowner may be sued after the foreclosure sale for any deficiency or loss to the bank. Recourse vs. non-recourse loans, you need to know the difference.

Free Help

Would you like help with any of the following:

• Hardship letters (examples).

• Who do I contact?

• What is the foreclosure process in Florida?

• Benefits of Short Sale compared to Foreclosure.

• What documentation will the bank(s) want to see?

• What is the HAMP program?

• What is the HAFA program?

We Can Help!

We’re here to help you, because we can and we care!

Our meeting will be kept confidential and private. We understand the sensitivity of these topics. Stop wondering what’s going on and get the facts.

Why wait…

Find out what your options are.

Call us today!

You pay nothing and you have so much to gain.