Frequently Asked Questions1- Are You An Attorney?
No. We use out of court resolution methods to get previously defaulted loans re-instated with your lender. As I mentioned elsewhere on this site I started this company several years ago after spending a number of years as a senior loan officer for several different Lenders. I specialized in helping people with less than perfect credit purchase refinance and stop foreclosure on their homes. I then expanded my lending knowledge through Government backed loan products. This lead me to finding effective methods and alternatives for the many people that I came across that just couldn't qualify to refinance their home to prevent forecloure.
2- Do you file bankruptcy?
No. Although chapter 13 can be a form of resolution in saving your home from foreclosure many people don't complete the bankruptcy plans for one reason or another. I come across many who have filed multiple times and dismissed multiple times until they are restricted from re-filing. New bankruptcy laws have made it even tougher for serial filiers. In some cases bankruptcy may be a better option every situation is different. Bankruptcy filings also stay on your credit report or 9-10 years. If you are considering bankruptcy consult with an attorney. There may be links on this site where you can find an attorney. 3- Are you with a Government Agency?
No, we are not affiliated with any government agency. There are however government backed programs that we work with that are available for people who have gone into default on government backed and non government loan products that we can and will work with to get the foreclosure stopped and the loan re-instated if you qualify.
4- I just can't afford this payment with the income that I make what can you do? We try and use every option available to stop a foreclosure which includes all of the different loss mitigation programs, re-financing if that is an option and we may even suggest bankruptcy if we feel that is the best option based on the circumstances. If there just isn't any way that you can afford to keep your property we may make other sugesstions like a quick sale, short sale, deed in lieu of etc... 6- Why should I use your company? What makes you different? We don't assume that we are a fit for everyone. We believe in operating as problem solvers not as people just focusing on trying to close a sale. Services are guaranteed you pay nothing unless we can get a program to resolve your delinquency . Any monies received go into an escrow account. Foreclosure sale date restrictions apply.
The other big advantage we have is the ability to access if need be the loan servicer and the underlying note holder on a loan. Many people/companies that offer foreclosure prevention services don't have this capability. This is critical as many loans are tranferred in the secondary market. Also the lending Government lending experience is critical especially during these time with new and existing programs such as FHA Secure, Help for Homeowners etc.. These programs are Government backed lending programs. 7- How do I qualify? Your hardship ( whatever caused you to fall behind on your mortgage) has to have been temporary. We need to get financial information and information about your hardship. you can call Toll Free 800 736-9310 and speak with a consultant or send us an email info@loan-mitigation-services.com
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