Over the course of the next few weeks we will be featuring segments of our newly released eBook, “Avoid Foreclosure following the S.M.A.R.T. S.T.E.P.S. Plan”. This eBook is written to inform Homeowners going through foreclosure and Real Estate Investors about foreclosure. Our eBook highlights “18 options to Avoid Foreclosure”, which we will be sharing with …
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Option 13. PARTIAL CLAIM. (FHA mortgages only) (Some Freddie Mac Investor loans) Definition: This is a loss mitigation option that allows a borrower, with help from a lender, to get an interest-free loan from HUD to bring their mortgage payments up to date You may qualify if: Loan must be 92 days delinquent (4 …
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Jun 252008
Option 12. V.A. LOAN MODIFICATION/ REFUNDING (Available for VA loans only) (Need at least 30 days to process) Definition: VA has the discretionary authority to buy a loan from the holder and take over the servicing. This is called “refunding”. Refunding may give VA the flexibility to consider options to help you save your home …
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Option 10. REPAYMENT PLAN Definition: You coordinate with lender to agree upon a monthly payment and the payment and interest on past due amounts. So, providing you keep up the appropriate payments, at the end of the term you will have repaid the loan in full. Terms are set up in the same way as …
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Option 9. RE-AMORTIZATION. Definition: The delinquency is added to the loan balance in order to bring your payments up to date. Adding past due loan amounts to your current loan balance increases your loan balance and will also increase your monthly payments. The amount of the payment increase will be smaller if the life of …
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Apr 102008
If not – watch this 3 minuteYou-Tube video, RSS IN PLAIN ENGLISH, coaching you why RSS feeds are so helpful! Why are we sharing this information with you? tameraaragon.com has RSS feeds available for investors now. We have added the option for you to receive updates through an RSS feed whenever tameraaragon.com adds a new …
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Option 1. PAY THE DELINQUENCY. Definition: Use personal assets to pay what is past due to get your home out of foreclosure. Under most circumstances, loan holders are required to accept payment of the full delinquency and reinstate the loan even after foreclosure proceedings have begun. Keep in mind, the delinquency may include certain legal …
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Sep 132007
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Pre-Notice of Default (Pre-NOD)