In Re-possession? There is help.

Re-possession, without a doubt is one of the scariest things that can happen to you and your family. The number of Re-possessions in this country is at an all time high. Unscrupulous lenders have convinced many home owners that adjustable rate mortgages (ARMs) were the way to go and now many home owners are finding that their mortgage bill is pricing them right out of their own home.
If your home is in Re-possession or pre-Re-possession, you still have options! First, you must stay positive. Talk to your spouse, make sure they know what is happening and talk about your options. Many spouses are caught off guard because they are normally not involved with the household finances. You two are a team, and two heads are better than one. Second, know what your options are, and believe it or not, there are a number of them that might be right for you.
One option that will allow you to keep your home and keep your credit score from bottoming out is to negotiate with your bank. Your bank is not in the housing business, they don’t really want to foreclose on your home and they only do it if they are certain that it is their only chance at recovering their money. Give them a call, talk to your banker, be frank, be personal and let them know what the situation is and if you have any ideas about getting back on track.
If you aren’t sure what you can talk to them about, then you should contact us right away. Our Re-possession consultation will map out a plan for you to negotiate with your bank to get back on track to save your home.
Another option is the U.S. Government’s new hot line 1-888-995-HOPE that has been setup to help those homeowners who are behind on their mortgages and think that an interest rate freeze on their mortgage might be helpful. If your rates have already been reset, from your introductory rate of 7 to 8 percent to a new rate as high as 11 percent, unfortunately, the new Bush plan will not assist you. However, if you are among the 2 million sub-prime home owners who’s rates are due for increase, you can be helped by the Bush administration plan. The plan is to help you refinance through the FHA which is more likely to refinance a poor credit history that a traditional bank, especially in the wake of the mortgage market collapse.
Watch out for smooth talking investors who are offering to help you. Some are honest and decent, others are not. Do not agree to anything you do not understand. Consult an attorney or an independent real estate agent, at the very least before you agree to even the best sounding of bail out deals.
Our specialty is in dealing with homeowners that, by many different circumstances have found themselves in Re-possession proceedings. We provide a service that has no guarantees but we are professionals in this particular field of study and will make every effort to help you avoid Re-possession and keep your home. We are truly motivated by helping families Stop Re-possession, Avoid Re-possession, Avoid Bankruptcy and save their home.
Our response to you is based on our extensive experience helping homeowners save their homes from Re-possession. You should consult with an attorney and/or financial advisor before acting upon any information received. It is with the understanding that neither the publisher nor the author is engaged in rendering legal, accounting, investment or other professional advice or services. Information obtained from this web-site, including e-mail responses should be considered as general educational information. You must never rely solely upon the advice given here. Your individual situation may not fit the generalizations discussed. Only your attorney or accountant can evaluate your individual situation and give you advice. If legal advice, or other expert assistance is required, the services of a competent professional person should be retained. The web site owner(s) and our subsidiaries, affiliates, officers, directors, agents, and employees, specifically disclaim any liability, loss or risk, personal or otherwise, incurred as a consequence directly or indirectly of the use and application of any information you obtain as a result of your use of this site. You agree to indemnify and hold us and our subsidiaries, affiliates, officers, directors, agents, and employees, harmless from any claim or demand, arising out of your use of any information you obtain from this web site, links from this web site, or via e-mail in response to your question posted on this web site or e-mailed to us.Don’t Delay! Get Started Now!