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Your Options
Whether
your mortgage is for $100,000 or for $10 million, you must
take the first step so we can work together with your lender
to find a solution.
There are several options when you are
facing financial difficulties, especially the burden of a mortgage
looming over your head.
We recommend you review these
options and consider which option you think best fits your
personal situation.
- Loan
Modification or Restructuring
-
Reinstatement
- Repayment
Plan
- Loan
Refinance
- Loan
Forbearance
- Partial
Claim (FHA Loans Only)
- Short
Sale
-
Deed-in-lieu of Foreclosure
Our
financial professionals can offer assistance to determine
your optimal plan of action.
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Our professional
loan modification consultants will be on your side of the
case to find a resolution and save you time. The sooner you
call, the sooner help is available.
Financial
difficulty does not discriminate. It can affect people of
all occupations, all over the country. Financial
difficulties are most often associated with major life
changes such as:
- Job loss
- Cuts in
work hours or overtime
- Decrease
in home value
- Illness, injury, or death of a family
member
- Divorce
or separation
With a loan
modification, the home loan is restructured to such an
extent as to make it affordable and fit comfortably into the
borrower's budget rather than being an overwhelming monthly
drain on already tight finances. Loan modifications come in
different forms and quite frequently they involve the
reduction of mortgage's interest rate for a specified period
of time.
"Unless you’ve been
through the nightmare of a foreclosure, you have no idea how
scary it can be. Beyond the embarrassment of being forced to
move out of your family home, the chances of finding
somewhere else to live, with bad credit, are very slim.
Westwood Properties saved me from that situation and I will
be forever grateful."
- Bruce A. |
