Choose the scenario that best suits your situation.
Foreclosure Prevention
Stopping Foreclosure
I'm About To Lose My Home
Prevent Foreclosure
Loan Rescue Programs helps homeowners that are distressed or on the brink of financial distress.
Our attorneys have the resources to stop foreclosure
97% of the time. Loan rescue programs will help you stop foreclosure, allow you to retain your home
and rescue it from the sea of debt.
We offer services like Loan Modifications, Short Sales, and Deeds In-Lieu. We also have the ability to refinance regardless of your credit score through private lenders. These are 100% legal methods used by our team of attorneys to stop foreclosure.
Not in foreclosure yet? We have Foreclosure Prevention Advice to keep you on the right path. If you feel it may already be too late to prevent foreclosure contact us for assistance.
Our goal is to prevent foreclosure and give you a fresh start.
Our 97% Success Rate in Home Retention
Using loan modification programs
and other techniques our specialists work with your lender or lenders to provide you with a unique, professional plan that you and your lender can accept to stop foreclosure.
We understand that you have a serious problem and only a short time to overcome the real possibility of losing your home to foreclosure. We can stop foreclosure for you but you must act quickly.
We know your lender wants you to prevent foreclosure which is one of our greatest assets. The lender wants to see a provable relationship between your income and expenses that will ensure them and the federal regulators that you will be able to make your payments in the future. The lender does not want to lose money through the foreclosure process which provides us leverage to stop foreclosure.
Typical results of our loan modification & programs & loan restructuring programs
Loan Modification Programs
Did you know that 99% of all prime lenders and 70% of sub-prime lenders will negotiate a loan modification where most of the delinquent payments and foreclosure fees are either wiped out or added onto the back end of your loan. Payments can remain approximately the same as they are. In most cases you will have a permanent interest rate reduction.
Interest Rate Reduction & Payment Rate Reduction
Interest rates are at an all time high and you may faced with mortgage payments you can no longer afford. Our job is to convince the current lender that it is better to lower the your payment by lowering the interest rate or payment rate by creating a payment plan the you can afford, rather than to take the home with a foreclosure sale and lose money on the re-sale. The lender knows this and we know this. We use this to your advantage to stop forecosure. Keep in mind lenders lose money on bank owned properties as it will sell for less than market value. Plus they must pay a commission to a Realtor and closing cost in addition to the cost of holding the property while they wait for a sale in a market that is still depreciating. This technique stops foreclosure by showing the bank they make more money by allowing you to keep your home.
We need to prove to the lender what the maximum payment is that you can afford by creating a financial plan for you that your lender will approve.
It is likely that you are often late with your payments and in foreclosure or soon to be in foreclosure, we need to ask the lender to forgive your delinquent payments or put them on the back of the loan.
An interest rate reduction in most cases is the only possibility for a homeowner to stop foreclosure and retain their home.
Principal Reduction
When a property is upside down and you are facing foreclosure, you have more leverage to stop foreclosure then you may realize. It is our job to force that leverage upon that lender. In doing so, we are successful in wiping out large portions of your principle. Typically 50-80% on seconds.
In today's market, we can also convince the lender of first lien holders to lower the principle amount to the present market value. (ex: a homeowner owes $600,000 on first but the appraised value is $500,000. We can convince the lender to lower the loan amount to $500,000.) That is a $100,000 reduction in principle for you.
Deed in Lieu of Foreclosure
Under many conditions lenders will accept the property back from the you as full payment in order to save the time and expense of going through the foreclosure process.
Our job is to convince the lender it's in their best interest to accept the property as payment in full.
This is not a simple plan as we must provide the lender with a complex detailed analysis of current value of the property and future value. Then we must prove that the you cannot afford to make payment or sell the home any time soon or at all.
A deed in lieu will also prevent the lender from filing a 1099 on their loss which is regular income to the you.