Homeowners Facing the Loss of Their Home

For most families, a home is not only a serious financial investment but also a source of pride and love. The loss of a home, due to unexpected events such as unemployment, or a death in the family can be financially and devastating.

If you have been laid off or facing unemployment there are ways to keep your home and stop foreclosure.

Prioritize Your Debts
For the unemployed, getting by will require a new, tightened budget. Prioritize your spending and pay those most necessary for your family: food, utilities and shelter.

Failing to pay any of your debts can seriously affect your credit rating. However, if you stop making your mortgage payments you could lose your house. Loan rescue programs can help with Credit Report Repair If it comes down to the credit report or your home you need to put your home first.
Protect your family in the event Illness, injury, or death of a family member
Prevention is the best medicine. If you do not already have insurance in the event of Illness, injury, or death of a family member you should consider it. Dynamic Life Protection provides mortgage insurance at a reasonable cost. Your family would never need to worry about their home should someone be struck with Illness, injury, or death of a family member.
If you can keep your mortgage current, do it. However, if you find that you are unable to make your mortgage payments, you can qualify for a loan workout option. Check with us to find out which of these options may be available. We can tell you more about these options. Contact loan rescue programs for details on these types of programs.
- Reinstatement: Your lender is always willing to discuss accepting the total amount owed to them in a lump sum by a specific date. They will often combine this option with a Forbearance.
- Forbearance: Your lender may allow you to reduce or suspend payments for a short period of time after which another option must be agreed upon to bring your loan current. A forbearance option is often combined with a Reinstatement when you know you will have enough money to bring the account current at a specific time in the future. The money might come from a hiring bonus, investment, insurance settlement, or a tax refund.
- Repayment Plan: You may be able to get an agreement to resume making your regular monthly payments, in addition to a portion of the past due payments each month until you are caught up.

Beware Of Scams
Loan Rescue Programs has references and former FHA and HUD professionals working for them.

Beware of:
- Equity skimming: a buyer offers to repay the mortgage or sell the property if you sign over the deed and move out.
- Do not sign anything you do not understand. It is your right and duty to ask questions.
- Information is your best defense against becoming a victim of predatory lending especially for a desperate homeowner!
Contact Us
When you have financial woes and you're trying to stop foreclosure you need to know all your options. If you feel it's too late for that then contact loan rescue programs.. The sooner you do the better off you will be. Don't wait too long before you go past the point of no return.