Trouble Making Payments?
Alternatives to Foreclosure
Keeping Or Not Keeping Your Home
There are a number of solutions for a homeowner facing financial difficulties. Solutions vary from creating a repayment plan to selling the house. Solutions are individualized for each customer and based on all ofthe following:
• Reason for delinquency
• Ability and willingness to pay. The servicer will consider your payment history (have you been making your payments on time until now) and your current financial condition (do your current income and expenses allow you to continue making payments as required)
• How delinquent you are.
• The investor or owner of your loan. The servicer will know the investor policies for working with delinquent borrowers. A servicer must always follow the investor requirements.
• The number of mortgages on your home.
• Occupancy status of the home.
First, list those things you can do that do not involve the servicer. Examples include reducing your expenses, increasing your income and/or selling assets.
IMPORTANT NOTICE: Long Realty Company is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating. Homeowner acknowledges that Broker/Agent is not qualified to provide financial, legal, or tax advice. Therefore, the Seller is advised to obtain professional tax advice and consult independent legal counsel immediately regarding the tax implications and advisability of entering into a short sale agreement. Long Realty Company does not charge an additional fee or commission for its Mortgage Assistance Relief services. However, upon the successful sale of your property a commission will be paid to Long Realty Company per the terms of your Listing Agreement.