However, you have many options to avoid foreclosure and keep foreclosure off your credit. You can do a short sale, you can do a loan modification, you may qualify for HAFA and get relocation costs, etc. Please call us directly to discuss your specific situation. Our services are FREE for homeowners.
Eli Givoni, Director
Short Sale Department, LLC
MARS Disclosure for General Commercial Communications
Short Sale Department, LLC 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.
Don't give up, i have a list of community agencies that can help. You are not alone.
Because of a law that is currently set to expire at the end of this year, The Federal Mortgage Debt Relief Act, it is adventageous to you to work through things in a timely manner or you may have tax consequences.
I'm also including a link to a non-profit consumer advocacy group that I'm a part of that does all we can to protect homeowners.
If you're like me, you want the best information to help you make the right decision for your family. Please contact me with any other questions.
The guideline is after a minimum of 3 months without payments, the lender can initiate foreclosure proceedings. The foreclosure is a minimum 3 month long process, and during that time you can still try to sell or refinance or modify or bring up the late payments. At the end of that three month time period, the lender can issue a notice of Trustees Sale, and that must be posted at least 3 weeks before the Trustees sale date. If you visit my website, TheJetTeam.com, you can download some free information about foreclosure timeline, processes, and alternatives. Best of luck to you. Liane