For
some, even the best efforts at negotiation do not yield a solution
to the foreclosure dilemma. However, it may be possible to avoid foreclosure by refinancing through an outside, specialty lender.
Your new lender pays off your original debt, and provides you with
a new loan on your property. Ideally, you will have a fair amount
of equity in your home prior to refinancing (over 30%), but the
investigation process will cost nothing, so you have little to lose
even if you do not meet this guideline. It’s recommended to
speak to a lender even if you believe you have slightly less than
30% equity since home values often go up, it’s likely you
have more equity than you think plus there may be specialty lenders available for home owners in this situation tha have been turned down elsewhere. With refinancing, not only might
you avoid foreclosure, you could even save on debt from your original
mortgage by receiving better terms at a minimal cost.
Call our toll free number or CLICK on the link below to complete our form for a descrete personal consultation with a foreclosure prevention specialist.
speak to a foreclosure specialist.
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