Foreclosure Solutions works with you to achieve a more positive outcome than foreclosure.

Turn to Foreclosure Solutions for expert guidance. Being in a situation where you can no longer afford your mortgage can feel overwhelming. Having a trusted partner to help you navigate your options will put you ease. It is our mission to educate homeowners and investors, as well as real estate professionals, about the options that are available to help navigate this complex environment.

There are various options available for homeowners in distress. Two of the most common and preferred options are Loan Modifications and Short Sales.

Foreclosure Solutions will analyze your situation, and if a loan modification is your best option we will recommend that you pursue this with your lender. We suggest that you retain the services of an attorney who can protect your legal interests while an agreement is sought with your lender, thereafter; Foreclosure Solutions provides no further services.

Don't allow yourself to be forced into foreclosure; a short sale will NOT harm your credit rating as much as a foreclosure and it is typically possible to obtain another mortgage within 1 to 3 years.

In a short sale the lender agrees to accept less than the loan balance due to an economic or financial hardship on the part of the homeowner. Extenuating circumstances influence whether or not a lender will discount a loan balance. These circumstances are usually related to the current real estate market and the borrower's financial situation. In such instances, the lender would have the right to approve or disapprove of a proposed sale of the property.

A big advantage for a homeowner is that a short sale has less of an impact on their credit rating. The difference between a foreclosure and a short sale can be as much as a 400 point credit rating drop. In addition, a short sale is typically faster and less expensive than a foreclosure.

A short sale can be very complicated, paper intensive and require persistent communication with various parties. With diligent cooperation Foreclosure Solutions can complete your solution in a two to six month time frame, depending on your lender.

More information on the short sale process

The Deed-in-Lieu of Foreclosure allows a mortgagor in default, who does not qualify for any other option, to sign the house back over to the mortgage company. This option may not be accepted from mortgagors who can financially make their mortgage payments. In addition, this process must be completed within 90 days of initiating the process.

More information on deed-in-lieu of foreclosure

You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail, and maybe even calls offering credit repair services.

The Federal Trade Commission (FTC) says, do yourself a favor and save some money too. Don’t believe these claims: they’re very likely signs of a scam. Indeed, attorneys at the nation’s consumer protection agency say they’ve never seen a legitimate credit repair operation making those claims. The fact is there’s no quick fix for creditworthiness. You can improve your credit report legitimately, but it takes time, a conscious effort, and sticking to a personal debt repayment plan.

More information on credit repair

The experience to identify the correct solutions and the ability to navigate through the complex issues. Foreclosure Solutions qualify to be your trusted advisor in the difficult situation of facing foreclosure.