Do you know of a good foreclosure advising company?
Question:
Thanks
Personally I would be very careful who you deal with in that space. Many people will give you bad advice in an attempt to take over your home, or skim equity from it.
I would talk directly with the company servicing your loan to see exactly what your options are. You may be able to work something out with your original lender to save you from foreclosing, or perhaps you can refinance with another lender to avoid the problem altogether.
From there it might be best to use of their referrals or contact a lawyer who specializes in such situations. Again, be careful there.
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It really depends on your situation and what your goal is. If you want to save your house, check out the free evaluation form at the source website.
It really depends on the homeowner's situation more than the advisor, although both will play a role. The website you mentioned looks like a standard Loss Mitigation/Foreclosure Consultant website that helps homeowners in foreclosure negotiate a repayment plan or modification with their lender.
It will be up to the homeowners to be able to pay the fee to begin the plan, as well as the Foreclosure Advisor Company's fee, so the foreclosure victims should have a decent amount of money in the bank. They'll also have to have decent income and be able to afford a mortgage payment that is usually higher than what they were originally paying.
If the homeowners can not do this, there is a good chance they will not qualify for the plan, or not be able to complete it. Usually, they then blame the negotiation company who helped them set up the plan, regardless of where the fault lies.
The advisor will also have to be good at negotiating with banks, and be able to reach someone with any kind of decision making abilities. The regular customer service reps on the 800 numbers for most major mortgage companies are low-paid gatekeepers who can't really do anything, and don't know anything about the file until they open it on their computer screen. They won't be able to start a negotiation process with anyone.
It would probably be better to ask a few different places what services they offer, and interview them and let them interview you a little bit. That way, you'll have an idea of who you'll be working with, and how dedicated they are to your case in particular. Every foreclosure situation is different, so the more questions they ask, the better chance you'll have of actually being taken care of.
You could also do loss mitigation yourself, and work with the lender to put together a plan. But that decision is up to you, and if you decide to use a company for help, make sure you know who you are working with and what they are actually offering to do.
Good luck.
ForeclosureFish
http://www.foreclosurefish.com/...
Foreclosure does not spring upon many homeowners unawares. This is because they know they have been unable to pay many mortgage installments. Opting for foreclosure is not something many people choose voluntarily, but are forced to accept it. At times, foreclosure is certainly the right decision, but there are many instances homeowners don't have to forfeit their homes, and are ignorant about the right thing for them and their particular condition.
Homeowners facing foreclosure should consider..
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