What They Don’t Tell You is during that 5 year “repayment” plan, a good portion of your weekly BK payments are going to the trustees and YOUR attorneys fees. Imagine that!!! Also, while you are paying thousands a month to the plan, remember, your are behind in payments, so some of that money is going to pay back what you owe in back payments on your mortgage. Well what about the interest being charged in the current payments? What happens to that? I can tell you. It keeps going higher and higher and higher to point that you will be upside down on your home. The interest will accrue (means go up) at an alarming rate. That means if your balance on the home is $110,000 and your payments a month are $900 a month. The majority of that payment is interest. After 2 years in the “repayment plan” your payoff on your home could be as high as $131,600.
IN 2 YEARS!!! Doesn’t sound like much of a “long term option” does it?

There is NO magic solution for getting out of debt. Don’t believe anyone who tells you otherwise. Keep in mind that even though we all love our houses, a house is nothing but “bricks and sticks” and we have seen unfortunately many good marriages go south and many a good people’s health suffer from the self inflicted stress that we put on ourselves and the financial jeopardy that we place on our families and loved ones for a pile of “bricks and sticks”.

In almost ALL cases, the best thing for a home owner to do when facing a foreclosure is to SELL THE PROPERTY!

We can bring your payments current, and in many cases even give you cash back out of the equity of your home. *Every situation is different* We can even help if there is no equity in your home. There are some situations where we will agree to allow you to stay in your home and either rent the property or lease/repurchase the property back. Our professionals will advise you if that is an option that we will offer on your situation. Many factors will be taken into consideration as equity in property , time in home, and ability to pay the note.

If there is sufficient equity in your home and/or you may be in an early stage where your bank/lender has not begun proceedings or perhaps you are only 30-60 days behind and they have not reported to the credit bureaus your delinquency. We can assist in refinancing your home and allowing you to keep your home and move on without a major problem.

I’m sure that you have been contacted by every wannabe Donald Trump, Carlton Sheet graduate or aggressive investor, especially if the foreclosure has been advertised in the local paper which is what happens for 3 weeks before the sale date. Unlike other investors, we WILL NOT try to take advantage of your unfortunate situation. We simply figure out a mutually beneficial solution so you can move on with your life! We will never charge you any out of pocket expenses or have you pressured to sign anything. YOU will always have the final say.

TIME IS YOUR ENEMY!!! Every day you wait is interest, penalties, and legal fees that can be added, The longer you wait, the closer it gets, and the harder it is to help you. Remember,” No matter how bad your past is, your future is spotless”