Many people simply do nothing and hope that something will save them.Some people believe that the bank will not follow through with the foreclosure process because they have children, the weather is too cold, or for another reason. The fact is the lender doesn't care about any of those issues. To the lender, it's only about the money. However.... here is another truth, the lender doesn't want your home. They would rather find a way to avoid the foreclosure, allow you to keep your home, and also find a way for them to get their money.

Here is a selection of the many programs we at National Financial Solutions LLC may use to return your mortgage to current status:

Repayment Workouts: 

This is one of more popular and successful programs. A repayment workout is an agreement with your mortgage lender to make up missed mortgage payments and penalties over a period of time, while staying current on regular mortgage payments as they come due.  Even if you have been unsuccessful at making such arrangements with your lender, chances are our staff, as a neutral third party, can mediate with your mortgage lender or its legal counsel and arrange a repayment plan you are comfortable with.  We work with most of the well-known national lenders on a daily basis and have established contacts within many of these organizations.

Foreclosure Buyout Loans:

National Financial Solutions LLC  has contacts with several lenders who work with homeowners who have foreclosure situations. They are willing to work with homeowners if they feel that the homeowner is serious about saving their home. With this loan, the foreclosing lender is paid off and a new loan is created .

Forbearance:

This comfortable plan stretches the back payments over many months. For a specified period, the homeowner pays a slightly higher payment. The extra money paid each month catches up the back payments. It is among our most effective and popular plan .

Buy the Property:

If you are in over your head and ready to just walk away, there is always a method for National Financial Solutions LLC to work with you. There is a chance you can walk away with cash in your pocket. Of course, we will pay for all the costs and fees associated with this.

Straight Modification:

A modification of your mortgage, it puts the past due amount into the remaining term of your mortgage. Then the loan is re-amortized and restructured over a new term (typically 30 years) and thereby you are starting over fresh. The homeowner will only be required to pay the attorney's fees or court costs, if applicable .

Deferment:

Used in many types of loans, a deferment simply puts the amount you are behind onto the back of the pay schedule. The homeowner will only be required to pay attorney fees and/or court costs, if applicable .

Cure & Reinstatement:

Cure and reinstatement simply means to cure the default in your mortgage loan by paying the amount of missed payments, plus late charges, costs of collections, etc., which results in a reinstatement of the mortgage loan as if no default had ever occurred.  Our staff of professionals may be able to arrange for cure and reinstatement of your mortgage loan for substantially less than the actual cure amount!  Since foreclosure laws vary from state to state, the time period during which cure and reinstatement is an option will depend on where your property is located.

Deed-in-Lieu of Foreclosure Agreements: 

Sometimes a homeowner will say, "If the lender is trying to take my property to satisfy the mortgage debt, can't I just offer it to them voluntarily and avoid the legal battle as well as the consequences of a foreclosure on my credit history?"  The answer is YES!  If you're not concerned with saving your home, and have little or no equity in the property anyway, you may consider a Deed-In-Lieu of Foreclosure agreement.  We can contact your lender on your behalf and ask them to accept a deed in-lieu-of (or instead of) foreclosure.  If the lender accepts the offer, there is no lengthy foreclosure proceeding (and consequently, no foreclosure on your credit history) and the lender agrees to accept the property from you in full satisfaction of the mortgage debt, which will eliminate the possibility of a deficiency judgment against you.

Short Sale Programs:

A "short sale" is a sale of the property for less than the total amount owed on the mortgage. If you owe more on your property than what you think it would sell for, we may be able to convince your mortgage company to accept a short sale. Most lenders would rather have the majority of their money back than the hassle of a foreclosure, legal fees, renovation and marketing costs etc.

Partial Claim:

The amount you are behind is separated from the balance. It only becomes due when you refinance, or when you choose to sell your home in the future.

Combination:

A mix of two of the above programs may be the perfect solution.

Each of these programs is effective at stopping foreclosure and catching up back payments. Each one has its own qualification requirements. We will carefully determine which program is best suited for you.