Help For Homeowners Needing Relief

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Don’t Let the Bank Win!

Learn Your Options and Get a Fresh Start….FAST!

It goes without saying, a foreclosure can be an extremely stressful time, but as a homeowner, you have many options and it can include staying in your home! DON’T LET THE BANK WIN! Hundreds of homeowners visit our website daily looking for foreclosure help or mortgage relief options. Homeowners need answers to their problems quickly, so they can decide what is best for their situation and we can help!

Reinstate Your Loan

If you have enough cash available, you can reinstate your loan by making up all your missed payment. State laws often give a homeowner a specific amount of time to reinstate

Enter Into A Repayment Plan

You might qualify for a repayment plan option If you aren’t too far behind in payments. With a repayment plan, we can arrange to make up missed payments over time and stay current on ongoing payments.

Forbearance

In a forbearance agreement, the lender allows you to make reduced mortgage payments or none at all, for a period of time. At the end of the specified period, homeowners will either need to begin making the regular payments on time going forward to resume paying the regular amount and the lump sum of the payments missed during the forbearance period.

Foreclosure Defense

An attorney may be able to take the necessary steps allowing you more time for refinancing or modifying your mortgage. This may involve defending the foreclosure lawsuit, which could lead to a Mortgage Loan Modification, Bankruptcy Relief or other legal options.

Refinance

If the homeowner qualifies, they can start fresh with a new loan that at a possibly better rate and pay off the old loan. Unfortunately, refinancing can be difficult as many homeowners have poor credit due to missed payments.

Mortgage Loan Modification

Homeowners behind on their mortgage or experiencing a financial hardship may not qualify for a refinance. Some may qualify for a Loan Modification.

A Loan Modification is described as a modification to an existing loan made by the lender in response to a borrower’s long-term inability to repay the loan. Loan modifications may involve a reduction in interest rate, an extension of the length of the loan term, a different type of loan or a combination of the three. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default.

Bankruptcy Relief

Bankruptcy is another option many homeowners can consider when facing foreclosure. In fact, a Chapter 13 bankruptcy case can help save a house in foreclosure. The filing may stop the judgment sale and give the borrower a way to catch up on the past due payments, all while helping you manage your other debts, as well.

Short Sale

With your lender’s approval, homeowners can avoid foreclosure by selling the home for an amount that’s less than the outstanding loan balance. TruElite are experts in handling short sales and helping homeowners get a fresh start with some clients able to purchase a new home the following day after short sale!