How to Stop Foreclosure

The best way to stop foreclosure is to Call the MOD Squad! The most common thought amongst homeowners that are way behind on their mortgage and do not have the financial resources to help is to let the house foreclose. Seeing past due balances coupled with interest charges and many other fees is sickening. Don’t be afraid of them. We will analyze your situation and provide that custom fit your needs. Our attorneys can stop foreclosure even after NOD (Notice of Default) has been filed. So if you still own your home there is still a good chance that it is not too late. Banks do not want your house back, but they also do not want to give you a modification that benefits you more than them. Let us help you solve your mortgage problem as the borrowers advocated, not bank advocates.

Loss Mitigation Solutions to Prevent Foreclosures

1) Forbearance/Formal Forbearance:
Forbearance Plan is a repayment agreement between a borrower and the lender. Usually one full monthly payment and a portion of the delinquent amount due on the account will help cure the arrears/default over a period of time.
Learn more about Repayment Plan

2)  Modification:
In certain circumstances, a lender may allow the delinquent amount to the loan balance or temporarily reduce the interest rate as well as principal amount to assist the curing of the default and restring credit.
Learn more about Loan Modification

3)  Short Sale/Pre-Foreclosure Sale:
A short sale occurs when an owner owes more than what the home is worth and the lender accepts net proceeds as full payoff.  Lender approval is based on an owners financial situation and the current market value of the home.
Learn more about Short Sale

4)  Deed in Lieu of Foreclosure:
In the even an owner decides that he/she can no longer afford a home and do not want to go through marketing efforts or foreclosure, the owner may voluntarily return the property to the lender usually via grand deed or quit claim.
Learn more about Deed in Lieu of Foreclosure