Frequently Asked Questions

Do I have to pay anything up-front for the services?

No… There is absolutely no up-front cost for any of our services. We will also take care of all of the processing up-front costs; including attorney fees. We are only compensated when we are successful in achieving the agreed goal

How long will the process approximate take

Loan Modification (Approximate 60 days)
Selling your property (Will depend price and motivation)
Short Sale (Approximate 90 days)
Deed in Lieu (Approximate 60 days)
Surplus Recovery (Approximate 45 days)

My property was foreclosed already; do you think you can help me?

Yes, the bulk of our business is assisting property owners where their property(ies) were foreclosed and recovering funds owed to them.

Will an attorney be needed and what is the cost of the attorney?

In many occasions an attorney will be needed. If an attorney is needed, the attorney will handle all legal matters on your behalf. The attorney fees will be covered by the successful funds recovered.

Do I need to appear in court?

For most of our legal cases, our trusted counsel will attend all hearings on your behalf. In a very rare occasions, property owners were asked to do a zoom meeting.

What is the difference between Short Sale and Foreclosure?

Property is sold and lender accepts proceeds as payment in full Lender takes title and forces sale of the property
You may be release from any deficiency judgment liens filed against you Lender has the ability to file a deficiency judgment against you and any other property you may own
No foreclosure reported to credit bureau A foreclosure will be reported to your credit bureau
Reflects on your credit report for 1 – 1 1/2 years Reflects negatively on your credit report for 3 – 5 years
FICO score may drop between 75 – 125 points FICO score may drop between 200 – 280 points

Note: In many instances, we were able to negotiate relocation funds to the homeowner processing the short sale process.

Loan Modification VS Refinance?

The purpose of a refinance is to typically lower mortgage payments or take money out from the equity of the property. This new mortgage replaces the old mortgage payment with a new mortgage term.

However, existing homeowners experiencing financial difficulties may experience harder times to get a refinance approved due to credit score, debt to income ratios, credit card delinquencies, loss of income… etc. Due to the financial difficulties, property owners might be eligible for a loan modification.

6 suggestions to maintain your financial

Identify Money Challenges
Create a monthly budget
Focus on your Needs and not on your wants
Build emergency funds
Create a strategy to reduce your debts
Monitor your progress and make adjustments to budget (if needed)

I am the heir of a deceased of a foreclosed property, Can you still help me?

Yes… Unfortunately, our loved ones moved on to a better place, and left us with many unanswered financial questions. A bulk of our business serves helping heirs and making claims of unknown funds left by the deceased.

Can I stay more time in my house during the foreclosure process?

In many cases, our trusted legal counsel has been able to negotiate with lenders extending the stay to the homeowner. Each case is different, however. Please note that the foreclosure process has different stages, the earlier the legal counsel can negotiate on your behalf, the higher the chances.