Let us take on the burden of hassling with the lenders and bureaucrats assigned to your mortgage account. Our combined decades of experience in loan work-outs, lending and FDIC loan liquidations will be brought to bear in dealing with your situation.

Restructure or Modification - This is a change in the amount and terms of a mortgage obligation. In this economy lenders would prefer to take less and keep you in your home, than foreclose. Our client services can help with this process.

Cure - Pay all your past due payments if your mortgage lender will accept this, which is likely, but we are not needed in this case.

Refinance – If you are delinquent, this will be a difficult option.

Sell Your Home – This may not be an option, given the current real estate market.

Short Sale – This is a reduction in your mortgage obligation equal to what the property would bring in a sale. This would pay off your mortgage debt at a discount and leave you with very little money and possible bad credit.

Bankruptcy – There are advantages to bankruptcy you may want to consider and proposed legislation would expand your options. There is a stigma and credit impact, so this is hopefully only a threat we would use as own possible tool in the negotiation process.

Foreclosure – If you do nothing , you will learn all about this option, unless you are current on your mortgage debt.

 

Give us a call today at 213.321.9858

Email: info@fjkassociates.com