Avoiding the Eviction Process

In the event option 1 and 2
don’t work and the lender still want to foreclose.
We attempt Negotiating for More Time release of further financial obligation:

After a foreclosure sale, immediate eviction can be a concern. We can help by negotiating for additional time for you to vacate the property.

Preventing Further Financial Obligation:

We work diligently to ensure that the lender doesn’t pursue you for further financial obligations, such as the deficiency balance (the difference between what you owed on the mortgage and the sale price of the property). For instance:

Deficiency waiver negotiations: We can negotiate with the lender to obtain a deficiency waiver or a reduced amount, preventing you from being pursued for the full balance. This can often be achieved by presenting your financial hardship as a reason for the lender to agree to a more lenient resolution.

Avoiding Collections and Garnishments:

To help you avoid the lender’s collection efforts, we employ various strategies:

Settling the debt

We may negotiate with the lender to arrange a lump-sum settlement or payment plan that is manageable for you, preventing the need for collections and garnishments.

Exploring legal defenses

In some cases, there may be grounds to challenge the lender’s collection efforts. We can work with legal professionals to explore these options and protect your rights.
By negotiating for more time, preventing further financial obligations, and avoiding collections and garnishments, we aim to provide you with the support and solutions needed to navigate the challenging aftermath of a foreclosure sale while protecting your rights and financial stability.

Other Strategies to Enable Continued Residence:

Partial Claim

Some government-backed loans offer a “partial claim” option where the homeowner can receive a lump sum to cover the past-due amounts, effectively bringing the mortgage current without refinancing or modifying the loan.

Renting Back the Property

In specific cases, homeowners may consider renting the property back from the lender or a new buyer, allowing them to stay in their home while they work on improving their financial situation.

Short Sale or Deed in Lieu of Foreclosure

While not ideal, these options can be less damaging to a homeowner’s credit than a foreclosure. A short sale involves selling the property for less than what is owed on the mortgage, and a deed in lieu of foreclosure is the voluntary transfer of the property to the lender to avoid foreclosure.

Legal Defense

In some situations, a skilled professional can identify legal issues with the foreclosure process, providing the homeowner with additional options.
Our goal is to utilize these and other strategies to enable homeowners to continue living in their homes, offering them the support and guidance needed to find the most suitable solution for their specific circumstances and avoid the traumatic process of eviction.

Confidentiality Assured

Discreet Transaction

Saving Families 

We don’t provide services for Mobile Homes or Manufactured Homes

Call Us

(602) 602-549-8598 or 901-699-4662

Email Us

info@homeownerprotectiongp.com

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