Each Lender has different requirements in addition to a hardship and ratio of income to monthly expenses. Action Saves Homes has worked with every lender and can review your personal situation. Schedule a free consultation to hear your lender's requirements.
The complete California Foreclosure Process is under What is Foreclosure tab. The most important thing to remember is to take action. Lender's have a timeframe in which they will consider a loan modification application. Once a homeowner has received a Notice of Trustee Sale the lender can be reluctant to allow a loan modification application. If you are in any stage of foreclosure request a call from Action Saves Homes to hear your options.
This would be a Short Sale. A Short Sale is when the Homeowner owes more on the property than they can sell it for. In this case you will need an experienced team to support you. Action Saves Homes works with a team of Experienced Short Sale Agents. This process has to start with approval from your lender. To gain approval from your lender you must submit an application. Call Action Saves Homes to hear more about lender approval.
Most often it makes more sense to keep your home. If you are behind but can make your monthly mortgage payments going forward you should speak with a representative about a loan modification. If you know you can not resolve your financial situation in a timely manner selling may make sense. Action Saves Homes works with referred Cash Buyers as well as Real Estate Agents.
A loan modification can be denied for many reason. The application must be filled out correctly and be presented with all required supporting documentation. Something a little as a missed check in the right box can cause a denial. Action Saves Homes can do a free denial review to explain the situation and answer your questions.
Every situation is different. The main factors are if your lender is willing to work with you and where you are in the Foreclosure Timeline. Action Saves Homes does work with the bank for you and will request a postponement if needed. Call for a personal review of your situation 909-493-5631.
A homeowner can do a loan modification for free with your bank. Action Saves Homes' charges a small one time fee for services. Before you start a loan modification on your own have a free one on one consultation with an experienced representative.
Some lenders issued a forbearance contract others did not. If your lender put the forbearance terms in a contract they would have sent you a copy or they may have a copy on file. If they did not you will need to know what protects are provided for you under the Cares Act depending on your hardship. To learn more about your lender and the Cares Act speak with an Action Saves Homes Representative.
The purpose of the Homeowner Assistance Fund (HAF) is to prevent mortgage delinquencies and defaults, foreclosures, loss of utilities or home energy services, and displacement of homeowners experiencing financial hardship after January 21, 2020. Funds from the HAF may be used for assistance with mortgage payments, homeowner’s insurance, utility payments, and other specified purposes. The law prioritizes funds for homeowners who have experienced the greatest hardships, leveraging local and national income indicators to maximize the impact. There are additional requirements and the application deadline to apply is September 30th 2021. Call Action Saves Homes for Help 909-493-5631
Yes! Our main office is located in the city of Riverside, California. If you would like to have an in person meeting give us a call to schedule a time. (909) 493-5631 If you would just like to see our beautiful faces we can also schedule a Zoom Call.
If you pay the full amount of your default it will stop the foreclosure. Once you make this payment you will need to ensure the Lender files a Letter of rescission.
If you can not pay the full amount of the default the Lender will continue the foreclosure process.
Action Saves Homes has been successful at negotiating with some Lenders but every Lender and Situation is unique. Need help Call (909) 493-5631
The California process takes approximately 120 days. However, Lenders can take longer. It is important not to wait. If you are interested in Saving Your Home or Selling you will need time to work with the Lender. Typically the Lender will require a 30 day window to work in. If you need more information give Action Saves Homes a call (909) 493-5631.
Lenders are in the business of making money and they want theirs. If your parents have passed the house payment still needs to be made or the lender can start the foreclosure process. Going through probate can be costly and take time. It is import to have open communication with the lender. If you can not make their monthly payment give us Action Saves Homes a call 909-493-5631. We can help.