Let’s discuss how forbearance works. Has something recently happened that is stopping you from making your payments? Did you lose your job, get sick, go through a divorce, or something else that would impact your financial situation? Your lender said that you are in a forbearance. Forbearance is when your mortgage servicer or lender allows you to pause or reduce your mortgage payments for a limited time while. In most cases, complaints that their loan servicers said they could skip payments for months. Investigators found numerous examples of “incomplete, inconsistent, dated and unclear guidance” to borrowers. They do not mention that most homeowners end up losing their property while waiting for an answer or packet from the lender.

Have you begun to notice that mortgage payments are becoming harder and harder to pay in full? Has something significant in your life occurred that is stopping you from being able to make your payments. The Loan Mod, expected to be the most common modification, shifts the unpaid months to the end of the loan, while also dividing unpaid escrow — including taxes, insurance, association fees — and adding it to the monthly loan payment for a number of months. In some cases the Monthly payment could end up being lower or 3 to 5 times higher than the original payments.

Have you missed payments, but you don’t have enough cash on hand to pay off everything that you’ve missed? We will deal with your bully lender on your behalf and find a resolve at no cost to you.

Have you missed a couple of payments, but you are generally still able to make payments? Try seeing if your lender would consider a repayment plan. Even though your lender may be more hesitant to do this, we can help.

While lenders continue to get more restrictive towards you, we are providing a new and inclusive solution. Whether we are paying off debt OR negotiating with the lenders. In situations where we are unable to help you stop your lender from proceeding with foreclosure, we will explore alternative options, such as us doing a Mortgage Pay-off.