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We all know that life is unpredictable, and that circumstances often arise that can prevent you from making your mortgage payments. 

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Even hard-working people can encounter unforeseen situations which may affect their ability to pay their mortgage in a timely manner. Many issues can be contributing factors such as temporary job loss, medical illness or injury, marital difficulties, unforeseen repairs or high utility rates, tenant problems, or even a death in the family. Just one of these situations can have a direct bearing on making home mortgage payments.
 

There are decisions that you as a homeowner in default must make. Whether you want to keep your home, do you want out?  Can your Lender modify your loan, are they willing?  If ultimately you decide to get out of the property, we are the best chance you have to short sale the property!  Our negotiation techniques not only allow you to have the Mortgage company paid off to their satisfaction but we also try to alleviate any chance of them seeking a deficiency judgment against you.    We cannot guarantee results as every Lender is different with different guidelines but our success rate is very high.   A Deficiency Judgment may only bring your credit rating down 10-20 points but a Foreclosure will absolutely drop it  50 points or more!  Not only will a Foreclose almost guaranteed you may never be able to buy another home with a mortgage but many Landlords will not rent to anyone who has had a Foreclosure. 

Our first and foremost objective in a short sale is to negotiate total release from the obligation of the Note securing your mortgage. Our success rate is very high with most lender at doing this. However on occasion, a 2nd lien holder may not give up their right to pursue a deficiency judgement. We have tactics that can change their mind but sometimes it is inevitable. One option is to convince the lender to issue a Promissory Note at 0% for 5-10 years.

The benefit of this is:

     1. It halts the Foreclosure.

     2. the Note is Unsecured vs. being secured by real estate.

     3. It is re-negotiable within 6-12 months with the lender.

     4. May be settled for a fraction of the original debt at a later date without the destruction of a Foreclosure or Deed in Lieu.

              Across the country, borrowers who owe more than their homes are worth are struggling to get answers from their lenders when they seek out what is known as a "short sale." Sometimes it is months before there is a "yes" or "no" answer, often coming after a frustrated buyer has withdrawn an offer.
If there is another offer, the whole process starts all over again.  We at Loss Negotiation Services, have been able to successfully mitigate "wait" times and force Lenders to respond to our incessant phone calls by our Negotiation staff.

Because property values kept rising, sometimes at double-digit rates annually, when the housing bubble burst and prices slid, many mortgages exceeded what the properties were worth.And with layoffs accelerating across the country, more borrowers are falling behind on their monthly payments.

As the nation works to dig its way out of the housing crisis, short sales are one valuable tool.  That's especially true because foreclosure speeds the decline of home prices in an entire neighborhood.  For borrowers who can't pay, a foreclosure will stain credit histories for years. Bankruptcy crashes your credit for 10 years.  That's why Loss Negotiation Services, the staff, Realtors and Negotiators take very seriously your situation and the impact of a Foreclosure to your credit and future. Our objective is to mitigate these circumstance to a acceptable level and negotiate away the debt and future collection actions on your behalf.


Short sales require intensive review, often with several parties weighing in, including mortgage insurance companies and investors, if the loan was sold.
Banks say they also have to make sure the borrower truly can't afford it, and is not just using the short sale as a cheap way out.  If there isn't a financial hardship, banks are going to be a little less willing to do that.  So its important that Loss Negotiation Services helps you with your Hardship package and handles all negotiations with the Lender. The greatest thing about that is it costs you absolutely NOTHING! Our services are paid for by the Lender or passed on to a another buyer who may purchase your home.

The one thing you cannot do is WAIT!  With the housing market the way it is, Lenders overwhelmed and Inventory piling up, let Loss Negotiations Services open up effective lines of communication with the Lender and get you pulled out of the debt looming overhead.  

Call 239-963-1501 now and speak with a Negotiator!