The Workout
A possible solution instead of a short sale or foreclosure . . . |
What's a workout?
A workout is a negotiation between a debtor and the bank to change
the terms of your mortgage loan which may include: |
| Lowering or changing the interest rate.
Smaller payments.
Longer payment terms.
Better, permanent or temporary financing rates for various other
methods. |
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Do I qualify for a workout?Every bank has different qualification requirements, but generally banks look for customers that have: |
| A financial hardship where you can't pay the full amount of your payment but can come close.
You can make a reasonable and acceptable compromise.
You can demonstrate you are capable of performing the compromise.
You are not just trying to avoid your responsibilities.
You can stay current with other mortgage responsibilities, like 2nd and 3rd mortgages.
The bank does not have out of pocket monetary expenses.
There are various other terms at various other institutions. |
| We Can Help! |
| We are experts at helping you negotiate with your bank. With our experience in helping many clients like yourself, we may be able to: |
| We may be able to help you catch up on your mortgage payments.
Help you avoid foreclosure.
Help you salvage your credit.
Save you money on obtaining more favorable homeowners insurance.
If a workout doesn't work, we can convert to a short sale. |
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| Don’t wait! The sooner you start, the better you are. |
We charge a fee for this service based on achievement.
We escrow the fee and if we can't help, the fee is returned to you.
Of course if we complete the workout, we collect the fee.
The first phone consultation is free.
We can get you back on track with your mortgage and your life.
Time is of the essence with workouts, so call us today! |
| Call 954-424-7653 |
