South Jersey Home Savers, LLCWorking Together To Help PreserveHome OwnershipWhat happens when you miss a mortgage payment? You may lose your home! When you are behind on your mortgage payments, the lender can foreclose on your home. If this occurs, you must move out of your home and the property will be sold. In addition to losing your home, you may owe a deficiency balance, which is the difference between the price the lender sells you home for and the balance on your mortgage loan. What should you do now to avoid losing your home? Read all letters/correspondence from your lender. Contact your lender and explain your situation. Talk to a South Jersey Home Savers, LLC Home Retention Specialist (HRS).
How Can South Jersey Home Savers, LLC assist me? South Jersey Home Savers, LLC provides essential information from your lender to help you: Bring your mortgage current if possible Complete the financial papers your lender requires Refinance your mortgage loan if possible Or sell your home and relocate if there is no other choice.
Ask your HMS for information and assistance. What steps can you take now to preserve home ownership? Take Action Now! Complete the contact form below and talk with the South Jersey Home Savers LMC who responds to your contact. Call Consumer Credit Counseling Service (800-249-2227) Call you lender, mortgage servicer or mortgage insurer.
Options to help you avoid foreclosure. - REINSTATE Special Forebearance: If you have recently experienced an unexpected change in income and expenses, you may qualify for a special forbearance. Your lender can arrange a repayment plan based on your individual financial situation. Mortgage Modification/Partial Claim: If your income continues at a reduced level, you may qualify for a mortgage modification. - REFINANCE If your mortgage loan is no more than 2 months delinquent and you are addressing other credit issues, your HRS may be able to locate available financing options. - RELOCATE Pre-Sale/Short Sale: If you don't have the ability to reinstate or refinance your loan, your lender may allow you time to sell your home without going through the foreclosure. Deed-In-Lieu of Foreclosure: Your last option to avoid foreclosure is to voluntarily give your home back to the lender. Ask Your HRS for HELP! Your lender requires a complete financial package to assess your situation. Your Loss Mitigation Consultant (LMC) can help you pull all the information together, submit it to your lender, and work with you to help Avoid or Stop the Foreclosure NOW! Complete this information and contact us today! |
