Avoiding Foreclosure
Due to adjustable loans and bad bank lending practices foreclosures are going through the roof. As a result home owners are struggling to avoid foreclosures. Damelecia offers solution tailored for anyone facing foreclosure, we understand that everyone faces different challenges in life and each person’s situation is unique. Damelecia vow to handle each of our client’s situations ethically with the respect and dignity they deserve.
 We as a company believe that everyone needs a chance to start over if they are losing their home to foreclosure. Damelecia works with you and the lender to find ways of making a decision so that everyone wins. Because, of the high rate of pre-foreclosures and foreclosed properties flooding the markets every day, lenders are overwhelmed and are more willing to work very hard in finding a solution to avoid foreclosures.
They have no choice, since they are in the business of lending money not the business of real estate. For every foreclosure or bad loan on the bank’s book the bank have to hold 7 to 10 times that loan amount in deposits. This is money the bank can’t lend, which in turn cost the bank a lot more in the long run. So you can see why banks are just as desperate as homeowners to avoid foreclosure.
Avoiding foreclosure is one of the solutions damelecia offers every day people like you, saving you from ruining your credit. We help to facilitate the feeling of relief knowing that you can buy a home again in the future, despite the obstacles you are now facing. Times are very hard in the economy. Individuals are losing their jobs and it doesn’t help that lenders are not willing to lend without a strong credit score and income showing that you are able to repay your debts.
At Damelecia we want you to know all the options that you have to avoid foreclosure. Here are some of the options to avoiding foreclosure. http://www.damelecia.com/sell-your-house-fast
Short Sale – Damelecia will work with you and the lender, where your lender agrees to sell your property to Damelecia, while allowing you to avoid the foreclosure process. http://www.damelecia.com/sell-your-house-fast
Repayment Plan – In this situation the lender will allow you to come current on your loan, meaning that all late payments are pay in full, in the effect to avoiding foreclosure on your property.
Reinstatement – Lender will give you the ability to make a satisfactory lump sum payment on your loan, this will allow you to come current on your loan and avoid a foreclosure on your home.
Pre-foreclosure Sale – Lender allows you to sell the property if you meet some criteria, if you are about two months behind on your mortgage payment, property will be sold in the 3 to 5 months and the new mortgage holder meets HUD price requirements.
Forbearance – Short-term delay in paying your mortgage, which the lender will give you the ability to pay your loan update with proof that you have access to cash in a agreeable timeline.
Loan Modification – Adjustment to your current loan term, by lowering your current interest rate making the payments much lower per month on the loan.
Deed-in-Lieu of foreclosure – Bank allows you to turn-in your property back to them, avoiding a foreclosure on your credit file although you will still have bad credit because of all the late payments, having a foreclosure on your credit file can make it difficult to ever buy a home again.Â
Which solution works best for you? Remember we are here to help! For more information about avoiding foreclosure, click the link below to see if Damelecia can assist in you finding a workable solution.
http://www.damelecia.com/sell-your-house-fast
