Negotiation is one of the most critical aspects to resolve your situation. With your complete Lender Plan, this could also be your easist part of resolving your mortgage problem because your goals will be clear, finances up to date, and documentation provided to them.
- Negotiation is convbersation so that information can be evaluated and discussed
- Your Lender may be open to Negotiation
- During Negotiation your Lender may be able to offer multiple options
- You (or your Negotiator) have to be prepared for the time and energy sometimes required
OUR CLIENTS
- Our typical clients have had a hardship
- Our typical clients have missed several mortgage payments
- Many of our clients are in Pre-Foreclosure
- Many of our clients are in Foreclosure
- Many of our clients are in Redemption
OUR GOALS
- Our goal is to help you understand the foreclosure process
- Our goal is to help create a lender negotiation plan
- Our goal is to help save your home from a Sheriff’s Sale
- Our goal is to help you decide to Save, Sell, or Negotiate an Exit plan based on your options
CAN YOU DO THIS YOURSELF?
- Yes. IF you are EXTREMELY well organized
- Yes. If you can make time for (often) multiple phone calls
- Yes. If you are prepared to talk to several people or departments with each call.
- Yes. If you can make time for (occasional) video calls
- Yes. If you have the ability to communicate via email (fastest)
- Yes. If you have the time left to mail documents back and forth (if required)
- Yes. If you can communicate with the law firm managing your account
- Yes. If you have a LOT of patience
- Yes. If you have a detailed Lender package
- Yes. If you have a detailed written plan in your Lender Package
- Yes. IF you can present your plan early enough to your lender
OUR EXPERIENCE
- 7+ years as a debt negotiator through the previous foreclosure crash
- 7+ years as a Certified Financial Health Counselor
- 5 years as a USDOJ Bankruptcy Counselor
- 3 years as a Mortgage Loan Officer
- 13+ years as a Real Estate agent specializing in investment properties and Short Sales
- 8 years as the Broker/Owner / ManaginfgBroker of a real estate company
SUGGESTIONS
- Never go in to a Negotiation without a clearly WRITTEN plan
- Know your goals and options in advance
- Know what you willing to do / not do in advance based on your plan
- Know that YOUR time is EXTREMELY limited
- Know it takes time for the Lender to proceed through internal channels before a decision
- Know that those internal channels may involve both a Lender and a Servicer (more time)
- IF you cannot do all of these quickly, hire a professional
DO YOU KNOW
- If your mortgage is managed by the lender?
- If your mortgage is managed by a servicer?
- If your mortgage is owned by a private investor?
- If your Lnd Contract is owned by the SAME entity that you originally signed with?
- If your foreclosure is being done according to state laws?
- If you are being offered Forbearance, Modification, Assumption, or a Short Sale?
- If there is time to stop the Sheriff’s Sale?
- What your payoff account balance is?
- What your defeciency is?
- How will your lender address your defeciency if the sale of the property does not pay it off?
- What an appraised value of your home is? (Zillow and others DO NOT count)
- What it will take to make your account current?
HOW WE WORK
- We get to know you and your story
- We collect your documents
- We get your written permission to speak to myour Lender(s) and Law Firm
- We help prepare a written plan of goals, actions and options
- We negotiate within those parameters if requested.
Our next successful challenge is ready to begin between you and your lender!
HOW WE DETERMINE SUCCESS
- Success is delaying, rescheduling, or completely stopping the Sheriff’s Sale
- Success is a loan modification if it allows you to keep your home
- Success is forebearance if it allows you to keep your home
- Success is the acceptance of payment plan if it allows you to keep your home
- Success is your ability to refinance if it allows you to keep your home
- Success is the successful sale of your home in the manner of your choice
- Success is selling your home for the highest amount the market will bear
HOW TO START THE PROCESS
- Time is of the essence
- We will walk you through the documentation gathering process
- With a completed Lender package you should contact your lender ASAP
- Realize Lenders have multiple department that process paperwork very slowly
- Lenders typically have to go through multiple approval levels to get a decision.
- The internal Lender process typically takes at least 40 days
- Time is NOT your friend so please act quickly.
