In this transaction, we will approach the lender with an offer to accept less than the full amount owed. Instead of the property being sold, we will refinance with a new lender.
This will allow the homeowner to retain ownership of the property, while at the same time avoiding a foreclosure or possible bankruptcy.
If you want to keep your home, but don't have enough equity to get into a foreclosure bailout loan, this might be our best solution for you.
By letting us negotiate a reduced amount with your current lender, you can obtain a payoff of less than the full amount owed, and refinance your home with a new lender, and a better loan, while reducing the amount owed. |
