Homeowner Help Page

Having Trouble Making your Mortgage Payment? Could you use $1500 Cash Assistance?

We can help you explore all your options. Are you interested in restructuring your loan’s rates and terms? Would you rather get out from underneath your homes negative equity?

Let us help guide you through the pros and cons of loan modifications and short sales.

Call Kyle at 775-359-0909 x 110

Loan Modifications
Loan Modifications are perfect for homeowners who are OK with keeping the negative equity in their homes as long as they are offered reasonable terms helping to reduce their mortgage payments. There are literally hundreds of vendors, attorneys, and new start up companies charging thousands of dollars for their services to negotiate with your bank. There is nothing these companies can do for you that you yourself cannot accomplish with just a little patience. In every situation the final decision to modify your loan rests with your lien holders alone. All of the government programs that have been put in place are voluntary for your lender to participate in and only provide small incentives to modify home loans. If your goal is to stay in your home you need to contact your lender and simply ask what programs they have available to you. They will ask you to send in your financial documents and fill out certain forms. Once you have your documentation submitted, continue to follow up and you will be presented with their best modification options. Typical modifications include waiving late fees, putting delinquent amounts on the back end of your principal and adjusting your rates to current market interest rates. In some cases they may even be able to lengthen your loan period further lowering your monthly payments. Principal reductions, while they would be very beneficial are still unavailable to 99% of homeowners, but you never know until you ask your lender.

Short Sales
Short Sales have become a viable alternative to foreclosure for lenders and homeowners alike. With the addition of government sponsored programs giving qualified homeowners $1500 cash assistance they are by far the most popular options for millions of homeowners. When a short sale is negotiated correctly all liens will be released, you will not be required to repay the lender, your credit will rebound quickly, and most will not have to pay taxes on any forgiven debt as most homeowners are protected by the Mortgage Debt Relief Act of 2007 (H.R. 3648) Once the short sale is completed homeowners will be eligible to purchase a new home in as little as 18 to 24 months.