Frequently Asked Questions

1. What is foreclosure?

Home foreclosure is a process by which a lender regains a property which they have financed. Typically, this is because the borrower or homeowner is behind on house payments and is unable to catch up, often due to circumstances outside of his or her control. When the lender forecloses on the homeowner, the homeowner must move out of the house, therefore, losing all possession of the property and jeopardizing any possible equity that the homeowner may have in the home. There is a legal time frame, which varies from state to state, which determines how long the foreclosure process can take.

2. What can loss mitigation do for you?

The goal of loss mitigation is to work out an agreement between the homeowner and the lender that will stop foreclosure proceedings permanently. This allows the homeowner to stay in their home and protects their credit history.

3. How do we stop foreclosure?

Our company specializes in resolutions of mortgage delinquencies or home foreclosure claims on behalf of you, the homeowner. We perform a detailed financial analysis and work with you to determine your best alternatives. We review your lenders loss mitigation policies and your state's foreclosure law to make sure that we give you the best service within the context of your situation. By working with you and your lender we can tailor a resolution to meet your specific criteria and financial circumstance.

4. How long do I have to act?

Time is of the essence when you are behind on house payments. Time is definitely not on your side in this situation. Each day that passes makes it that much harder to get the lender to agree to our recommendations. The home foreclosure process can take anywhere from a few weeks to many months, depending on your state law and the method of foreclosure your lender chooses to use.

5. Several companies of contacted me recently offering to help. What's different about you?

Our Company does not charge upfront fees for our loan modification programs unlike other predatory companies that have been in business for only a few months. We help our clients reestablish credibility with the bank and demonstrate their willingness and ability to pay. We pride ourselves on really helping the homeowner retaining their home at an affordable price. With over 10 years of combined experience in real estate, wholesale lending, and mortgage origination our management team has a wealth of knowledge that will benefit our clients through this difficult time.

6. How long will a real estate foreclosure affect my credit?

Foreclosure has a 7 year statute of limitation. As with everything time heals all, meaning your credit will gradually increase the further away from the real estate foreclosure discharge date.

7. Should I negotiate with the lender myself?

Yes and no. If you are only a payment or two behind and your lender has not hired an attorney to begin foreclosure proceedings you may be able to negotiate a work out agreement yourself. If you are successful then you have saved yourself some funds that can be used to get caught up on your mortgage. Just remember, your lender is trying to collect a debt so anything that you disclose to them is fair game. If you don't have something worked out within 1-2 weeks, then it's obvious that your lender is not serious about working things out with you directly. When you get to this point please give us a call at 480-214-2367 or Apply Online Now. Our Company will provide the professional representation that you need to get the best possible work out agreement with your lender. After you have entered into our program we ask that you direct all calls from your lender to your case officer so that we can negotiate on your behalf. This will ensure the highest probability of a work out that is to YOUR benefit not the lenders.

8. Can you help me improve my credit rating?

We do not do credit repair services but we do strongly recommend the nation's leader in credit repair, Lexington Law Firm. Right now, of course, the best thing you can do to help your credit is to prevent foreclosure.

9. How long does it take for you to complete the case once we fill out all of the paperwork?

Anywhere from 30 days to several months. This largely depends on the stage of foreclosure and your financial ability. Typically it takes a few weeks to postpone foreclosure proceedings and 2-3 months to complete a permanent work out. This process can be drastically reduced if you have the funds available for settlement.

10. Do I have enough time to stop my foreclosure?

Up until about a week before the foreclosure sale occurs there is still hope. If a sale date for your house has been set you need to act fast. We have stopped sales within 24 hours but usually those clients were involved in a bankruptcy filing. You're best option is to take action immediately to stop foreclosure before it is too late. Time is the enemy

11. How much do you charge for helping us in a loss mitigation solution?

Our fees are based on your mortgage payment amount, and the complexity and urgency of your situation. Our professional loss mitigation consultants will evaluate your case and explain the best options available to you. We are confident that you will agree that are fees are a bargain. We offer a money back guarantee if we cannot get you a work out agreement with your lender(s) as long you follow our program and do not miss any payments.

12. I've already talked with my lender and they just want all their money. Can you still help me?

Yes. Most of our clients have experienced this kind of inflexibility from their lenders before calling us. We get your bank to listen to your needs. Our experience with a variety of lenders has enabled us to determine what factors help influence their decisions and how we can use our knowledge for the benefit of our clients.

13. Should I file for bankruptcy to save my house?

Maybe. Bankruptcy does not guarantee that you will save your home. However, in some cases it will postpone foreclosure and allow you to have more time to make a good decision regarding your property. There certainly are times when bankruptcy is appropriate and we recommend you consult a reputable attorney should you think you need it.

14. What if I can no longer afford my home? Can you still help me?

Yes. If you are certain that you cannot afford your home any longer and wish to sell, we can help you to secure a short sale payoff or a deed-in lieu of foreclosure agreement with your lender. We have another division which specializes in non-retention services and your case manager can direct you to the appropriate personnel.

15. How do I know this isn’t a scam?

We do not buy your home or take title to you home. We provide fee for service of experienced mediation with lenders. We will provide legal information regarding foreclosures in your state. We are not attorneys and do not give legal advice. We are an Arizona limited liablity company.

Hints to tell if someone is trying to scam you:

They require you to transfer the deed over to them.
They do not want to use realtors, attorneys, title companies.
If they promise to take over payments on the house.
If they promise to pay what you plus give you additional cash.

Negotiated Deals: