5) Mortgage Mediation…..I don't know why but this is usually the last thought of option and some folks never think of this option at all, when it really should be your first thought. Unfortunately, alot of folks simply do not know this service exits.

This option is all about hiring a professional loss mitigation agent to step in and negotiate with your lender for you to stop foreclosure and resolve your mortgage problem and keep your home. No loans, no selling your home, no bankruptcy, no more heartache! Foreclosure Prevention through experienced negotiating tactics. How it works is simple…

First, you would answer a few questions about your situation to determine if you would qualify for a workout program. There are many, many different possible workout solutions and it depends on your particular case, your lender and what kind of loan you have.

Once you have been pre-qualified, you would need to provide written financials and other documents to your agent, that all lenders absolutely require. Then your agent mortgage mediator (default resolution negotiator) would negotiate with your bank to set you up on an affordable repayment plan of some kind (there are many forms it can take). Or, they could negotiate a loan modification on your existing loan so that it fits your current ability to pay the mortgage.

On government backed loans like FHA, Fannie Mae and Freddie Mac, there are other unique programs available for those who qualify, like special forbearance or a partial claim. Very strict criteria ap

Dear Homeowner,

Are you behind on mortgage payments? Can't come up with large lump sum the bank wants to make up all the back payments, or even worse, have you received a notice of default and are now facing foreclosure?

If so, then Please take 5 minutes and Read this Special Report Just Released…This is probably the most important message you will ever read on…Knowing Your Options on How to Stop Foreclosure & Save Your Home!

Getting behind on your mortgage payments can quickly become a very scary, dreadful situation for any homeowner. Many times you simply don’t know what to do about it. You are usually not aware of all your options and maybe you don’t understand the proper process of it all. Well today I hope to help solve these issues for you so you can make an educated decision on how to prevent foreclosure. Let’s get started!

To get caught up on back payments & prevent foreclosure, You typically have 5 options to work with. Let's look at each one and talk about the pro's and con's of each.

1) Refinance: Most people look at this option first because it seems to be the most obvious solution. However, as many have discovered, it isn’t always what it seems. Refinancing your home to get caught up and back on track is great…if you qualify. To qualify for a refinance and to get the best deal, you need a) good credit and b) you need enough equity to pay off the delinquent original mortgage.

Most people in foreclosure have done damage to their credit already and therefore do not qualify for a good loan with a good interest rate. And from my experience in the industry, most people facing foreclosure have little to no equity in their home so this makes it very difficult.

So what can you do? Well, most people end up trying a secondary market, predatory-type lender. This usually comes with expensive fees and outrageous interest rates. Do you know that most of my clients are people who had refinanced! What does that tell you? It shows you that it isn’t long before they are in trouble again. Why? Well, it’s because they simply can’t afford to keep up with the new higher payments.

Unfortunately, in most cases, it is a formula for failure and the lender knows it. Not only that but these types of loans comes with stiff penalties if you get behind, so be careful!

2) 401K/Retirement Plan Loan or Withdrawal... I don't like to recommend this option but I want you to be aware of it because you may decide that it is the best solution for you. If you have retirement plan of some kind you may elect to either take a loan against it to pay back your mortgage lender or you may decide to simply withdraw the money needed to get back on track.

Taking out a loan would be better because then you wouldn't have to pay any taxes or penalties on the funds. Most plans allow you to take a loan for up to 50% of its value. The only problem is that now you have another new bill. Can you afford it?

Withdrawing the fund needed may be your solution but remember that you will need to pay the minimum 20% for federal income taxes plus a 10% penalty tax on top of that. If you elect this option, make sure to do the math beforehand so you are sure of what you will owe for taxes and penalties and what you will net. Remember that this will need to be reported on your tax return.

3) File Bankruptcy.....This is usually a person’s second thought of strategy. I am not an attorney, so I am not offering legal advice but, I do know that in most cases, bankruptcy does not help stop foreclosure, it just slows it down a bit. You have two choices of bankruptcy...Chapter 13, which is a debt payment plan and Chapter 7 , which is full liquidation of debt. Please remember that you have to qualify first and it is alot tougher now with the new bankruptcy laws that are now in place. You can't just go to an attorney and file so easily anymore.

What most people don’t realize is all the lender has to do is file for a relief of stay and they can pull the asset (your home) out of the bankruptcy proceedings and continue with the foreclosure. Sure, this takes some time but nevertheless, it is done everyday.

As a matter of fact, it has been reported that 96% of homeowners filing bankruptcy still end up being foreclosed on regardless. So now you have both a foreclosure and bankruptcy on your credit report. You are pretty much doomed for the better part of 10 years. Please think twice about going this route! I think if you do examine this option, you will find that it simply isn't a viable option at all.

4) Sell Your Home…..This option is usually looked at when time is running out and you can’t think of any other option to use. This option is perfectly alright if that is what you want to do. Some people’s situation is such that they simply can no longer afford to keep their home and must sell as their only alternative. If that is the case, then fine, you’re doing the best you can of the situation.

But if this is not you case, now you lose your home and have to pick up your life (and family) and live with others or pay rent to someone for the use of their property. Is this what you want? If this outcome is okay with you and you can live with the change until you are back on your feet, then great, this solution might be the best for you.

But my experience tells me that most people do not want to sell their home and pay rent somewhere. For many, this is a horrible option. Not only that but what if you don’t have enough equity to pay a realtor commission? What do you do about that? What happens if you can’t get it sold in time? What happens if you do find a buyer but it takes 3 to 6 months and now you have doubled the penalty fees you owe your lender on your delinquent loan? These are all considerations to take into account when making your decision, so please be careful!

Another form of selling your house is by using an investor to buy it quick. Some people end up doing this when time has completely run out and it is a way to hopefully get some moving money or to get cash for a portion of your equity, if you have equity. Investors have to buy it at a discount so you would most likely take a big hit on that equity to sell it fast.

My advise is do not put yourself in this position and take action immediately and don't wait or procrastinate on what option to choose.

5) Mortgage Mediation…..I don't know why but this is usually the last thought of option and some folks never think of this option at all, when it really should be your first thought. Unfortunately, alot of folks simply do not know this service exits.

This option is all about hiring a professional loss mitigation agent to step in and negotiate with your lender for you to stop foreclosure and resolve your mortgage problem and keep your home. No loans, no selling your home, no bankruptcy, no more heartache! Foreclosure Prevention through experienced negotiating tactics. How it works is simple…

First, you would answer a few questions about your situation to determine if you would qualify for a workout program. There are many, many different possible workout solutions and it depends on your particular case, your lender and what kind of loan you have.

Once you have been pre-qualified, you would need to provide written financials and other documents to your agent, that all lenders absolutely require. Then your agent mortgage mediator (default resolution negotiator) would negotiate with your bank to set you up on an affordable repayment plan of some kind (there are many forms it can take). Or, they could negotiate a loan modification on your existing loan so that it fits your current ability to pay the mortgage.

On government backed loans like FHA, Fannie Mae and Freddie Mac, there are other unique programs available for those who qualify, like special forbearance or a partial claim. Very strict criteria ap

So what can you do? Well, most people end up trying a secondary market, predatory-type lender. This usually comes with expensive fees and outrageous interest rates. Do you know that most of my clients are people who had refinanced! What does that tell you? It shows you that it isn’t long before they are in trouble again. Why? Well, it’s because they simply can’t afford to keep up with the new higher payments.

Unfortunately, in most cases, it is a formula for failure and the lender knows it. Not only that but these types of loans comes with stiff penalties if you get behind, so be careful!

2) 401K/Retirement Plan Loan or Withdrawal... I don't like to recommend this option but I want you to be aware of it because you may decide that it is the best solution for you. If you have retirement plan of some kind you may elect to either take a loan against it to pay back your mortgage lender or you may decide to simply withdraw the money needed to get back on track.

Taking out a loan would be better because then you wouldn't have to pay any taxes or penalties on the funds. Most plans allow you to take a loan for up to 50% of its value. The only problem is that now you have another new bill. Can you afford it?

Withdrawing the fund needed may be your solution but remember that you will need to pay the minimum 20% for federal income taxes plus a 10% penalty tax on top of that. If you elect this option, make sure to do the math beforehand so you are sure of what you will owe for taxes and penalties and what you will net. Remember that this will need to be reported on your tax return.

3) File Bankruptcy.....This is usually a person’s second thought of strategy. I am not an attorney, so I am not offering legal advice but, I do know that in most cases, bankruptcy does not help stop foreclosure, it just slows it down a bit. You have two choices of bankruptcy...Chapter 13, which is a debt payment plan and Chapter 7 , which is full liquidation of debt. Please remember that you have to qualify first and it is alot tougher now with the new bankruptcy laws that are now in place. You can't just go to an attorney and file so easily anymore.

What most people don’t realize is all the lender has to do is file for a relief of stay and they can pull the asset (your home) out of the bankruptcy proceedings and continue with the foreclosure. Sure, this takes some time but nevertheless, it is done everyday.

As a matter of fact, it has been reported that 96% of homeowners filing bankruptcy still end up being foreclosed on regardless. So now you have both a foreclosure and bankruptcy on your credit report. You are pretty much doomed for the better part of 10 years. Please think twice about going this route! I think if you do examine this option, you will find that it simply isn't a viable option at all.

4) Sell Your Home…..This option is usually looked at when time is running out and you can’t think of any other option to use. This option is perfectly alright if that is what you want to do. Some people’s situation is such that they simply can no longer afford to keep their home and must sell as their only alternative. If that is the case, then fine, you’re doing the best you can of the situation.

But if this is not you case, now you lose your home and have to pick up your life (and family) and live with others or pay rent to someone for the use of their property. Is this what you want? If this outcome is okay with you and you can live with the change until you are back on your feet, then great, this solution might be the best for you.

But my experience tells me that most people do not want to sell their home and pay rent somewhere. For many, this is a horrible option. Not only that but what if you don’t have enough equity to pay a realtor commission? What do you do about that? What happens if you can’t get it sold in time? What happens if you do find a buyer but it takes 3 to 6 months and now you have doubled the penalty fees you owe your lender on your delinquent loan? These are all considerations to take into account when making your decision, so please be careful!

Another form of selling your house is by using an investor to buy it quick. Some people end up doing this when time has completely run out and it is a way to hopefully get some moving money or to get cash for a portion of your equity, if you have equity. Investors have to buy it at a discount so you would most likely take a big hit on that equity to sell it fast.

My advise is do not put yourself in this position and take action immediately and don't wait or procrastinate on what option to choose.

5) Mortgage Mediation…..I don't know why but this is usually the last thought of option and some folks never think of this option at all, when it really should be your first thought. Unfortunately, alot of folks simply do not know this service exits.

This option is all about hiring a professional loss mitigation agent to step in and negotiate with your lender for you to stop foreclosure and resolve your mortgage problem and keep your home. No loans, no selling your home, no bankruptcy, no more heartache! Foreclosure Prevention through experienced negotiating tactics. How it works is simple…

First, you would answer a few questions about your situation to determine if you would qualify for a workout program. There are many, many different possible workout solutions and it depends on your particular case, your lender and what kind of loan you have.

Once you have been pre-qualified, you would need to provide written financials and other documents to your agent, that all lenders absolutely require. Then your agent mortgage mediator (default resolution negotiator) would negotiate with your bank to set you up on an affordable repayment plan of some kind (there are many forms it can take). Or, they could negotiate a loan modification on your existing loan so that it fits your current ability to pay the mortgage.

On government backed loans like FHA, Fannie Mae and Freddie Mac, there are other unique programs available for those who qualify, like special forbearance or a partial claim. Very strict criteria ap

3) File Bankruptcy.....This is usually a person’s second thought of strategy. I am not an attorney, so I am not offering legal advice but, I do know that in most cases, bankruptcy does not help stop foreclosure, it just slows it down a bit. You have two choices of bankruptcy...Chapter 13, which is a debt payment plan and Chapter 7 , which is full liquidation of debt. Please remember that you have to qualify first and it is alot tougher now with the new bankruptcy laws that are now in place. You can't just go to an attorney and file so easily anymore.

What most people don’t realize is all the lender has to do is file for a relief of stay and they can pull the asset (your home) out of the bankruptcy proceedings and continue with the foreclosure. Sure, this takes some time but nevertheless, it is done everyday.

As a matter of fact, it has been reported that 96% of homeowners filing bankruptcy still end up being foreclosed on regardless. So now you have both a foreclosure and bankruptcy on your credit report. You are pretty much doomed for the better part of 10 years. Please think twice about going this route! I think if you do examine this option, you will find that it simply isn't a viable option at all.

4) Sell Your Home…..This option is usually looked at when time is running out and you can’t think of any other option to use. This option is perfectly alright if that is what you want to do. Some people’s situation is such that they simply can no longer afford to keep their home and must sell as their only alternative. If that is the case, then fine, you’re doing the best you can of the situation.

But if this is not you case, now you lose your home and have to pick up your life (and family) and live with others or pay rent to someone for the use of their property. Is this what you want? If this outcome is okay with you and you can live with the change until you are back on your feet, then great, this solution might be the best for you.

But my experience tells me that most people do not want to sell their home and pay rent somewhere. For many, this is a horrible option. Not only that but what if you don’t have enough equity to pay a realtor commission? What do you do about that? What happens if you can’t get it sold in time? What happens if you do find a buyer but it takes 3 to 6 months and now you have doubled the penalty fees you owe your lender on your delinquent loan? These are all considerations to take into account when making your decision, so please be careful!

Another form of selling your house is by using an investor to buy it quick. Some people end up doing this when time has completely run out and it is a way to hopefully get some moving money or to get cash for a portion of your equity, if you have equity. Investors have to buy it at a discount so you would most likely take a big hit on that equity to sell it fast.

My advise is do not put yourself in this position and take action immediately and don't wait or procrastinate on what option to choose.

5) Mortgage Mediation…..I don't know why but this is usually the last thought of option and some folks never think of this option at all, when it really should be your first thought. Unfortunately, alot of folks simply do not know this service exits.

This option is all about hiring a professional loss mitigation agent to step in and negotiate with your lender for you to stop foreclosure and resolve your mortgage problem and keep your home. No loans, no selling your home, no bankruptcy, no more heartache! Foreclosure Prevention through experienced negotiating tactics. How it works is simple…

First, you would answer a few questions about your situation to determine if you would qualify for a workout program. There are many, many different possible workout solutions and it depends on your particular case, your lender and what kind of loan you have.

Once you have been pre-qualified, you would need to provide written financials and other documents to your agent, that all lenders absolutely require. Then your agent mortgage mediator (default resolution negotiator) would negotiate with your bank to set you up on an affordable repayment plan of some kind (there are many forms it can take). Or, they could negotiate a loan modification on your existing loan so that it fits your current ability to pay the mortgage.

On government backed loans like FHA, Fannie Mae and Freddie Mac, there are other unique programs available for those who qualify, like special forbearance or a partial claim. Very strict criteria ap

But if this is not you case, now you lose your home and have to pick up your life (and family) and live with others or pay rent to someone for the use of their property. Is this what you want? If this outcome is okay with you and you can live with the change until you are back on your feet, then great, this solution might be the best for you.

But my experience tells me that most people do not want to sell their home and pay rent somewhere. For many, this is a horrible option. Not only that but what if you don’t have enough equity to pay a realtor commission? What do you do about that? What happens if you can’t get it sold in time? What happens if you do find a buyer but it takes 3 to 6 months and now you have doubled the penalty fees you owe your lender on your delinquent loan? These are all considerations to take into account when making your decision, so please be careful!

Another form of selling your house is by using an investor to buy it quick. Some people end up doing this when time has completely run out and it is a way to hopefully get some moving money or to get cash for a portion of your equity, if you have equity. Investors have to buy it at a discount so you would most likely take a big hit on that equity to sell it fast.

My advise is do not put yourself in this position and take action immediately and don't wait or procrastinate on what option to choose.

5) Mortgage Mediation…..I don't know why but this is usually the last thought of option and some folks never think of this option at all, when it really should be your first thought. Unfortunately, alot of folks simply do not know this service exits.

This option is all about hiring a professional loss mitigation agent to step in and negotiate with your lender for you to stop foreclosure and resolve your mortgage problem and keep your home. No loans, no selling your home, no bankruptcy, no more heartache! Foreclosure Prevention through experienced negotiating tactics. How it works is simple…

First, you would answer a few questions about your situation to determine if you would qualify for a workout program. There are many, many different possible workout solutions and it depends on your particular case, your lender and what kind of loan you have.

Once you have been pre-qualified, you would need to provide written financials and other documents to your agent, that all lenders absolutely require. Then your agent mortgage mediator (default resolution negotiator) would negotiate with your bank to set you up on an affordable repayment plan of some kind (there are many forms it can take). Or, they could negotiate a loan modification on your existing loan so that it fits your current ability to pay the mortgage.

On government backed loans like FHA, Fannie Mae and Freddie Mac, there are other unique programs available for those who qualify, like special forbearance or a partial claim. Very strict criteria ap

5) Mortgage Mediation…..I don't know why but this is usually the last thought of option and some folks never think of this option at all, when it really should be your first thought. Unfortunately, alot of folks simply do not know this service exits.

This option is all about hiring a professional loss mitigation agent to step in and negotiate with your lender for you to stop foreclosure and resolve your mortgage problem and keep your home. No loans, no selling your home, no bankruptcy, no more heartache! Foreclosure Prevention through experienced negotiating tactics. How it works is simple…

First, you would answer a few questions about your situation to determine if you would qualify for a workout program. There are many, many different possible workout solutions and it depends on your particular case, your lender and what kind of loan you have.

Once you have been pre-qualified, you would need to provide written financials and other documents to your agent, that all lenders absolutely require. Then your agent mortgage mediator (default resolution negotiator) would negotiate with your bank to set you up on an affordable repayment plan of some kind (there are many forms it can take). Or, they could negotiate a loan modification on your existing loan so that it fits your current ability to pay the mortgage.

On government backed loans like FHA, Fannie Mae and Freddie Mac, there are other unique programs available for those who qualify, like special forbearance or a partial claim. Very strict criteria applies for these options and your financial status is very important.

On VA loans there are Forbearance plans, Refunding Programs, Vendee Loans Programs. The same type of strict guidlines apply to these, similar to that of FHA.

On Conventional loans you are limited to a forbearance plan or a loan modification, if you qualify for them. Loan mods on conventional loans are difficult to get but with so many loans in default today, the lenders are starting to become more open to this method, as opposed to foreclosing on the homeowner. Conventional loan lenders do not have to follow government rulings criteria because they are not government-backed loans so each lender is different.

Lastly, for those who have decided that they can not afford their home any longer, and want to sell, there are programs available where you can sell the home prior to the notice of foreclosure sale has been set or you could possibly perform a deed in lieu of forclosure with your lender. Again, there are specific guidelines to meet for you to qualify for these methods but I have done them all, so you know that they are real options for you.

I want to point out again that any type of case is governed by four factors…

1) Your financial situation, especially your debt to income ratio, 2) Your loan type, 3) Your lender flexibility and 4) Where you are in the foreclosure process already.

Some lenders are great to work with and want to come to an agreement and others are down right horrible. The process takes anywhere from 2 to 8 weeks to secure an agreement with 4 weeks being the national average.

But again, this option requires no new loans, no filing bankruptcy, no selling your home unless you want to and credit scores don’t matter!

NOTE: Like in any industry, there are a lot of scam-artists out there so please be careful who you hire. I always find it best to go with my gut instinct when making a decision like this. If they don’t offer a money-back guarantee and if they don’t ask to about your financials to determine qualification, then you know they are probably not an ethical outfit, so please be careful.

Remember, the biggest mistake I see in this business is people wait to long to take action and then it becomes almost impossible to resolve the problem. Please don’t do that to yourself! Take action today and reduce the chances of becoming the next foreclosure victim.