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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.You may qualify for a special federal program that would enable you to keep your home. You may also qualify to keep your home if your problem situation has been resolved. Because each foreclosure situation is different, please contact us to discuss your options.Yes. We specialize in loss mitigation. We work directly with the banks and trustees to help you resolve the issues and do a work out plan.
