| You CAN own now! |
|
Positive Equity Partners
Financial Education
Workshops
ph: 888.668.0686
fax: 888.899.8915
info@positiveequitypartners.com
Financial Education
Workshops
ph: 888.668.0686
fax: 888.899.8915
info@positiveequitypartners.com
 |
 |
 |
 |
 |
 |
 |
 |
|
|
Positive Equity Partners
Financial Education Workshops
Providing Cash Flow and Equity Saving Solutions!
Financial Education Workshops
Providing Cash Flow and Equity Saving Solutions!
Positive Equity Partners
Financial Education Workshops
Financial Education Workshops
A. The goal of Loan Modification 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.
Q. How we can stop foreclosure?
A. 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. We do all of
this quickly and effectively because we have over 17 years experience in the Real Estate and Mortgage
industry.
Q. How long do I have to act?
A. Time is of the essence when you are behind on house payments. Time is definitely not your friend in
this situation. Each day that passes makes it that much harder to get a work out agreement with your
lender that you can live with. 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. We have
encountered many homeowners who did not even know that they had already lost their house!
Q. Several companies have contacted me recently offering to help. What's different about
PEPFEW?
A. There are many predatory companies who are not what they appear to be. Beware of unscrupulous
companies who are actually just interested in buying your house at big discount, or attorneys who just
want to take you into bankruptcy or companies that collect a consultation fee then do nothing for you. We
are very proud of our track record of success and many satisfied customers. They are strong evidence
that we deliver on our promises.
Q. Should I negotiate with the lender myself?
A. Yes. 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, don’t waste a lot of time on this. Time is not on your side right now. 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 that point you will be better served by professional
representation that can use the formal business and legal protocols to your advantage. PEPFEW delivers
the critical information and professional representation that you need to get the best possible work out
agreement with your lender.
Q. Can PEPFEW help me improve my credit rating?
A. PEPFEW does 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.
Q. How long does it take for you to complete the case once we fill out all of the paperwork?
A. Anywhere from 2 days to several months. This depends on the stage of foreclosure you are in and your
financial position. Typically it takes several weeks to complete a work out agreement and stop foreclosure
proceedings.
Q.Do I have enough time to stop my foreclosure?
A. Up until 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 set for the next day but this is very risky and some lenders will
not agree to it. You’re best option is to take action immediately to stop foreclosure before it goes too far.
Q. I'm currently in bankruptcy. Can you still help?
A. Yes. But we cannot negotiate a work out agreement with your lender until your mortgage has been
discharged or dismissed from the bankruptcy proceedings. Our professional loss mitigation consultants
can still evaluate your case and explain the best options to save your home. Then when the mortgage is
out of the bankruptcy we can proceed with the home foreclosure help. Sometimes after bankruptcy it is
easier to make a mortgage payment because other debts have been discharged.
Q. I've already talked with my lender and they just want all their money. Can you still help me?
A. 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 because they know and trust us. We have more than 17 years
experience. That kind of experience gives us credibility with your lender. Over the years we have
developed positive working relationships with key people at most banks. Our integrity and professionalism
have earned us a reputation that allows us to be heard when no one else can get through the red tape.
We will use our experience and connections to your advantage.
Q. Should I file for bankruptcy to save my house?
A. Maybe. The American Bar Association has reported that 96% of homeowners who declare bankruptcy
end up losing their home to foreclosure anyway. Bankruptcy is very unlikely to help you save your home. If
you declare bankruptcy you will likely end up with BOTH a bankruptcy and a foreclosure on your credit
report. That being said, there certainly are times when bankruptcy is appropriate and we recommend you
consult a reputable attorney should you think you need it.
Q.Do I need to have a special type of mortgage loan for PEPFEW to help me?
A. No. We specialize in out-of-court resolutions of government and non-government mortgage
delinquencies or home foreclosure claims for homeowners. These can be FHA, Rural Administration, VA,
Freddie Mac, Fannie Mae, or conventional loans which have become delinquent. (Not available in all
states.)
Q. What if I can no longer afford my home? Can PEPFEW still help me?
A. Yes. If you are certain that you cannot afford your home any longer and wish to sell, PEPFEW can help
you to secure a short sale payoff or a deed-in lieu of foreclosure agreement with your lender. Often times
these agreements can be arranged at low or no cost to you.
| Positive Equity Partners Financial Education Workshops. All rights reserved Not affiliated with Positive Equity Partners, LLC |
| FREQUENTLY ASKED QUESTIONS |
|
Q. What is foreclosure?
A. 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,
A. 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.
the home. There is a legal time frame, which varies from state to state, which determines how long the
foreclosure process can take.