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Stop the foreclosure process today!

 

Over 1.2M Foreclosures occurred in the United States last year.

The foreclosure process begins when payments due on a loan are 90 days delinquent and the Bank records a "Notice of Default." When a "Notice of Default" is filed, many things happen immediately:

  • The Foreclosure Sale CLOCK starts ticking (30- 120 Days, depending on where you live)
  • Damage to the borrower's credit rating that lasts for years. 
  • Immediate difficulty in getting a mortgage refinance.
  • Fewer options with all banks, realtors, and lawyers.

At Homestead Protection Services, we understand the unique needs of each client. We understand that time is critical and quick action is a must!  We are knowledgeable and we get results.  See our testimonials

Did you know?
  • You only have between 30 and 120 days from the first filing of the "Notice of Default" until your house can be sold at Public Auction (varies by state).
  • Even if the house is foreclosed and you get $0, you may still be responsible for the Bank's loss - called a "deficiency judgment," where the the bank may come after their loss.
  • On average, a Foreclosure Sale will bring 75% - 80% of the market value of the property. Many times this represents a net $0 to the owner - e.g. YOU.  You can lose all your home equity. 
  • The bank may and usually will send a 1099 to the owner for any loss the bank incurs. This may be TAXABLE as income to the owner, even if the owner receives $0 from the house. See IRS tax rules or your CPA for more information
  • If you refinanced or a loan is a "line of credit" the bank can still come after their loss from a Foreclosure Sale, even if the owner received $0 from the sale

Very little can be done if you wait too long. If you wait even 30 days to seek help, your options are significantly reduced!!!

When facing foreclosure time matters, delay is your enemy. You must act fast while there is still time to halt the foreclosure proceedings. Apply Online or call us for a no obligation consultation.  Get back on your feet, and put yourself back in the race.