Stop Foreclosure

Foreclosure Assistance.  Stop Foreclosure.

Facing Default or Foreclosure?  Feeling Helpless?

Life throws us so many curveballs, and the unbearable stress of not having the financial health to make loan payments, leaves us feeling helpless.  And, in today’s market, it’s more difficult for homeowners to sell or refinance properties because they are encumbered by mortgages higher than the value of the houses themselves. 

Foreclosure CAN be avoided!  There is hope. And, you have every right to explore your options with no up-front costs! 

HOW WE HELP!
First Choice Loss Mitigation is rapidly becoming of the Nation’s most impressive loss mitigation servicing companies.  Our organization helps North Carolina homeowners in hardship that may be facing default, foreclosure or bankruptcy.  A result of our efforts includes a short sale pay-off and other arrangements deemed as a viable solution to helping property owners get a fresh start, protect credit, and reduce liabilities. Negotiating on the property owners behalf, we help alleviate both lender and mortgagee by creating mutual agreements to help borrowers sell their home.

HOW DO I GET STARTED?
Call or visit us online. Your information is confidential and gives our organization and network of professionals, the ability to have your case reviewed. We will contact you, typically within 24 hours of your submission, to help assess the options that may be available to you.

Qualifiers Can Include:

If you have been experiencing hardship for some time, we encourage you to consult with us at NO COST whatsoever. If you are late on mortgage payments or have received a notice of default or property auction, it is imperative to understand your options without delay. If you’ve tried to contact your lender and have not received a contact back, it is likely due to the economic climate. You are not alone.

• DIVORCE

•  UPSIDE-DOWN

• LATE ON PAYMENTS

•  NO EQUITY / MINIMAL SAVINGS

• ILLNESS / MEDICAL COSTS

• INCOME CHANGE / JOB LOSS

• RECEIVED NOTICE OF DEFAULT / AUCTION

• TURNED DOWN FOR REFINANCING

THE TIMING IS NOW!

 

ARE THERE ANY UPFRONT COSTS? No fee is due before such time of eligibility, which includes consultations and reviews for pre-approval.  We don’t charge homeowners a fee for negotiating short sales.  Our fees are paid by the lenders at closing.  This requires no funds out of the homeowners pocket.

What is a Short Sale?
If you’ve listed your home or looking to sell, our loss mitigation team will work with your lenders to help satisfy your mortgage balance at a lower pay-off, in turn, giving you a better chance to avoid foreclosure by helping your listing agent price your home more attractively to those looking to make a purchase at a discount.  We strive to help alleviate you from any judgment liens by helping our network of real estate agents understand how offers should contain specific agreements, disclosures and contingencies from the buying party.

What is Loan Modification?
If you have incurred a long term financial hardship, you can supply the appropriate information to lender to take the measures necessary to modify the term(s) of your mortgage.  Unfortunately in NC, the law doesn’t allow us to act as a 3rd party to negotiate favorable terms for the homeonwer to keep the home.  But we can however assist in the short sale process.  A lower interest rate and/or extension of the term of the mortgage can be established, resulting in lower payments. Several lenders require additional fees that may apply.  Your taxes on your property must be current to be eligible for a modification. Other lien holders and/or mortgages must agree to be subordinated to the first mortgage. All requests are subject to your lender’s approval.

Why do Lenders Accept Short Sales or Loan Modification Thru SFN?

• Administration costs are better alleviated by having the right facilitator
• It is highly expensive for lenders to foreclose a property 
• They are lenders, and are not in business to buy and sell real estate
• A REO (banked-owned property) is a liability, not an asset to the bank
• Most lenders are REQUIRED to have an amount up to SIX Times the retail value of each REO in reserves  
• Protection of their banking charter
• We understand what is required for a mitigation success with the Nation’s Largest Lenders

Benefits to You:

• Know Your Options

• Help Yourself From Foreclosure

• Our Back-Office Team Has Unparalleled Success

• Less Credit Damage than Foreclosure or Bankruptcy

• Simple and Inexpensive Relief

• Opportunity for a Fresh Start

NEXT STEPS TO HELPING YOU:

1. Complete the submission form or call us now 1.800.803.3978 ext. 175. 
2. We’ll call to arrange a no-obligation no-cost consultation usually within 24-48 hours to discuss your specific situation and options.  
3. Know Your Options and Help Avoid Foreclosure.

Property Owner Submission Form

Your information is held strictly confidential. Your name or information will not be shared, stored, or sold beyond the scope of providing help with your specific situation.