New monthly payment plan
Lenders can choose to help in several ways, but most commonly, Borrowers will submit their financials to be reviewed for a new monthly payment plan. At times, the defaulted amounts may be due in the future or become a silent second loan. real estate loan modification foreclosure help Los Angeles
Monthly payments to catch up
Sometimes you're not too far behind and just need a little help catching up. Repayment plans can take your defaulted amounts and spread it out throughout a period of time, usually 3-5 years, and are made in addition to your current monthly obligations until you're caught up. real estate loan modification foreclosure help Los Angeles
Selling short of what you owe, a short sale can help give your family more time in the house until it's sold and upon successful close of escrow, you owe nothing further to the lenders, homeowner association companies and other liens. Relocation incentives may be applicable. Most clients walk away with $10,000. real estate foreclosure help loan modification Los Angeles
Additional documentation may be requested.
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