Once a Notice of Default is filed, also known as the, N O D, you have 90 days to bring the loan current. This will stop the forclosure process with the lender. After which, a lender may move forward with the foreclosure, known as the trustee sale process. At this point, if your properties equity is there, you may start getting Hedge fund and investors calls and letters, trying to purchase your property at below current value. This means you probeably have the equity needed to save your home with a equity loan. We talk about that in, Options I still have, viewable in the Frequintly asked questions. At 180 days, you may recieve the Notice of Trustee Sale. Now, you have at least 20 days before the day they plan to sell your home at the public auction. The notice of Trustee Sale will be mailed and posted on the property. You are now allowed to pay off past-due amount, plus fees, up to five business days before the sale date. The auction will take place at the county court house steps or trustee office located in the same county as the property in question is located, also stated on the Trustee Sale Notice. The property will go to the highest bidder. If there are no bidders on the property, then the lender takes back the property. Now the eviction process starts. At this point, the sheriff department will be involved to evict anyone still in the property. The advise from an attorney is always suggested. To hear above answers Click Arrow

Some OPTIONS to get out of the NOD/Notice of Default will require bringing all back payments current. You can do this all while staying in your home and repairing the low, F I C O, credit scores at the same time. This can happen, The DIY way: or The "Do It Yourself " Way OPTION 1: Negotiate with Lender You can start with asking the lender to add all late payments to the balance of the loan. If the lender agrees, you may be put on a trial payment plan where as if you miss a payment in a specific time frame, no more options will be extended to you from that lender. Lender may require current proof of income and a letter of explanation why you fell behind in payments and why payment default is not likely to happen again. This repayment method should keep the monthly mortgage payment lower than the next option. OPTION 2: Equity Loan to bring back payments current Equity allowing, you will price out/get loan offers for a second or third loan by locating the following type of lenders, as sometimes referred to as a: Equity Lender , Private lender, Hard money lender or Loan Broker. To locate this type of lender yourself can start by searching the above titles just mention, online. Start with the lenders that are closest to the city the property is located in. These type of lenders are not usually concerned with a credit score as banks or wholesale lenders that sell off their loans to wallstreet are. Your current Equity is king. You want to compare cost and payment offers. Your looking for at least a 36 month term with Interest Only, monthly payments. These terms will allow you the time required to rebuild your, low, F I C O, scores and position yourself for future loan endeavors. Think of this as a second chance . Disclaimer: These type of loans don't follow a consistant guideline. Each lender will have their own set of guidelines. Be cautious when searching for the best option. To listen to this message Click Arrow

The Simple Answer. Keep what you already have. You don't want to be a renter and take a chance on rents rising to often, making saveing cash to buy the next home out of reach. Its easier to keep your home while keeping the payment low. Your Upside is that values are on the rise, so your equity standing will be greater sooner than you know. (The goal is to Hedge your housing overhead from getting out of hand) Values are rising so fast and you may not qualify to buy another home for over 3 years. (More CASH will be needed to be a buyer again). Getting a new mortgage may result in the new payment to be much higher than your current payment is. Its cheeper to keep what you have, then trying to buy it the next time. Your last resort to save your remaining equity would be, to sell the property yourself (the DIY way) and yes, we show homeowners how to do that themselves too. To listen to message Click Arrow

If you have recieved and reviewed the Equity Report Card we sent you or have had an equity lender decline your loan, to find that the current equity you have is not enough to satisfy the loan to value condition, that would finance the back payments to bring the loan current. You still have options to keep the existing equity you still have to save. Option 1: Contact the lender to ask to have your past due payments be added to the loan balance and then restart your loan payments on time again. Option 2: Sell your own home as a For Sale By Owner, also known as a FSBO. Take a moment, to review our suggestions in the web site that is showing homeowners how to market their own property. Option 3: Review the Seller Assistance Option also found in the web site, where as we, market and sell your property, and not charge a seller, the sale percentage commission as usually done. The buyer will pay all closing costs and fees , but not limited to, county transfer tax, Title, Escrow, sale and loan costs. We don't know anyone else offering this type of service. So don't delay, take advantage of this service to save your equity today. To listen to above mesage CLICK ARROW

The following is a lot to take in, so pay close attention to details. After someone has been through a foreclosure, a bankruptcy, a short sale, and so on. the clock starts ticking. You now begin a credit rebuilding phase. In the next 36 months, you will need to reestablish your credit. Never being late on any of your monthly payments again. 1st. Find a Bank that offers a secured credit card that reports to the credit bureaus, Equifax, Experian, and TransUnion, as a credit card. (CapitalOne has been a leader in this in the past. try looking into them first.) This is where you put a CASH deposit in the bank, that in turn, allows you to use the credit card to the limit of the deposit. (Never going over, 45% of your credit limit. an example of this is. with a $500 limit, times 45%, is a $225.00 maximum balance you should maintain) You will need at least three new secured credit card accounts. All from the same Bank is allowed. After getting the 3 new accounts, use each card up to 45% of the allowed maximum credit. Make minimum monthly payments on each card, never being late again. Keeping ontime payments going for at least 36 consecutive months. If you are close to paying off the balance of a card, just make an additional purchase to keep the minimum payments going, with out any payment interruption, in the 36 month payment goal. This will position your credit back to a superior F I C O, credit score rating, in record time. Now, after 24 month of a ontime payment history , have your credit pulled as if you were going to purchase a home. This will show you the way the 3 credit bureaus are rating you so far, as in the F I C O scoring method. If you want to purchase a home again, you will need t You want to keep all new credit payments on time, keeping max balance below your credit limits as stated above. Try not to finance a car or any other large purchases. And, don't pay a company to fix your credit, what we just went over is a automatic method to do that for you FREE. Good luck in your credit rebuilding phase. CLICK ARROW to listen to message

Failed sale could be for a number of reasons: ​ Purchase Money Mortgage Rates - When Interest rates % are on the rise, then property sells at lower prices, called market correction. Did the previous Realtor know Financing Options? Did you get to many CASH offers from low-balling investors that may prey on distressed property sellers? Market Timing / Condition - What stage are rising interest rates in? On the way down or on the rise still? Did your pics help make your property stunning? Were you offered an 360 VIRTUAL TOUR that shows your property 24/7 online in a Virtual Open House What are current area rents per month compared to a purchase mortgage in same area? Did asking Price drop during MLS marketing- Price was not set to current market conditions. Did your price drop to many times? Price out of range - Priced to high for the condition the property is in, deferred maintenance or obsolete layout. Did property need updating? Marketing limited to MLS/Realtors - No direct marketing other than through MLS Realtor style marketing. The Size of properties Square foot average , was priced out of range from other sales in the area. Was Value set from old sold property comparables out of date? (That would be over 2 to 3 months ago) Did realtor use non-comparable sold property in size and location or distance form target property Was property marketed directly to prospective buyers as in renters to buyers options ? Did marketing include direct contact to surrounding area renters or homeowners, to attract friends and families that may want to move closer to each other. Were move up buyers marketed to? Did Realtor understand the importance of the buyer closing cost grant option, this helps a buyer keep their hard earned cash in savings. (Keep there money handy incase of unforeseen issues) Were all buyer incoming calls re-marketed to at 30 - 60 - 90 day intervals later with any price changes or updated features to your property for sale? Did buyers have the opportunity of using a pre qualify calculator for the most popular purchase loan program offered in today's market? (FHA) Click Arrow to hear above message

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