Your Graceful Exit
A video from Making Home Affordable, US Department of the Treasury – If you’re struggling to pay your mortgage, or if you have a mountain of delinquent payments, you’re under a lot of stress. It may be that your circumstances make it nearly impossible for you to afford the home you’re in.You are not alone. Many Americans find themselves in this difficult situation. If you’re just barely hanging on financially, it may be a relief to let go. You need to know what your options are. Los Angeles Fair Offer offers Foreclosure help in these times of need.

“Short Sale My House”

  • Have 4-6 months? A listing may put some money in your pocket
  • Save your credit from the wreckage of a foreclosure
  • See if your situation qualifies
Learn If A Short Sale Is The Best Fit →

“Get A Fair Offer Today”

  • Let us know about your situation and your house
  • We’ll evaluate it quickly (usually within 48 hours)
  • You’ll receive a fair offer from us with No Obligation!
Get A Fair All Cash Offer To Sell Quick →

Want To Learn How To Stop Foreclosure and get Foreclosure Help In Los Angeles?

Are you facing foreclosure and need foreclosure help? Want to learn how to stop foreclosure now In Los Angeles?  Los Angeles Fair Offer has created free online guides to help homeowners just like you find foreclosure options in Los Angeles. They provide foreclosure help on getting out of the sticky situation you’re in right now. Let Los Angeles Fair Offer be your Homeowner Advocate, as we work together as a team to navigate through the foreclosure help process. We want to help you get the best outcome for your particular situation. Their are absolutely NO UPFRONT FEES! (Don’t Ever Work With Anyone Requesting Money Up-front For This Service), We maintain Full Discretion/Privacy and we Only get compensated, by the bank, when we solve the problem. Los Angeles Fair Offer is fully committed to Helping out the Community get through these hard times and invite everyone to take Advantage of our 15+ years of experience handling Foreclosures in California.

The best thing you can do right now is to educate yourself on your options.  For some people, selling your home is the best option (we can make you a fair offer on your house today, just let us know about your situation here . Sometimes we’re able to help homeowners STOP FORECLOSURE completely.  So, click one of the buttons above to get your free foreclosure guide…

What are your options when facing foreclosure?

Though time is of the essence, you should carefully evaluate all your options before making a decision. Once you decide, you must act quickly to make sure you have enough time to complete the solution you choose. Many lenders require you to decide 21 days before your foreclosure date.

As you review the options listed below, try to look at your situation from a financial standpoint rather than an emotional standpoint. Try to analyze which option might best suit your needs and move toward resolving your financial difficulty. We are here to provide foreclosure help Los Angeles!

Nine Options When Facing Foreclosure

1. Do Nothing – If you do nothing, you will most likely lose your home at a foreclosure auction. Loan applications generally ask if you have ever been foreclosed upon. Credit reports also disclose this damaging information. Definitely not the best option.

2. Payoff/Refinance – Completely paying off your loan amount plus any default amount and fees. Usually this is accomplished through a refinance of the debt. New debt is at a normally higher interest rate and there may be a prepayment penalty because of the recent default. With this option, there should be equity in the home.

3. Reinstatement – Paying the entire default amount plus interest, attorney fees, late fees, taxes, missed payments and fees.

4. Loan Modification – Utilizing the existing mortgage company to refinance the debt or extend the terms of the loan. This may allow you to catch up at a more affordable level. To qualify, you must prove to the lender you have fixed the problem that caused the late payment.

5. Forbearance – Lender may be able to arrange a repayment plan based on your financial situation. The lender may even be able to provide a temporary payment reduction or suspension of payments. Information will be required from the lender to show that you are able to meet the new payment plan requirements.

6. Partial Claim – A loan from the lender for a 2nd loan to include back payments, costs, and fees.

7. Deed-in-Lieu of Foreclosure – Give the property back to the bank instead of the bank foreclosing. Banks generally require the home be well maintained. Most loan applications will ask if you have ever had a Deed-in-Lieu of Foreclosure.

8. Bankruptcy – This option can liquidate debt and/or allow more time. We will refer you to a qualified bankruptcy attorney upon request.

Chapter 7 (Liquidation) To completely settle personal debt.
Chapter 13 (Wage Earner Plan) Payments are made toward a plan to pay off debts in 3-5 years.
Chapter 11 (Business Reorganization) A business debt solution.

9. Sell Your Property – If the property has equity (money left over after all loans and monetary encumbrances are paid). You may sell the home without lender approval through a conventional home sale. In this case, you will receive cash from the sale. On the other hand, a short sale may be negotiated with your lender if you owe more than the property is worth. Consider this type of foreclosure help if you have made a decision to move on in your life. Get a Fair Offer for your property today!