The Red Sign Team can provide the foreclosure help you need. We assist Utah homeowners with just about any foreclosure related service you can think of. With years of experience our team of experienced attorneys and Realtors knows what it takes to stop foreclosures.
Banks Don’t Always Help to Avoid Foreclosure
So you’ve missed a payment or two on your Utah house. You have hit a roadblock in your personal finances and struggle to keep up with the bills that you receive each month. Your bank is calling everyday and demanding full payment and threatening foreclosure. You have never had a problem paying your house payment until now. Surely your bank will understand your situation and let you slide another month or two while you find a way to keep your head above water. Your bank had enough trust in you to help you finance your home. Shouldn’t they help you when you are struggling?
It is this way of thinking that traps Utah homeowners and accelerates the process of foreclosure. Banks do not help you avoid foreclosure. You have a signed loan agreement that gives your bank the right to take back your home if you fail to keep up with the mortgage payments. Your bank is waiting to take your home away from you and sell it to someone else that is able to pay the payment each month. The cycle of selling, foreclosure and reselling will continue until your bank receives back its original investment plus two to three times that amount in interest.
You Have Limited Time to Avoid Foreclosure
No news is never good news when you are behind on your mortgage payments. Your bank could be starting the foreclosure process and completing the necessary documents to take your home away from you. You might have already received notification that your home is entering the first phase of the foreclosure process. This does not mean that you will lose your home forever. Many homeowners give up prematurely and do not try to avoid foreclosure because they are not informed of their foreclosure law rights. There is help available. You do have options to save your home. Every day that you wait to seek help reduces your chances of staying in your home.
We Help You Avoid Foreclosure
The first step to defeating foreclosure is learning about your rights as a homeowner. We have helped people across Utah in foreclosure stop the process. You cannot sweep foreclosure letters under the rug and forget about them. Banks are vicious and know that you do not understand the foreclosure process or how to stop it. Let experienced Utah foreclosure experts go to work to help you avoid foreclosure and eliminate the penalty fees assessed to your mortgage. There are helpful programs that will be offered to you to stop the foreclosure process no matter what your personal situation is right now. Complete the form and gain the peace of mind that you have a partner fighting for you instead of against you.
You Have Options!
If you are falling behind on your mortgage payments, foreclosure is not your only options. There are several strategies that can be used to avoid foreclosure and minimize damage to your credit.
- Repayment Plan
- Special Forbearance
- Loan Modification
- Partial Claim (FHA only)
- Pre-Foreclosure Sale
- Utah Short Sale
- Deed-in-lieu of Foreclosure
Government Programs to Lower Your Payment
- Making Home Affordable
- Home Affordable Modification Program(HAMP)
- Principal Reduction Alternative (PRA)
- Second Lien Modification Program (2MP)
- FHA Home Affordable Modification Program (FHA-HAMP)
- USDA’s RHS Special Loan Servicing
- Veteran’s Administration Home Affordable Modification (VA-HAMP)