Save your family from the perils of foreclosure!
This site is designed to give you a realistic look at the problems caused by foreclosure and to present possible solutions.
If you, like our typical clients are stuck paying two mortgages, going through a messy divorce, job loss, business failure, foreclosure, are drowing in debt or need to relocate immediately, you may be tempted to walk away from the property or resign yourself to losing it to the bank because you simply can't sell it.
Most people have no idea of the problems that foreclosure on their property can bring them and their family, even after the property is gone. If you take a look at the articles on this site, you will be educated to the real consequences and therefore prepared to deal quickly and realistically with your situation.
Be sure to go to read all the articles and other helpfull information on this site. You will have a much better sense of what can happen and when.
If you want to stay in your home, we have several options you may qualify for, from loans to government mortgage reinstatement programs.
- If you have equity in your property, we have lenders that will loan you the money you need to pay your arrears.
- If you have a valid reason for falling behind and you can now afford to pay future payments but not the arrears, there are government programs that you may qualify for that will let you reinstate, regardless of what your bank says!
- Bankruptcy can be a tool of last resort. If you don't have the money to reinstate and the banks have stopped talking to you and you have no equity, in other words, things are pretty hopeless, a chapter 13 filing can give you the breathing room you need to pay off your arrears over a number of years,assuming you have a source of income.
- If you have totally run out of options and the auction sale date is less than a week away, we can arrange a bankruptcy filing which will stop the sale. We will then arrange to take over your house, mortgage payments and arrears which will save you from the stigma of foreclosure and the bankruptcy will be withdrawn.
However, if you decide you Must Get Rid of Your Property, Now, we can have your property under contract in as little as 24 hours, even if you have no equity in your property!
- If you have equity in your property, (mortgage balance less than the market value of the property), you will receive cash at the closing.
- We will then rent or purchase the property from you at a rate which covers All the property's payments, mortgage, taxes, insurance, repairs and maintenance for an agreed upon period.
- At the end of that period, we will pay off your mortgage and pay you the balance of any equity not paid earlier.
- If your mortgage balance is as much as or greater than the value of your property, (no equity, negative equity) don't worry. We will take over all payments on your property, as above, including arrears. We will work out a convenient repayment plan for the arrears with you.
~If you are interested in getting a specific quote on how we can help you sell your property, fill it out the Offer Form and send it in to us. If your situation meets our requirements, we can have a contract on your house in 24 hours!
Craig Cherry
Dreaming Bear Home Solutions LLC
