Save Your Home
Sometimes the best way to resolve a mortgage default situation is to speak with your lender about possible loan modification options. Unfortunately, this process can be stressful and intimidating for homeowners, especially if the delinquency has advanced to foreclosure. Lighthouse Real Estate Solutions' Loan Workout Assistance Program helps you cut through the red-tape and ease the communication with your lender.
Our knowledgable and experienced team will help expedite your particular arrangement. You may qualify for one or more of the following...please contact us to find out which option is most appropriate for you.
Retention Options
Retention options are alternatives meant to help you stay in your home and retain possession of your property. These options are generally available if you have recovered from the financial hardship that caused your delinquency and you can now afford to make ongoing mortgage payments.
• Special Forbearance: A Special Forbearance is in essence a repayment plan based on your financial situation. In many circumstances, this alternative will temporarily reduce or even suspend your payments.
• Loan Modification: A Loan Modification actually alters the terms of your original loan agreement and generally includes the addition of your arrearage to the original principal balance of your loan and the extension of the term. The intent is to make your monthly payment more affordable and allow you to catch up.
Lighthouse Real Estate Solutions, LLC is a Connecticut real estate services firm dedicated to assisting financially distressed homeowners within the state. More Info
Guidance • Integrity • ConfidentialityOur dedicated team wants to help you SAVE YOUR HOME. We promise to work with you and your lender to find the best possible solution that meets your financial needs. Whether you are one month behind on your mortgage payment or already have a sale date pending, you still have options. Unfortunately, time is your worst enemy! Please contact us immediately for a free initial consultation so that we can try to save your home and protect your credit. We maintain the highest ethical and legal standards and we do not receive a fee unless you keep your home.
Disposition OptionsIf you have already determined that you would like to sell your home, we can assist in that process as well. Disposition options are alternatives to help you get out of the property without incurring the negative credit implications of a completed foreclosure...please contact us for more information.
We can helpSometimes what begins as a temporary hardship can end up having permanent effects on your financial condition. The circumstances that caused your original default may also create affordability issues that leave you unable to continue living in your current home.