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| Phone: 949-769-3850 Ext: 1133 or 1129 Email: info@helpfc.com Fax: 949-313-0997 5319 university Dr Suite 234 Irvine CA 92612 |
| If you are behind your mortgage you still have lots of options please contact us today because tomorrow that means the problem still exist |
Q: Some people ask how do you make money in some cases there is no profit for company?
A: Back to simple philosophy, If we make our clients happy and satisfy they would bring more customer for company and we will save lots of money in
advertising budget. This is priceless!
Q: My credit is bad, am I wasting my time?
Q: Why did my mortgage company send me my payment back?
A: After your mortgage company accelerates your loan, they no longer accept a payment less than the full amount due.They are likely to send it back to
you, asking for the whole amount. You should pick up the phone and contact us now.
Q: What do I do if someone stops by the house?
A: It is possible that investors or bank representatives will come by and look at your house. This is their way of evaluating the condition of the collateral
on your mortgage. The bank may be checking that it is not vacant.
Q: How much time do I have?
A: It depends on which state your property is in. Time is against you no when you’re behind your mortgage. Take steps to get yourself caught up. The
longer you wait, the more you pay in court costs, late charges, and attorney fees.
Q: Can Help Foreclosure Center solve my problem with other bills?
A: Depends. We specialize with one thing, catching up your mortgage. We work closely with many non-profit outreach groups and credit counselors.
There is some serious step we need to take to answer this question like evaluate the fair market value and see your debts on the credit report and...
Q. What is a foreclosure?
A. When a secured creditor,usually bank, attempts to recover monies owed to them based on a promissory note by selling the collateral.In more simple
terms you have probably borrowed money from a bank or mortgage company in order to purchase or refinance a home. In exchange for lending you the
money, you made a promise that if you could not pay them back they could take the house. I will refer to the events associated with these actions as the
foreclosure process.
Q: What is Pre-Foreclosure ?
A:
1-Customer misses any or all mortgage payments.
2-Late notice send by bank.
3-Customer misses additional payments.
4-Bank attempts in writing and by phone to contact customer and resolve situation.
5-No arrangements are agreed upon and customer continues to miss payments.
6-Bank issues demand for payment under the note in full,based on the acceleration clause. Most mortgage notes contain language which basically says
if you fail to pay the bank under the terms of the note with monthly payments as promised they can accelerate the note, meaning that the full amount is
due on demand. You will find from this stage on the bank will not accept monthly payments. They will instead demand much more to reinstate the loan.
7-No payments or arrangements acceptable to the bank are made.
Q. How will I know which is the best option for me?
A. Depends, to your assets, liabilities, income, expenses and the underlying reason why the house is in foreclosure. The best solution will also depend
upon the type of mortgage you have and what stage of foreclosure you are.
Q. What will happens to the money paid by the new purchaser or auction winner?
A. Most likely, First priority will be real estate taxes .Then will go to the first mortgage then the second mortgage, third mortgage etc of course if money
is available. This process will continue until all liens and encumbrances on the property are paid.If by some chance there is still money left over it goes
to the former home owner.
Q. What Should I Do when I am in pre foreclosure?
A: DO NOT IGNORE THE LETTERS FROM YOUR LENDER. If you are having problems making your payments, call or write to your lender's Loss
Mitigation Department without delay. Explain your situation. Be prepared to provide them with financial information, such as your monthly income and
expenses. Without this information, they may not be able to help.
Stay in your home for now. You may not qualify for assistance if you abandon your property.
Q: What Are My Alternatives?
A: You may be considered for the following:
Special Forbearance. Your lender may be able to arrange a repayment plan based on your financial situation and may even provide for a temporary
reduction or suspension of your payments. You may qualify for this if you have recently experienced a reduction in income or an increase in living
expenses. You must furnish information to your lender to show that you would be able to meet the requirements of the new payment plan.
Mortgage Modification. You may be able to refinance the debt and/or extend the term of your mortgage loan.This may help you catch up by reducing the
monthly payments to a more affordable level. You may qualify if you have recovered from a financial problem and can afford the new payment amount.
Pre-foreclosure sale. This will allow you to avoid foreclosure by selling your property for an amount less than the amount necessary to pay off your
mortgage loan.
Deed-in-lieu of foreclosure. As a last resort, you may be able to voluntarily "give back" your property to the lender. This won't save your house, but it is
not as damaging to your credit rating as a foreclosure.
Q: What is California time-line?
A: The following time-line is applicable for non-judicial California Foreclosures under a Deed of Trust. Foreclosures begin with the Trustor(borrower) not
making the monthly payments to the Beneficiary (Lender), the first missed payment is technical default, but in practical terms, most Beneficiaries do not
begin the process until the third payment is missed. If the Beneficiary cannot resolve the defaulted payment amount with the Trustor through
Forbearance or other Loss Mitigation measures, the Beneficiary will instruct the Trustee to begin Foreclosure proceedings.
Day 1: Record Notice of Default(NOD)
Within 10 business days: Mail and publish Notice of Default (NOD)
Within 1 month: Mail Notice of Default(NOD)
After 3 months or 90days: Set sale date
25 days before sale date over all with in close 105 days from start: Send notice of sale(NOS) to I.R.S.(when necessary)
Within 10 days from 1st publication: Send beneficiary request for property directions
14 days before sale date: Record Notice of Sale(NOS)
7 days before sale date(If court action, 7day rule may apply) or 5 business days before sale date: Expiration of right to re-instate the loan
Sale date: Property is sold to highest bidder at public auction
Q: I'M BEING FORECLOSED. What can I do?"
A: See a lawyer! Talk to the lender. Try to get an extension, lower interest, or reduced payment you can contact us too!
Q: What Should I do when I get behind on my Mortgage?
A: 1. Don't ignore the phone calls and letters from your lender. This is the best way to wake up to a knock from the Sheriff telling you to vacate the
home. Take this matter very seriously and work to resolve the problem as quickly as possible. Keep track of all correspondence you receive for later
reference.
2. Stay in your home. You may not qualify for foreclosure help if the house is vacant. Your home, if proved vacant, can be seized. Stay in your home!
3. Contact HELPFC to discuss what the best foreclosure solutions are for you. We will negotiate on your behalf with the Mortgage Company to get your
loan back in good standing. We understand the system, the foreclosure laws and the chain of events necessary to help you keep your home out of
foreclosure. We will gladly walk you through them in a non-threatening way.
A: Back to simple philosophy, If we make our clients happy and satisfy they would bring more customer for company and we will save lots of money in
advertising budget. This is priceless!
Q: My credit is bad, am I wasting my time?
Q: Why did my mortgage company send me my payment back?
A: After your mortgage company accelerates your loan, they no longer accept a payment less than the full amount due.They are likely to send it back to
you, asking for the whole amount. You should pick up the phone and contact us now.
Q: What do I do if someone stops by the house?
A: It is possible that investors or bank representatives will come by and look at your house. This is their way of evaluating the condition of the collateral
on your mortgage. The bank may be checking that it is not vacant.
Q: How much time do I have?
A: It depends on which state your property is in. Time is against you no when you’re behind your mortgage. Take steps to get yourself caught up. The
longer you wait, the more you pay in court costs, late charges, and attorney fees.
Q: Can Help Foreclosure Center solve my problem with other bills?
A: Depends. We specialize with one thing, catching up your mortgage. We work closely with many non-profit outreach groups and credit counselors.
There is some serious step we need to take to answer this question like evaluate the fair market value and see your debts on the credit report and...
Q. What is a foreclosure?
A. When a secured creditor,usually bank, attempts to recover monies owed to them based on a promissory note by selling the collateral.In more simple
terms you have probably borrowed money from a bank or mortgage company in order to purchase or refinance a home. In exchange for lending you the
money, you made a promise that if you could not pay them back they could take the house. I will refer to the events associated with these actions as the
foreclosure process.
Q: What is Pre-Foreclosure ?
A:
1-Customer misses any or all mortgage payments.
2-Late notice send by bank.
3-Customer misses additional payments.
4-Bank attempts in writing and by phone to contact customer and resolve situation.
5-No arrangements are agreed upon and customer continues to miss payments.
6-Bank issues demand for payment under the note in full,based on the acceleration clause. Most mortgage notes contain language which basically says
if you fail to pay the bank under the terms of the note with monthly payments as promised they can accelerate the note, meaning that the full amount is
due on demand. You will find from this stage on the bank will not accept monthly payments. They will instead demand much more to reinstate the loan.
7-No payments or arrangements acceptable to the bank are made.
Q. How will I know which is the best option for me?
A. Depends, to your assets, liabilities, income, expenses and the underlying reason why the house is in foreclosure. The best solution will also depend
upon the type of mortgage you have and what stage of foreclosure you are.
Q. What will happens to the money paid by the new purchaser or auction winner?
A. Most likely, First priority will be real estate taxes .Then will go to the first mortgage then the second mortgage, third mortgage etc of course if money
is available. This process will continue until all liens and encumbrances on the property are paid.If by some chance there is still money left over it goes
to the former home owner.
Q. What Should I Do when I am in pre foreclosure?
A: DO NOT IGNORE THE LETTERS FROM YOUR LENDER. If you are having problems making your payments, call or write to your lender's Loss
Mitigation Department without delay. Explain your situation. Be prepared to provide them with financial information, such as your monthly income and
expenses. Without this information, they may not be able to help.
Stay in your home for now. You may not qualify for assistance if you abandon your property.
Q: What Are My Alternatives?
A: You may be considered for the following:
Special Forbearance. Your lender may be able to arrange a repayment plan based on your financial situation and may even provide for a temporary
reduction or suspension of your payments. You may qualify for this if you have recently experienced a reduction in income or an increase in living
expenses. You must furnish information to your lender to show that you would be able to meet the requirements of the new payment plan.
Mortgage Modification. You may be able to refinance the debt and/or extend the term of your mortgage loan.This may help you catch up by reducing the
monthly payments to a more affordable level. You may qualify if you have recovered from a financial problem and can afford the new payment amount.
Pre-foreclosure sale. This will allow you to avoid foreclosure by selling your property for an amount less than the amount necessary to pay off your
mortgage loan.
Deed-in-lieu of foreclosure. As a last resort, you may be able to voluntarily "give back" your property to the lender. This won't save your house, but it is
not as damaging to your credit rating as a foreclosure.
Q: What is California time-line?
A: The following time-line is applicable for non-judicial California Foreclosures under a Deed of Trust. Foreclosures begin with the Trustor(borrower) not
making the monthly payments to the Beneficiary (Lender), the first missed payment is technical default, but in practical terms, most Beneficiaries do not
begin the process until the third payment is missed. If the Beneficiary cannot resolve the defaulted payment amount with the Trustor through
Forbearance or other Loss Mitigation measures, the Beneficiary will instruct the Trustee to begin Foreclosure proceedings.
Day 1: Record Notice of Default(NOD)
Within 10 business days: Mail and publish Notice of Default (NOD)
Within 1 month: Mail Notice of Default(NOD)
After 3 months or 90days: Set sale date
25 days before sale date over all with in close 105 days from start: Send notice of sale(NOS) to I.R.S.(when necessary)
Within 10 days from 1st publication: Send beneficiary request for property directions
14 days before sale date: Record Notice of Sale(NOS)
7 days before sale date(If court action, 7day rule may apply) or 5 business days before sale date: Expiration of right to re-instate the loan
Sale date: Property is sold to highest bidder at public auction
Q: I'M BEING FORECLOSED. What can I do?"
A: See a lawyer! Talk to the lender. Try to get an extension, lower interest, or reduced payment you can contact us too!
Q: What Should I do when I get behind on my Mortgage?
A: 1. Don't ignore the phone calls and letters from your lender. This is the best way to wake up to a knock from the Sheriff telling you to vacate the
home. Take this matter very seriously and work to resolve the problem as quickly as possible. Keep track of all correspondence you receive for later
reference.
2. Stay in your home. You may not qualify for foreclosure help if the house is vacant. Your home, if proved vacant, can be seized. Stay in your home!
3. Contact HELPFC to discuss what the best foreclosure solutions are for you. We will negotiate on your behalf with the Mortgage Company to get your
loan back in good standing. We understand the system, the foreclosure laws and the chain of events necessary to help you keep your home out of
foreclosure. We will gladly walk you through them in a non-threatening way.
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Help Foreclosure Center is based on trust and market demand. During years of real estate
experience we have come across a lot of clients, for whom none of us could do anything to help.
Most seemed to be behind on their mortgages or at a stage most likely with a damaged credit. That
means neither lenders nor mortgage brokers could do anything to help them. When this happens
there could be two major groups:
1. Those who have good equity on the property. In this case there is a small chance! Either they
can sell their
house (if they are lucky) or get hard-money loan!
2. Those who have no equity on their property. In this case it means nothing could be done for them.
This is our offer: If you are behind your mortgage, you better contact us because there is no fee for
our consultation.
As soon as you contact us we determine what is your situation, then
we give you best advice based on our knowledge and experiences, regardless of company profit.
We put
together a group of treatable real estate specialists, from lawyers to constructors or from lenders to
loan-officers and try to find the best way for you.
Look below for FAQ
We can help you if you would like to become a foreclosure specialist.
We have tried to make a users friendly website. It is as simple as it looks.
1- Go to Home Page under How to use this site.
2- Click on what services you want to receive. If you need more than one service, please remind our
service advisor when he contacts you.
3- Fill out the appropriate form below and send it to us.
You will contacted within 24 hours. If you are not sure how to fill out the form, or how to contact us,
then let us know in writing
what exactly you are looking for and how you like that we respond to you.
experience we have come across a lot of clients, for whom none of us could do anything to help.
Most seemed to be behind on their mortgages or at a stage most likely with a damaged credit. That
means neither lenders nor mortgage brokers could do anything to help them. When this happens
there could be two major groups:
1. Those who have good equity on the property. In this case there is a small chance! Either they
can sell their
house (if they are lucky) or get hard-money loan!
2. Those who have no equity on their property. In this case it means nothing could be done for them.
This is our offer: If you are behind your mortgage, you better contact us because there is no fee for
our consultation.
As soon as you contact us we determine what is your situation, then
we give you best advice based on our knowledge and experiences, regardless of company profit.
We put
together a group of treatable real estate specialists, from lawyers to constructors or from lenders to
loan-officers and try to find the best way for you.
Look below for FAQ
We can help you if you would like to become a foreclosure specialist.
We have tried to make a users friendly website. It is as simple as it looks.
1- Go to Home Page under How to use this site.
2- Click on what services you want to receive. If you need more than one service, please remind our
service advisor when he contacts you.
3- Fill out the appropriate form below and send it to us.
You will contacted within 24 hours. If you are not sure how to fill out the form, or how to contact us,
then let us know in writing
what exactly you are looking for and how you like that we respond to you.