- Pre-foreclosure Sale / Short Sale
If you are willing to sell your home and you owe more than what the property is worth our foreclosure specialist will guide you through the short sale process. Banks are willing to take a loss rather than wasting time and money with foreclosure expenses. Helping you avoid additional credit problems, deficiency judgment and foreclosure. Through this process your deficiencies are forgiven.
- Loan Modification
Is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.
- Refinance mortgage
We have within our staff mortgage consultants that know what the mortgage company requires to avoid foreclosure
- Reinstating your existing loan (aka Forbearance)
The reinstatement process consist of the total amount that is past due amount including late fees and Attorney costs. Our specialist will walk you through the different reinstatement options in order to fit your need and monetary status. The quickest method for resolving your mortgage foreclosure would be a reinstatement of your loan.
- Sheriff Sale postponement
Our specialist will assertively work on postponing the sheriff sale to give us more time to resolve your foreclosure situation.
Not only can we negotiate with the bank to postpone the sale, but also we can legally adjourn the sale up to 4 weeks per NJ Law. (link to NJ law).
Believe it or not the Mortgage Company does not want to foreclose on your property and will only do so as their last resort.
- Foreclosure redemption
As per NJ Law you as the homeowner are entitled to a minimum of a 10-day redemption period, in which our foreclosures specialist can help you with reacquiring your property.
- Sell Your Home (For some it maybe your last option)
At Real Estate Financial Solutions has NJ licensed Real Estate Agents that will assist with the sell of your home along with postponing the sheriff sale in order to get maximum exposure and profit.
- Sell Your Home With the Option to Buy Back (link to Foreclosure scams)
Real Estate Financial Solutions will work with you and your attorney in order to come to an agreement to sell your home with the option to buy it back.
- Deed-In-Lieu of Foreclosure
Our foreclosure specialist can help you with a procedure that allows you to deed your property voluntarily to your Mortgage Company and your debt or deficiency is often forgiven. This will be a negative strike on your credit rating, but is less harmful than a mortgage foreclosure.
- Bankruptcy
Bankruptcy should be your last resort. These legal proceedings can be costly and critically affecting you’re credit and your chances of obtaining a mortgage in the future.
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