Foreclosure Solutions
Foreclosure Assistance & Counseling Services WI
Worried About Foreclosure?
Our process ensures that you know all your options.
Worried About Foreclosure?
Our process ensures that you know all your options.
We will discuss the possibility of keeping your home through loan modification, forbearance or bankruptcy as a last resort. We will talk about short sales or selling your house out of foreclosure to determine if you can profitably move forward.
You will understand the moving timeline, how to save money, how to keep the money you already have and the possibility of making money despite the foreclosure. From start to finish, we will be there to help you.
You will have a plan and feel confident that you can move on and secure your future.
You Will Learn About:
Loan modification is a change made to the terms of an existing loan by a lender. It may involve a reduction in the interest rate, an extension of the length of time for repayment, a different type of loan, or any combination of the three.
Forbearance is when the lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. You will have to pay the payment reduction or the paused payments which are then tacked on to the end of loan. Forbearance in no way erases the amount you owe on your mortgage.
Bankruptcy is a generalized term for a federal court procedure that helps consumers and businesses get rid of their debts and repay their creditors. If you can prove that you are entitled to it, the bankruptcy court will protect you during your bankruptcy proceeding. In general, bankruptcies can be categorized into two types:
A short sale in real estate is when a financially distressed homeowner sells their property for less than the amount due on the mortgage. The buyer of the property is a third party (not the bank), and all proceeds from the sale go to the lender. In general, the lender forgives or takes as a loss the remaining balance due.
A judicial foreclosure or civil action to foreclose begins when the lender files a lawsuit asking a court for an order allowing a foreclosure sale. The lender gives notice of the suit by serving you a summons and complaint. Most people get 20 days to file an answer to the complaint. Judgement take place yet there is still time to either redeem by paying the balance due in full or selling the property before the sheriff’s sale.
Deal With Uncertainty
If you or someone you know is under threat of mortgage foreclosure in Wisconsin, we can guide you through the foreclosure process, show you how to protect yourself and help you determine the best course of action.
Our trained and experienced staff will take you through the process, step by step, to ensure a soft landing.
Are you looking for foreclosure help in Wisconsin?
Don’t worry, all is not lost if you’re facing foreclosure. Our service is free and confidential. Just one hour that may change your life.