What is going on in today’s society? Is it not enough that we are seeing the American Dream slip through the hands of our fellow Americans? Every day we are reading and watching news talking about scams and people claiming to be professionals and virtually stealing the homes from underneath unsuspecting homeowners in preforeclosure and Foreclosure situations.
Foreclosure is a very crucial time. It is important that homeowners do their research on a Foreclosure prevention company or professional. Please, If someone has contacted you and promising to “fix” things with your Foreclosure, look them up with the BBB. Also, find out what options they offer. There are still legitimate companies out there working on behalf of the homeowner. Freedom Foreclosure Prevention Services is one of them. They will work with the homeowner’s lender directly and negotiate a program to get you back on track with your lender based on your financial situation.
Yes loss mitigation is a legitimate service and yes you can attempt to negotiate with your lender directly. However, prepare yourself to be snowballed. Lenders are not informing homeowners of all their options because it is not in the lender’s best interest.
A real loss mitigation Company has been in the industry and this particular field for years and will know all the ins and outs of most lenders. Not only that but they negotiate with these same lenders on a daily basis. Have you negotiated to save your home before? Have you been doing it every day for years? Would you rather trust a professional or yourself when you stand to lose your home if you don’t succeed?
Make sure the company you select has a clean track record. Make sure they offer a decent guarantee of their services. If they don’t offer a guarantee they either lack the most important ingredient-experience. Another reason some of these companies don’t offer a guarantee is because they are using loss mitigation as a tool to get you in the door, eat up what precious time you do have and then wait till the last minute to offer to buy your home as an alternative. If loss mitigation is not an option because of your particular situation an honest company will let you know this immediately. Not wait 3-4 weeks and then drop the bomb.
Again, if you want to help yourself, check with the BBB. Do your research on the internet and use your common sense. You have the ability to make an intelligent decision based on the tools available to you. Be your best friend and your familily’s. If you attempt to negotiate with your lender directly would you want to be the cause of losing your most valuable asset? Your Home? Do your homework!
