Asking your lender to produce the note could be the difference between keeping your home or losing it to foreclosure. The strategy entails asking your lender to produce the note for your mortgage. In order for a lender to proceed with a foreclosure, they must be able to produce mortgage note for the property. The strategy can be effective since producing mortgage documents by the lender can be difficult if not impossible for them. At the least it will give you time to get your finances together so you can get caught up or work something out with your mortgage lender.
The strategy is gaining momentum across the country. If your bank will not issue you a loan modification, you may want to consider a produce the note strategy. You really have nothing to loose. This strategy is not intedt to help you get a free home, it is only intended to delay the foreclosure process and put pressure on the lender to negotiate better terms that you can afford.
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Anew Home Loan Services
We are a complete one stop help for your home loan needs.
The advantages of using Anew Home Loan Services are clear.
The advantages of using Anew Home Loan Services are clear.
- Contact us to take advantage of our services. Our professionals will coordinate with your lenders to stop the collection calls and start the approval process.
- If foreclosure of your home seems inevitable, we will work our best to negotiate with your lenders to stop your home from being foreclosed as we work with you on your modification.
- Our Loan Officers and Loan Specialist are a team that can help you qualify by helping you document and substantiate any hardships which have impacted your ability to continue to be able to afford your current mortgage. We will work with your lender to get your home mortgage loan modification accomplished in order to lower the monthly payment and make your mortgage payment affordable within your current income.
- The “housing crisis” has depreciated the value of many homes. Home owners are finding that the existing mortgage loan exceeds the present value of the home. We can work with you to get the loan modification to adjust your mortgage to the current reduced value of the property.
- Selling a house is often a better alternative than foreclosure. We have a network of affiliates to help you sell of the house before foreclosure becomes applicable. If needed, this step can avert foreclosure.
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