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WHAT THE BANKS DON’T TELL YOU CONCERNING FORECLOSURE!

If there is one thing that you have to know about Banks is that their main business is loaning and storing money; your money, in order to make much more money on your behalf. And they will even lend money to those who don’t need it in order to make a return on it; And along with this means that Banks are very much involved in the risk avoidance aspect of the business. In other words if there is even a slight issue that cannot be worked out on your loan application, then the odds are that your loan request may not be approved.  Have you ever stopped to think what your options are? Mainly of us are lead to believe that while you are in foreclosure that you can only deal with the banks for a solution. But it is no worry to the individual banker who was processing you loan because they will still get a check 2 weeks later for denying your loan request! But did you know that you can work with a Real Estate Investor to formulate a different plan. You may be able to save your home with out all of the hassle of dealing with the banks and their rules.

It is advised you to work with Real Estate Investment Specialist who can explore different options with you. If in the end you find out that the options are not what you are willing to deal with you can opt to have your home sold in5 days or even less. This is something that the big name banks will not use as a solution to help you save your home.  But then again even with this you have to be cautious and selective about whom you choose.  It is a sad truth, but not all Mortgage Companies are truthful and forthcoming as they would have you to believe. For example some will take your application (along with your hard earned money) and tell you that you are locked into a particular rate for your mortgage payment. Then when you come to the closing table they will quote you a rate with higher rates or even worse; with more points; yes this does still happen in our time.  So before you sign anything with a big bank, contact us first.

Again, when you are making decisions concerning down payments, the length of the loan points and other related issues, please keep in mind that the decisions need to be carefully thought through and analyzed prior to refinancing your home. And the only way that you can do that is to be informed on all of the issues and options in order to steer clear of hidden financial traps or mistakes. But the biggest issue that big banks won’t tell you is that you have a fast option to sell your home because they want you to make the payments to them! You always have another option and when you contact us we can show you all options that the big banks won’t!