PRE-FORECLOSURE EXPERTS
Our firm specializes in pre-foreclosure real estate, offering a seamless blend of professional marketing and lender negotiations to deliver top dollar for your home. We combine the proven strategies of a conventional real estate office—expert marketing, stunning photography, and skilled buyer negotiations—with our unmatched ability to work directly with lenders to stop foreclosure proceedings.
Why Work with Us Instead of a Traditional Real Estate Office?
We Know Pre-Foreclosure Inside and Out:
Unlike most agents, we specialize in pre-foreclosure sales. That means we understand the process, the pressure, and how to work with lenders to get results.
We Talk to the Lender So You Don’t Have To:
Our team negotiates directly with your lender to stop or delay the foreclosure process—giving you time to sell your home the right way and protect your equity.
We Customize a Plan That Works for You:
From smart marketing to strategic pricing, we tailor everything to fit your unique situation and get your home sold fast—and for the best price possible.
We’re With You Every Step of the Way:
You’ll never feel alone in the process. We guide you from start to finish, so you can move forward with confidence and peace of mind.
When you work with us, you’re choosing a team that knows what’s at stake—and how to get it done. Let us help you avoid foreclosure, protect your equity, and move toward a better future.
LOAN MODIFICATION
A Loan Modification helps make your mortgage payments more affordable and keeps you in your home by adjusting loan terms. Here’s what you need to know:
- Eligibility: You must show a loss of income or increased living expenses, have continuous income (wages, Social Security, disability, or pensions), and at least $300 in surplus income. Your surplus should not be enough to clear arrears within six months.
- Payment Reduction: Your new payment must decrease by at least 10% or $100, and the loan will be re-amortized over 30 years.
- Trial Payments: Complete a 3-month Trial Payment Plan (4 months if facing imminent default).
- Time Limits: You cannot receive a Loan Modification more than once every 24 months.
Lenders can include legal fees and foreclosure costs in your loan balance but must waive late fees. They may inspect your property to confirm there are no issues affecting payments. The interest rate will match the Market Rate based on Freddie Mac’s latest rates, rounded to the nearest 0.125%.
Lenders will also review your escrow account to ensure taxes and insurance are accurate. If you’re unemployed but your spouse earns income (even if they’re not on the mortgage), the lender may consider household income but consult legal counsel.
This information is reliable but subject to lender discretion.
SHORTSALE
If you’re facing foreclosure and owe more than your home is worth, a short sale might be the solution. A short sale allows you to sell your home for less than the mortgage balance, with the lender’s agreement to settle the debt for a reduced amount, known as a short-pay. This option helps you avoid foreclosure and severe credit damage.
How a Short Sale Works
Sale Process: We handle everything, including listing the home and negotiating with the lender, allowing you to avoid foreclosure and protect your credit.
Lender Agreement: The homeowner and lender agree to a short-pay, where the lender accepts less than what’s owed on the mortgage.
Our Role: When you hire us, we ensure the lender is satisfied with the short-pay and work to prevent foreclosure. In some cases, we can even secure relocation assistance from the lender for up to $10,000.
Benefits of a Short Sale vs. Foreclosure
- Less Credit Impact: Short sales generally result in less damage to your credit than foreclosure.
- Avoid Foreclosure: Hiring us prevents the lender from moving forward with foreclosure, giving you peace of mind.
- Relocation Assistance: We can help secure relocation funds of up to $10,000 from the lender, making your move easier.
- Control Over the Sale: You can sell your home on the open market for a better price, rather than the lender auctioning it off.
When to Consider a Short Sale
You owe more than your home is worth.
You’re facing foreclosure and want to protect your credit.
You want to sell the property with the lender’s agreement to a short-pay.
Get in Touch with Our Experts
6518 Greenleaf Ave #23, Whittier, CA 90601
562-273-5455
Sergio@RISEreg.com