Avoiding Foreclosure
Today, nearly 1 out of every 6 homeowners in America is behind in mortgage payments. These are tough and frustrating times but foreclosure can be avoided! Now more than ever it's important to know your options. Team Leung can help you avoid foreclosure, while protecting your credit and your financial future.
There are many government programs available for struggling homeowners including HAMP (Home Affordable Modification Program), HAFA (Home Affordable Foreclosure Alternatives), HARP (Home Affordable Refinance Program) and 2nd lien modification. Our Government Loan Eligibility website can quickly help you find out which option is right for you.
Don't qualify for government assistance? Help is still available- most lenders offer their own assistance programs- contact us today to learn more.
For a free, confidential consultation to discuss options for keeping or selling your home, contact us today.
Check our blog often because we are always posting the latest information on this ever-changing topic! We have set up a special section exclusively for foreclosures and short sales.
Beware of Scams Be cautious of businesses that make guarantees, ask for fees up front or ask you to pay your mortgage payment to them. The Federal Trade Commission's website highlights ways to spot disreputable foreclosure assistance and a short video with interviews with those who have been targeted by scam artist.
When Bad Things Happen to Good People Most common reasons for financial hardship.
Foreclosure is a Lose-Lose Lenders, insurers, mortgage servicers and others all want to avoid foreclosure too.
Making Home Affordable New website launched by Federal government which helps homeowners determine if they are eligible for loan modifications or refinancing.
Options for Homeowners in Foreclosure Find out the many legal options to foreclosure.
What is a Short Sale? How is this different from a foreclosure? 
Using a Certified Distressed Property Expert Only a small percentage of Realtors have this important credential.
5 Reasons Lenders Reject Short Sales Avoid these common mistakes to increase your chances of approval.
Short Sale Documents Needed Although each lender and situation is different, here is a list of the most common documents needed when short sales are submitted.
Tips for Writing a Hardship Letter Get out your pen and start drafting a compelling letter! Don't know where to start? Here are some essential items to include.