What is foreclosure?
Home foreclosure is the equitable proceeding in which a bank or other secured creditor sells or repossesses a parcel of real property (immovable property) due to the owner's failure to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust." Typically, this is because the borrower or homeowner is behind on house payments and is unable to catch up, often due to circumstances outside of his or her control. When the lender forecloses on the homeowner the property is taken buy the bank and all equity becomes jeopardized. The legal time frame and process varies from state to state. CLICK HERE to find out the foreclosure process in your state

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What can Home Recovery Solutions do for me?
We can provide you with a FREE consultation to determine if we can help you. Every situation is unique so there are usually several options to get you out of foreclosure and protect your credit history. Call us so we can explain each of these to you and determine which apply to your particular situation.

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Why does paying for loss mitigation techniques fail?
The goal of loss mitigation is to work out an agreement between the homeowner and the lender that will stop foreclosure proceedings permanently. However, in most cases these techniques are a temporary solution that allows homeowners to stay in their home and protect their credit history. Some techniques used are loan modification programs, forbearance Agreements, Deed in Lieu, and even sometimes pulling equity out of the property. People who provide these loss mitigations services charge people fees and usually provide no real solution to the problem. We don't favor these techniques because most of the time they are not in the best interest of the client. Some foreclosure cases can benefit from loss mitigation but, from our experience it usually creates a temporary stay so that people can keep their house. Most of the time it results in money being spent on services resulting in no real solution to the problem and foreclosure shortly after.

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How does Home Recovery Solutions stop foreclosure?
Our company specializes in resolutions of mortgage delinquencies or home foreclosure claims on behalf of you. What this means is we don't look to spend your money on services that create a temporary stay or way for you to negotiate lower mortgage payments. Our goal is to help you remove your financial burden and give you a chance to start over. We work with you to determine your best alternative. By working with you and your lender, we can usually tailor a resolution that results in favorable financial circumstance. In most cases we can usually purchase your property or have one of our investors purchase your property at a fair market value.

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How long do I have to act?
Time is of the essence when you are behind on house payments. In most cases people wait to contact us as a last resort and expect us to work miracles. We usually have several options to afford our clients but as time passes the options diminish and are no longer feasible. The increase in mortgage foreclosures have sky rocketed across the United States and the time to negotiate a solution has doubled do to the increase in volume. Be smart about the situation and contact us in the early stages. Call today for a free consultation.

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Several companies contacted me recently offering help. What makes Home Recovery Solutions different?
There are many companies out there claiming they will help you stay in your house, but the truth is they are not what they appear to be. Beware of attorneys who advertise to you that bankruptcy is your only solution. As mentioned above stay away from companies that charge service fees or collect a consultation fee then do nothing for you. We feel that we have some of the most experienced and well respected agent in the industry. We don't want to send you into bankruptcy nor de we want to charge you fees to tell you information that you could find out on your own for FREE. Give us a call, speak to one of our professionals and find out what we can do for you.  Remember our consultation is FREE.

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Should I negotiate with the lender myself?
Yes. If you are only a payment or two behind and your lender has not began foreclosure proceedings there is a chance they may be able to help you. However, if you know that you can't afford the property you may want to look into contacting Home Recovery Solutions. You don't want to negotiate with your lender with intentions of not paying them anyway. These types of tactics usually make it harder to negotiate a resolution down the road. Be honest with yourself and if you think you can get yourself out of the financial situation talk to your lender. Making a phone call to your lender is perfectly fine to do and may result in a loss mitigation plan that results in a workout agreement that is favorable. The question you need to ask yourself is; "Can I afford this property in my financial situation"? If the answer is no then you should talk to us to find out what solutions we have for you.  Sometimes lenders will straggle you along so if you don't have something worked out within 1-2 weeks, then it's obvious that your lender is not serious about working things out with you directly. Your only chance may be to contact Home Recovery Solutions who can better serve you with professional representation and use formal business protocols to your advantage.  Many times mortgage companies will lead you to believe they are working out a resolution and then you receive a letter stating that you property is being foreclosed.  Be smart about the situation and call Home Recovery Solutions for a FREE Consultation.

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How long does it take for you to complete the case once we fill out all of the paperwork?
Every case is different and every solution and mortgage types is different. Usually it can take anywhere from 2 days to a few months. It all depends on the stage of foreclosure, the state you live in, your financial position and the lending institution. Typically it takes several weeks to complete any type of transaction that will stop foreclosure proceedings.

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Do I have enough time to stop foreclosure?
You can stop foreclosure up until the sale occurs, there is still hope so don't hesitate to contact us. People usually wait to contact us after they have received a sale date for the house. Please make every effort to talk with us before that, remember we offer a FREE consolation. We can stop sales set for the next day but this is very risky for us and some lenders are not willing to negotiate at that point. Your best bet is to take action immediately to stop foreclosure before it goes too far.

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How much do you charge to stop foreclosure?
We charge no fees for our services. However, depending upon the situation there may be outstanding liens, filing fees, property repair, etc. that the client may have to pay to follow through with one of our home recovery solutions. We make every effort to provide you with a free solution and account for all fees, repairs, etc. in our offer price. We are confident that in an event there are charges resulting from one of our solutions you will feel that they are small compared to the cost of the alternatives.

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I'm currently in bankruptcy. Can you still help?
No. Our solutions can not be offered when you are in bankruptcy. When the mortgage is out of the bankruptcy, we can proceed to help you. Don't let things go this far since bankruptcy will effect your credit and will decrease your chance of owning another property.

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I've already talked with my lender and they just want all their money. Can you still help me?
Yes. Most of our clients experience this kind of inflexibility from their lenders. We have seen or heard this from most of our clients going into home foreclosure. We have developed positive working relationships with key people at most banks and have processes in place that result in the bank wanting to talk with us. 

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Should I file for bankruptcy to save my house?
No!  That usually doesn't work. It usually creates a temporary stay and ruins your credit.  The American Bar Association has reported that 96% of homeowners who declare bankruptcy end up losing their home to foreclosure anyway. Bankruptcy is very unlikely to help you save your home. If you declare bankruptcy you will likely end up with BOTH a bankruptcy and a foreclosure on your credit report.

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Do you help people not in mortgage foreclosure?
Yes. We buy houses, commercial properties, and land in all situations and conditions. We have a network of investors that are eager to buy houses and commercial property. Contact us today to find out how you can get fast cash for your house or commercial property.  

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What if I can no longer afford my home?
If you can't afford your home we can buy your house, secure a short sale payoff or put you in contact with an investor to buy your house. Every case is different so call today to find out if we can purchase your house.  

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