If you are facing any of the property situations below, reach out NOW to get more information and understand what your options are.
Forbearance is when a homeowner can't make their mortgage payment and they ask their lender for 90 days of no payments. The problem is that at the end of those 90 days, the homeowner has to pay back all 90 days of those payments in on shot.
Late on Payments (Pre-Foreclosure) occurs when a homeowner fails to make mortgage payments prompting the lender to issue a notice of default. This is a legal notice and means that the lender has begun the legal process of foreclosures.
A lien is a legal claim or a right against property and can exist as a result of legal action. Liens can also exist as a result of legal action - HOA liens, tax liens, judgment liens, mechanic or construction liens.
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