I've Tried to Refinance, But I Don't Have Enough Equity

According to The Department of Housing and Urban Development, "If your home is currently worth significantly less than you owe on it, MHA's Principal Reduction Alternative (PRA) was designed to help you by encouraging mortgage servicers and investors to reduce the amount you owe on your home."


For additional information regarding this program, please visit: 

Loan Alternatives

This website will provide you with general guidelines and requirements for this program; however, your mortgage servicer may have specific requirements in addition to these general ones, and the servicer has the authority to approve, deny or provide you with a counter-offer to your request.

If you would like us to assist you with this process, please do not hesitate to contact us via e-mail; please remember that you are able to independently process this request without the assistance of N2N Advocates or any other third party.

I Want To Sell My Home, But It Is Worth Less Than I Owe

Are you considering selling your home, but believe that you owe more on it than it is worth and do not have the funds necessary to pay the difference?  Many people are finding themselves in this situation; do not panic because there are options, such as listing your home as a short-sale.

A short-sale simply means that the bank agrees to accept less money to payoff your mortgage, than what is currently owed; this customarily would only happen if the seller can demonstrate a hardship, and if the lender determines that the value of the property is in fact less than what is owed.

While previously, short-selling your home was a very difficult task, lenders and servicers are now offering different short-sale programs, and have made communication between your listing agent and them easier.  Many lenders now use a web-based system, which can help track the status of your short sale, instead of constantly being transferred to various departments and getting nowhere.  

If you would like more information regarding listing your home as a short-sale, please contact us via e-mail; we would be happy to answer any questions you may have.

I Have A Previous Bankruptcy, Foreclosure and/or Collections

Have you previously filed bankruptcy?  Did you lose your home to foreclosure?  Do you have collections?  Are you wondering what you need to do to improve your credit and how long you will need to wait before you can qualify to purchase a home?

Well, you are not alone.  Due to the mortgage melt-down, which affected many sectors of the economy, people have experienced loss of employment or curtailment of hours, which made it impossible to continue paying the bills that they previously were able to successfully manage.  Many were left with no other option than to choose which bills they could pay, or even file for bankruptcy protection.  

If you are in this situation, and are now wondering what you need to do in order to improve your credit, or would like to know the waiting periods lenders require from a previous bankruptcy or foreclosure, we can help you.

For more information regarding these, or related matters, please contact us via e-mail on our home page; we look forward to hearing from you.

  

I Am Having Trouble Making My Mortgage Payment

Are you finding it increasingly difficult to make your mortgage payment on time?  Have you already fallen behind on your mortgage payment?  Do you feel like you don't know where to begin in order to resolve this issue?  

We understand that if you find yourself in this situation, you may feel like you do not know where to turn; we want to help.

We have dealt with clients who have been in similar situations, and we believe that information is the most important resource we can offer our clients.  

Based on our experienced, we have discovered that just because you find yourself in a situation that is similar to your neighbor or co-worker, that does not necessarily mean that your situation can be resolved in the same manner; everyone's situation is unique, as is the best action plan to resolve the matter. 


The only way that you can determine the action plan that is best suited to your needs, is to get reliable information; we can help you obtain the information you need to make the decision that works for you.


If you would like additional information regarding these issues, or related matters, please contact us via e-mail on our home page; we look forward to assisting you. 

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http://www.n2nadvocates.com/