What Are Foreclosure Consultants

A foreclosure consultant is a professional who provides the buyers with a comprehensive analysis of what they can expect from a sale of the home if they take out a mortgage. This analysis can help the buyers determine what type of house they would want to live in if they were looking at purchasing a home. A foreclosure counselor helps the buyers by providing accurate information about the market, narrowing down their search to one or two homes that fit the specific criteria they have identified.

It is widely accepted that any foreclosure consultant is a specialist in the foreclosure market. This is because they have had years of experience in helping individuals in desperate situations. They know what questions to ask lenders, and they can provide the much-needed guidance to help distressed homeowners avoid foreclosure.

What Does A Foreclosure Consultant Do

Foreclosure consultants assist homeowners before, during, and after the foreclosure process has started. Some firms as ours can provide bankruptcy foreclosure consultation services, but they provide direct services to the homeowner and their family in most cases. A foreclosure counselor is a foreclosure expert who is not a broker or salesperson. 

They are independent in their business practices and have an in-depth knowledge of the foreclosure process. Once the homeowner realizes that they need help, the consultant provides a comprehensive service: 

• Filing paperwork
• Negotiate lower monthly mortgage payments or obtain a forbearance
• Loan modifications
• Foreclosure credit counseling
• Foreclosure avoidance counseling
• Property maintenance

A foreclosure consultant is vital to the success of any foreclosure process. If you want to save property from foreclosure, contact our New York foreclosure counselling services in Kings County as soon as possible. While the average homeowner may not know everything there is to know about the foreclosure process, they sure can learn a lot about what a foreclosure consultant can do for them. This knowledge is priceless when it comes time to negotiating with banks and getting a lower interest rate on a mortgage that may have been taken out through an illegal or unprofessional loan agreement.

Assist In Obtaining A New Loan Or Refinancing Package

If you are looking to get a new loan or refinancing package approved, then it’s essential to make an effort to repair your current credit rating. Credit ratings play an important role in financial institutions determining whether your creditworthiness for getting a loan or not. They look at several factors, including how long you have been making payments on time, your current debt levels, and what types of credit accounts you have open. 

This information is used to determine how risky it would be for the financial institution to give you a loan based on all of the reviewed information. A bad credit rating can make things seem complicated when you need a loan, but it doesn’t make them worthwhile when you’ve made all of your payments on time. Foreclosure counselor can assist you in obtaining a new loans or create a strategy how to get refinancing when it’s possible.

Help Obtain A Waiver For Various Mortgage Clauses

There are so many homeowners across the United States who need help obtain a waiver for various mortgage terms. If you are looking for such assistance and want to learn how to request a mortgage modification from your lender, contact foreclosure consultants. It is important to note that if you are experiencing difficulty making your mortgage payments on time, you may qualify to receive financial assistance from the United States government. 

If you decide to pursue such help, you will want to work with our professional team. We will help you negotiate a new loan term and provide with foreclosure avoidance counseling. Besides, you can get help in achieving a short sale of your home. If you own a home that you no longer can afford, you may qualify for and obtain help from HUD. 

Provide Advice On Avoiding Foreclosure

Studies show over 50% of troubled homeowners believe telling a lender about financial difficulties will only accelerate a move to foreclosure, and so that they prefer to keep silent. “By the time they feel pressured to contact somebody about their fiscal issues, it’s often too late to do anything,” Jeff Bell, president of the Silicon Valley Association of REALTORS®, recounted what he has heard from members of their institution. 

Our foreclosure consultants in Kings County, NY, will personally review your case. Each situation is unique,, and you always need to talk with professionals. Below are steps to successfully avoiding foreclosure:

1. Don’t ignore the problem.
2. Contact your lender as soon as you realize you have a problem.
3. Open and respond to all emails from your lender.
4. Know that your mortgage rights.
5. Understand foreclosure prevention options.
6. Contact a HUD-approved home counselor.
7. Prioritize your spending.
8. Utilize your resources.
9. Avoid foreclosure avoidance companies.
10. Do not lose your property to foreclosure restoration scams

Never sign a legal document without reading and understanding all the conditions and getting skilled advice from a lawyer, a trusted real estate professional, or a HUD-approved home counselor. Some of foreclosure consulting solutions you can get on cheap online websites can be harmful.

Foreclosure Consultant Vs Attorney (Lawyer)

The difference between foreclosure consultant and attorney isn’t that big. An attorney will have access to resources and information that a foreclosure consultant does not have. Additionally, the foreclosure lawyer may be required by his/her clients to use specific procedures, which a consulting service will not require from you. Since the consulting service does not do any legal work, their rates are typically lower because they do not have to pay any lawyer fees or any out-of-pocket costs for advertising or other expenses.

Another difference is that a foreclosure lawyer can be very busy with so many clients. In contrast, a foreclosure consultant can give you an immediate answer, as you will usually receive an e-mail when your case has been settled. Although you will still need to provide copies of your mortgage papers, the e-mail should indicate that your case has been resolved, so there should be no reason for you to worry about any money missing. 

Benefits From Hiring A Foreclosure Consultant in Kings County, NY

There are many benefits from hiring a foreclosure consultant to help you save your home from foreclosure. Our foreclosure counselors can give you expert advice on stopping foreclosure, negotiating new terms for the loan, and lowering your monthly payment by half or more. We can also guide you through the process to avoid making costly mistakes in the future. While this is an excellent way to relieve the stress of losing your home, there are some pitfalls to watch for. 

Unfortunately, some foreclosure consultants do not have the proper experience or even qualifications for the job. Before hiring a consulting service, you should make sure you are dealing with an experienced professional. Many foreclosure consultants will have references provided to potential clients.

If you hire the exemplary foreclosure consulting service, you will be much better off financially after your home is foreclosed. However, keep in mind that these are professionals working at a discount rate. Therefore, you should expect to pay a little bit more for their services. 

Can A Consultant Help Avoid A Foreclosure

Our team of foreclosure consultants in Kings County can be a great help to you during the foreclosure process. We can help you find all the information you need about the foreclosure process and the laws involved in the foreclosure process your state. The best foreclosure lawyers can also provide you with valuable information on the different foreclosure consulting solutions you have available tto save your house from foreclosure.

If you do not know what options you have, then you will not know what is going on. If you do not seek out the appropriate help, you may just lose your home to foreclosure. So you need to act fast and find a foreclosure lawyer or consultant to help you save your property. Foreclosure lawyers can be pretty expensive, to get advice from a foreclosure expert is a good idea if you are facing the possibility of foreclosure. 

You should keep in mind that just because a foreclosure expert gives you advice does not mean that you must act on that advice. Remember that you will still need to take action to save your home from foreclosure,  and you need to take action now before your situation gets worse. A foreclosure lawyer can help you get through this process faster and help you to save your home from foreclosure.

Foreclosure Consultant Fees

The fees of each foreclosure consultant depends on you case. You can contact us and learn how much will cost assistance in your case and also get a free foreclosure consultation. In general, the costs of hiring a foreclosure consultant service are often much less than paying out money in fees to a foreclosure lawyer. 

This is because the service provider already has your side covered and will negotiate a reasonable price on your behalf. The one thing that you must make sure of is that the fees you will be required to pay will not exceed the home’s value that you are trying to save. Important thing, when you contact attorney, it will be faster to start foreclosure defense process.

Contact A Licenced Foreclosure Consultant in Kings County, NY

To find out what rights you have in a foreclosure situation, contact a licensed foreclosure consultant to assist you in avoiding foreclosure. You can do many thingsmany reputable consultants areey, they will explain what your legal rights are regarding being foreclosed upon. If you face foreclosure, contact our foreclosure consultants in Kings County, NY to prevent further damage to your credit rating or your mortgage loan. We can assist you with foreclosure credit counseling. 

When it comes to foreclosure, don’t leave it to chance. If you are facing foreclosure, contact a foreclosure counselors in Kings County to prevent further damage to your credit rating or your mortgage loan. We provide innovative foreclosure consulting solutions that works. Fill the form below to get your free foreclosure consultation!

FAQ:

What is foreclosure counseling?

Foreclosure counselors assist families in understanding their choices for loan repayment or modification. Also they help families cope with the burdens of losing a home. Foreclosure counseling is usually conducted by nonprofit organizations proficient in providing homeownership counseling and schooling.

What does a mortgage counselor do?

A mortgage foreclosure consultant is specially trained and certified by the authorities to help you assess your financial situation. They help if you are having difficulty paying your mortgage loan, and make a plan to get you assistance with your mortgage.

How can HUD help me avoid foreclosure?

HUD-approved housing counseling agencies are available to give you the information and assistance you want to prevent foreclosure.

How can I stop foreclosure?

You can prevent the foreclosure process by notifying your lender, which you will pay off the default amount and extra fees. Your lender would prefer to have the money  more than they’d have your house. So unless there are extenuating circumstances, this should do the job.

What type of lawyer handles foreclosures?

A real estate lawyer can help you in a variety of ways through the procedure. An attorney will do foreclosure defense and work with your lender to figure out alternatives that may help you.