Northern Virginia Realtors: Behind in your mortgage payments? Free resources to check out.

Behind in your mortgage payments? Free resources to check out.

Behind in your Mortgage Payments? Free Resources to Check out.


 

Getting mentally ready to call my mrtgage company

If you  are behind in your mortgage payments or are anticipating the inability to pay, here are some tips and resources to help you buy time, renogotiate or avoid foreclosure.

Rule #1: CALL THE MORTGAGE COMPANY...do not wait until you are really far behind.

You may qualify for programs that may fix your situation. Yes, talking to your mortgage company is like chewing glass no matter how much their recordings say they love you...but hey that is the ball game and they have the ball....however this game has rules, referees and advocates to help you.

The good news is that lenders do not want to foreclose on your property, they already own enough and the process is expensive for them, so be pro active and see if a crisis can be averted.


I am getting my information together

Have all the following documentation ready before you call, it will help the process go faster with fewer bumps in the road:

-Mortgage statement
-W-2 s and Tax return
-Pay stubs

 

 

 

 


 Any additional debt you may be carrying:
-Second Mortgage statements
-Credit Cards
-student loans car loans

Be sure to prepare a short statement about your current or future financial hardship situation....they will ask for this

Also, 2 organizations whose goal is to help you are:

Hope Now and National Assoc. of Consumer Advocates

 

Check out the following government sponsored video for more info: Help Me Video and this one from Bernice Ross 

 

Even more resources:

The following information is provided courtesy of Northern VA Assoc of Realtors:

Ongoing regional Foreclosure Prevention Clinics are also being offered It is painful but I will CALL and try to fix thingsby Housing Counseling Services, a Department of Housing and Urban Development (HUD) approved housing counseling agency and a contract agency of the City of Alexandria.  For more information on HCS’ Foreclosure Prevention Clinic, download the flyer.

Legal Services of Northern Virginia (LSNV) provides legal advice and housing counseling to low-income homeowners facing foreclosure.  In addition to having offices throughout Northern Virginia, LSNV has an office in Alexandria at 603 King St., on the Fourth floor.  The telephone number for the Alexandria office is (703) 684-5566.  Those seeking assistance can either call or walk in to set up an appointment.   For additional information on LSNV’s Foreclosure Legal Assistance Program (FLAP), see LSNV’s website at www.lsnv.org.

If you need local human beings to talk to about this, please feel free to drop us a line. We are happy to share our experiences.

 

 

Why pay more and get less when selling your home? Jan and Steve Bachman of RE/MAX Gateway use professional photographers, create interactive photo floor plans, print full color brochures, and make an individual property website for your listing that goes out to 40+ public real estate search sites including Realtor.com, Trulia, Zillow etc.

 

We also create a custom photo tour that is sent to other agents and prospective buyers.

 

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RE/MAX Hall of Fame, Platinum Club, A Washingtonian Magazine Top Agent 2018

Happy to Help. No Hassle, No Pressure.

Jan and Steve Bachman are full time Realtors® with RE/MAX, specializing in Homes for Sale in Fairfax, Loudoun, Prince William and Arlington Counties.

    

 

Our 3 rescue dogs have been GREAT! Go get a couple.

Comment balloon 2 commentsSteve and Jan Bachman • June 29 2010 02:39PM

Comments

Steve...No matter the situation, call the Mort. company.  This is great advice.  if more people would have done this early on, more may have been helped.

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) over 9 years ago

William everyone hates that first call as you know...but once that ice is broken, they may be able to help the borrower. But you've got to Call!

Posted by Steve and Jan Bachman, Realtors - Northern Virginia (RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax ) over 9 years ago

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