Home Foreclosure Options

• Credit Unions

When Struggling to Keep Their Home ... Home Owners Have Options
 
 
(PRWEB) August 17, 2004 –- Lord & Lesniewicz announced today that it is launching a campaign throughout the Midwest to educate consumers on their options when facing home foreclosure and allow them to keep their homes.

“After seeing friends go through the pain and anguish of mortgage foreclosure, we decided that there had to be a better way,’ said Cherise Lesniewicz, Vice-President of Lord & Lesniewicz. We searched various options and discovered a company called Freedom Foreclosure Prevention Services (FFPS) and US Loss Mitigation (USLM). After completing our due diligence, we discovered that FFPS and USLM have the answers for people in foreclosur that allow them to keep their homes and save their equity.

Depending on the home owner’s situation, some options are more favorable to the home owner than others. The home owner, though, needs to know all the options available and the consequences of each choice.

Certainly most home owners who wish to keep their home make the effort to talk with the lender and the collection department. Unfortunately, such arrangements may not take into account the complete borrower’s situation – income, expenses and the main reason for the delinquency. When the home owner cannot keep the arrangements, they are back where they started – only deeper in debt and with more legal or bank fees as well. Homeowners are scared of fourclosure, about losing their homes and agree to plans and terms that really are not in their best interest.

Selling before freclosure sounds good – but in today’s market, a quick sale may mean selling a property for significantly less than market value and only enough to pay off the existing mortgage. All equity is gone and not much left for starting over. Refinancing or additional lines of credit is certainly a choice but choosing the correct loan option along with the attendant closing costs does not necessarily make this the solution for home owners either. Certainly home owners consider bankruptcy too – and that is definitely a last resort since often times a bankruptcy only prolongs the inevitable forclosrue process.”

Mrs. Lesniewicz continued: “We’ve also heard the same horror stories as others regarding companies that take money before the services are rendered. USLM puts all monies in an escrow account so that the lender This, we felt, was truly in the best interests of the home owner desperately wanting to save their home, their equity and their creidit.”

USLM has been in the business of assisting home owners facing foreclosure by negotiating with the lender, providing access to mortgage assistance programs and mortgage counseling for the past 19 years. With thousands of satisfied clients nationwide, USLM has a proven track record with helping home owners successfully keep their home who qualify for their assistance programs.

They provide a toll-free number, 1-800-680-6476, to obtain free review of any home owner’s situation.

Home owners facing foreclosure need to know all the options they have available. Provides educational seminars, free mortgage review and negotiation services to home owners facing the prospect of losing their home to foreclsoure.

For more information: http://SavingHomesUSA.com
“We are very excited to be associated with an organization that allows the home owner to keep their home and get their finances back on track,” said Lesniewicz. “ Mrs. Lesniewicz is available for speaking to groups and organizations that are interested in assisting their members regarding foreclosure. She has also written a series of short articles regarding the strategies and pitfalls to homeowners in foreclosure.

foreclosre, foreclosue, freclosure, foeclosure, forclosure, forelosure, forecosure, foreclsure, forecloure, foreclosur, froclosure, forclosrue

See also:
• How to Avoid Credit Card Late Fees