You CAN Save Your Home From Foreclosure!

Dear Homeowner:

Each month, hundreds of properties in Maricopa County go to foreclosure sale and are sold to investors for a fraction of what they are worth, literally cents on the dollar.

Why?

Who knows! For whatever reason, the owners didn’t do anything to prevent the foreclosure from happening. We tried to help them, but they never responded. We were ready to help them refinance and STOP the foreclosure or give them cash for their home, but they never even called us back. Somebody got a deal on the courthouse steps.

Today, it’s too late for them, but it’s not too late for you – if you act quickly!

If you’d like to save your home – please read on and contact us today – before it’s too late for you, too! Contact us anytime! Time is of the essence!

Or, if an offer to purchase your home quickly and for cash solves a problem or two, contact us and let’s see if we can work something out.

Sincerely, Sean Taylor

P.S. You are under no obligation – we’ll give you the details about refinancing or make our best offer to purchase your home, and you decide whether or not it “works” for you. Maybe you want us to negotiate a short sale with your bank. Whatever we do we guarantee that your house will sell. Fair enough?

SPECIAL REPORT

“Secrets Of How To Avoid Foreclosure”

There are more than 1500 foreclosures in Maricopa County each month. Many lose their homes needlessly – it does NOT have to happen to you! You CAN Avoid Foreclosure! There are alternatives that can quickly eliminate your stress and frustration. You can save your home and the equity you have spent so many years accumulating.

The purpose of the Special Report is to provide you with answers to the most frequently asked questions about refinancing, explaining why bankruptcy is NOT the best solution, and offering other insights into the foreclosure laws.

Taylored Properties realizes that bad things can sometimes happen to good people. Oftentimes, it’s just a temporary setback and all you need is a second chance. Your current mortgage company doesn’t give “second chances,” but WE DO! One of the quickest and easiest ways to “start over again” is by refinancing. Following are the most common questions and honest answers about refinancing, bankruptcy and other options.

What is refinancing?

Refinancing simply means that your current loan will be paid off by a new mortgage company. The new company will restructure your loan and you will then begin making payments to the new company.

I am currently in foreclosure! Can I refinance?

Yes, if you act quickly! You must have adequate equity in your home to refinance. Your loan officer can quickly determine if your property qualifies.

I have BAD credit – can I refinance?

We realize that bad things sometime happen to good people. Often this is just a temporary setback. Taylored Properties and its loan officers are committed to helping you start over again and helping you save your home and your equity even if you have bad credit.

I have no money for closing costs. Can I still refinance?

Yes, you can still refinance. Whenever possible, we do request that the borrower at least pay their appraisal fee, which is $350. If this is not possible, it can also be added to the loan. Remember, when you first bought your home, there were a variety of costs involved that you had to pay at closing. When you refinance, there are also costs involved in restructuring a new loan. It will make your balance larger, but will allow you to save your home without any out-of-pocket expense.

Can I refinance even though my house need repairs?

After we receive your documentation and application to refinance, we will make an appointment for an appraiser to come to your home and evaluate its value and condition. The appraiser may make a recommendation to the new mortgage company that certain repairs are necessary to insure the value of the property. If this should happen, we will help you to get bids to get the work done. Normally the work will need to be completed prior to closing on your new loan. However, the cost of repairs can also be added to your new loan providing the value of the property will support the new loan amount plus repairs.

What if I have liens against the property? (IRS, tax, second mortgage, vendors, etc.)

The liens must be paid off. However, they can also be added into your new loan providing the value of the property will support the new loan amount plus the lien amount.

What will my new interest rate and payment be?

There are many factors that determine interest rates and payments. Of course, the size of the loan will have a lot to do with the size of your payment. Your interest rate will be determined by the lender based on your credit history. It may even be possible to reduce your monthly payment by extending the term (or length) of your new loan.

I cannot afford higher payments. How can you help?

We can give you more time to pay off your mortgage. This may actually reduce your monthly payment and reduce the stress you experienced with your previous mortgage. It is important to let your loan officer know what your payment limits are so we can adjust your new mortgage to suit your needs.

When will the first payment be due?

Typically, your first payment will be due 30 days after closing on your new loan.

Can I change the day of the month I make my payment?

The payment date is determined by the new mortgage company. If you have had difficulties making your payments on the first, you need to let us know so we can find the best loan program to suit your needs.

Is there a prepayment penalty?

Every lender has different rules about prepayment penalties. If you feel that you may be paying your loan off early and do not want to pay a prepayment penalty, you should tell your loan officer so we can find the best loan program to suit your needs.

How long does it take to refinance?

If you provide all the documentation requested by your loan officer in a timely manner, it will typically take about two weeks.

The foreclosure sale is next week! How can that help me?

Once your loan application and requested documentation are received, we will usually be able to make a commitment to refinance within 24-48 hours, sometimes faster. We will then contact your current mortgage company and/or the trustee attorney in charge of the foreclosure and request a delay in your foreclosure. Normally, they will stop the foreclosure for 30 days, which will allow us time to complete the refinance.

Could the mortgage company NOT stop the foreclosure?

Yes, unfortunately this does happen sometimes – although rarely. The best way to avoid this is to communicate with your mortgage company and the trustee attorney, early and often. Let them know you plan to refinance. Give them your loan officer’s name and phone number in case they have questions. When they don’t hear from you, they automatically assume you are not planning to do anything to save your home. The longer you wait, the harder it will be to stop the foreclosure.

Can’t I just file bankruptcy to stop the foreclosure?

Yes, filing bankruptcy will stop the foreclosure process – but only temporarily. Bankruptcy is NOT a cure to your problems – it will only add to them. By filing bankruptcy, you will get even further behind in your payments. Eventually, you will get to the point of no return – where it will be impossible to save your home. A bankruptcy will be a blemish on your credit report for 7-10 years.

Only Through Refinancing Can You:

Save Your Home

Save Your Equity

Save Your Credit

Consider Your Alternatives

You could do nothing and lose your home AND all the equity you have in your home. After the foreclosure sale you may be forced to vacate the property in as little as 5 days. Where would you go?

If you have decided you don’t want to refinance and are ready to move, but just need more time, please talk to a loan officer. We will make a fair offer to buy your home – for CASH and allow you time to find a new home without the pressure to move quickly. Cash will allow you freedom to make choices and puts YOU in control of your future!

The Bottom Line

The longer you wait to make a decision, the harder it will be to stop the foreclosure. Your loan officer and everyone at Taylored Properties are dedicated to helping you save your home and save your equity. We feel that refinancing is the best alternative; but only you can make the decision to contact us for an appointment. You must act quickly! If you do nothing, you will lose your home!

Contact us to make an appointment and discuss your options!