It is the mission of Mortgage Resolution Services to provide information and options for homeowners experiencing difficulties with their mortgage.
Whether you want to fight to keep your home, or reach a settlement with your lender on your mortgage, Mortgage Resolution Services is committed to providing you the help and information you need. Once you understand your options, you are in a better position to make the right choice for you and your family.
Please view the following pages for frequently asked questions about Short Sales
Among the options that may be appropriate for you:
- A Forbearance Agreement with your mortgage company that contains terms under which you are able to keep your home by remaining current on your mortgage and repaying the delinquent amount over time.
- A Loan Modification that adjusts the terms of your loan to make the payments more manageable for you.
- Click Here for more information on a Loan Modification
- A Short Sale in which your lender approves a discounted payoff of all existing mortgages. In simpler terms, the lenders accept the proceeds generated by a market sale of the property as the payoff amount on the outstanding loans. Short Sales are frequently approved and escrows closed with no out-of-pocket costs paid by the seller.