Behind in your mortgage or facing foreclosure?
Received a Notice of Default or Trustee Sale?
Loan modification DENIED?

Notice of Default/Trustee Sale|Short Sale|Forbearance|Bankruptcy

Dread those long, frustrating phone calls to the bank?
Still waiting for a response from your lender?

Save time and reduce your stress - let our experts do the dirty work for you!
MRS manages the difficult and time-consuming tasks that most homeowners would rather ignore or avoid AND we also provide you with updates on your case every 10 days or sooner! Call today and speak with a qualified professional!

As the Nation’s housing crisis continues, thousands of homeowners still struggle with unmanageable mortgage debt and those who can no longer afford to make monthly payments are now facing foreclosure.

When a borrower fails to meet the obligations of a loan agreement, the lender will issue a Notice of Default and file a delinquency notice with the county recorder to officially begin the foreclosure process. A Notice of Default is a document addressed to the homeowner that outlines the amount owed, when it is due, and what will happen if the debt remains unpaid. At this stage, a homeowner must bring the loan current by making all missed payments, in addition to late fees and any other charges accrued, or the house will soon be listed in a Trustee's Sale and sold at auction to the highest bidder.

Most borrowers, however, are already experiencing financial difficulty and cannot afford to pay the entire past due balance, but it is STILL POSSIBLE to AVOID foreclosure and MRS can HELP. Even if you cannot afford to repay the amount you are delinquent, MRS can counsel you on additional options available to you.

Sell Your Home

To save your home and prevent foreclosure, a short sale may be one of the final choices available to you in the loan workout process. If you’ve exhausted all other options and have come to this conclusion, Mortgage Resolution Specialists will help you short-sell your home.

With our experience in short sales and lender negotiations, MRS will accurately assemble and promptly submit your case file, proving your long-term hardship and inability to pay. MRS work with your lender to have the best offer accepted – at less than what you owe on the mortgage. You should be aware, however, that with a short sale, the acceptance and release of liens on your property (1st, 2nd & 3rd) must be negotiated individually with your lender.

By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and you can pay off the loan for less than you owe. Without this approval, you would not be able to sell your home. This program significantly lessens the impact to your credit versus foreclosure and if this is your primary (owner-occupied) residence, the forgiven debt (or deficiency) of your first mortgage is, in most cases, tax-free (but please consult with an attorney to determine your individual legal or tax implications).

While you will ultimately be moving from your home, the good news is that you can continue to live there while we work on getting the short sale approved, and you will have advance notice of when you need to vacate the property – providing you and your family with a dignified exit versus the possibility of a sheriff’s escort.

By living in your home mortgage-free for several months, our hope is that you will be able to save money, feel immediate relief from financial stress, and that you and your family can move on with your lives and start anew.

Ask your MRS specialist for more information about our affiliate real estate investors and investment groups to which we can also market your property. These investor transactions are often completed in a matter of days or weeks.

Keep Your Home

Even the most responsible loan borrowers may occasionally struggle with mortgage payments due to unexpected circumstances. If a Notice of Default has been filed, a forbearance agreement is an arrangement made between you and your lender to postpone monthly payment for a limited and specified time period and, once approved, will stop the current foreclosure action.

In forbearance, you may temporarily delay or reduce payments for a short period of time, after which another program, such as loan modification or repayment, must be agreed upon to bring your loan current. A forbearance option is often combined with a Reinstatement when you know you will have enough money to bring the account current at a specific time in the future. The money might come from a hiring bonus, investment, insurance settlement, or a tax refund.

In order for your lender to accept this arrangement, you must first prove your temporary hardship and inability to pay. MRS will work with you to collect the information necessary to confirm your financial need and help you present your case to your lender.

Do you feel overwhelmed by unmanageable debt? Are you longing for financial freedom? Mortgage Resolution Specialists is here to help you find relief. If an unexpected job loss, medical crisis, divorce or death has left you struggling to pay the bills, you're not alone - over 1 million Americans filed for bankruptcy last year in order to eliminate their debts, end creditor harassment, and receive a fresh financial start.

If you are considering bankruptcy or facing foreclosure, call MRS right away - we may still be able to help you save your home. Filing Chapter 7 or Chapter 13 personal bankruptcy may be the first step to getting back on solid ground, by offering you a chance to restore your credit rating and gain financial stability at last.

Bankruptcy may not be right for everyone - Mortgage Resolution Specialists highly recommends that you consult an experienced legal professional from our network of qualified attorneys to discuss your available options.

Mortgage Resolution Specialists does not perform loan modifications or practice law.
Mortgage Resolution Specialists is a company that provides preliminary case set up and review to help prepare homeowners for their meeting with an attorney in regards to addressing their mortgage related issues.