New Port Richey, FL 34654
Local: (727) 645-7584
Its important you understand all your options. We are only interested in providing you with a solution that benefits you and your family.
Q. What is loss mitigation?
A. Loss mitigation consists of a variety of procedures set up by the government and lenders to assist homeowners threatened by foreclosure. The goal of loss mitigation is to help the homeowner to stay in their home and help protect their credit history.
A. Authority Funding will perform a detailed analysis of your finances and review your lender's loss mitigation policies, as well as your state's foreclosure laws. Working together with your lender, we can provide you with the best solution possible to your mortgage difficulties.
Q. What if I can no longer afford my home? Can you still help me?
A. If you are certain that you cannot afford your home any longer and wish to sell, relinquishing any equity you may already have in your home, we can help you to secure a "Short Sale" payoff (contingent on approval by your lender) or a Deed-In Lieu of Foreclosure agreement (again, contingent on approval by your lender). These agreements can be arranged at no cost to you.
Q: What is a short sale?
A. A short sale is a negotiated settlement. This is when the lender or other lien-holders agree to accept less than the amount owed as a payoff on a debt.
Q. Deficiency Judgment - Will I be responsible for any remaining balance if I Short Sale?
A. The first issue we address when negotiating a Short Sale is the Deficiency Judgment. Most of the time due to new legislation the lenders will sign off because they are not suppose to hold a borrower responsible if they are loosing their primary residence.
Q. What if I have my home listed with a Realtor who's working on my Short Sale.
A. We work closely with Realtors all the time. Its important that we manage the Short Sale process so your home is priced properly for todays market and is sold in a timely manner to Avoid Foreclosure.
We take care of all the paper work and commissions. Never will you pay any fees
Q. Can I negotiate with my lender myself?
A. Contact us so we answer any questions you have, provide you with a list of documents you will need plus some tips & tricks to negotiate yourself FREE!! Want us to negotiate for you? We provide the professional representation that you need to achieve the best workout agreement possible with your lender.
Q. I just received a notice of foreclosure. How long do I have to make my decision on what to do?
A. The sooner you act, the better. Your lender will be much more confident in your willingness to make payments on your mortgage if you deal with the situation immediately, rather than waiting until your back is against the wall. The home foreclosure process can take anywhere from a few weeks to many months, depending on your state law and the method of foreclosure your lender chooses to use, but it is imperative that you take action as quickly as possible. About 9 months in FL.
Q. Can you help me improve my credit score?
A. Of course saving the home is the best option. If you need to Short Sale, we will request the lender to document on your credit report as debt satisfied. Any client that needs to sell their home through a Short Sale will be enrolled in a Credit Restoration Program. Short Sales typically can be removed from your credit report in a timely manner so you can regain your credit. Foreclosure up to 7yrs !
Q. How long is this going to take?
A. Working with your lender to reach a suitable arrangement can take anywhere from a few days to several months. It all depends on your current financial position and whether or not foreclosure proceedings have already been started. Typically, it can take several weeks to complete a workout agreement and stop foreclosure proceedings.
A. There is always hope, although of course, the sooner you act the better. It has been possible in the past to even stop a house going on the sale block the day before it's scheduled, but that is a rare occurrence. Your best option is to take action immediately to stop foreclosure.
Q. I'm currently in bankruptcy. Can you still help?
A. It is possible to help you; it all depends on your unique situation. We cannot; however, negotiate a workout agreement with your lender until your mortgage has been discharged or dismissed from the bankruptcy proceedings. Don't wait. Lets get you paper work together now so you are ready.
A. Most of our clients have experienced this kind of inflexibility from their lenders before calling us. We get your bank to listen to your needs. Our integrity and professionalism have earned us a reputation that allows us to be heard when no one else can get through the red tape. We will use our experience and connections to your advantage
A. NO! This is usually not a good idea. According to the American Bar Association, 96% of homeowners who declare bankruptcy end up losing their home to foreclosure. Bankruptcy is very unlikely to help you save your home. There are certain times when bankruptcy is appropriate. We recommend you consult a reputable attorney in this regard.
A. No. We work with any type of mortgage loan, from FHA, VA, Freddie Mac, Fannie Mae or conventional loans.
Its our goal to negotiate a suitable work out that benefits you and your family. We are here to help you any way we can. No matter what your situation is we can assist you. We treat our clients with respect and with integrity.
If you have any further questions, please contact our office right away.
Thank You.
Authority Funding LLC