The Real World of the Foreclosure Today many homeowners find themselves in the situation of being stretched out over 9, 12, 15, 18+ months trying to stop their foreclosure process with their lender. They have recovered from their financial hardship many months ago and can make their regular mortgage payments going forward. But their homes are still in foreclosure!  Is this you too? Well you are not alone!   This situation is very common with our homeowner clients that come to us for help theses days.  How many months ago did your call your lender to get your mortgage out of the foreclosure process? Did your lender welcome you with open arms to do a modification….and you are still waiting....with the sale date clock ticking!?  Most concerning for many homeowners is they now have state controlled foreclosure sale date assigned and their homes are in jeopardy when for months they felt they were in some kind of lender “safe harbor”.  That is not so today!  Let’s review the Real World of Foreclosure.   The Black Hole Many homeowners try to take on the daunting task of negotiating their own terms with their lender. Their lender just says fill out the simple reinstatement and modifications forms and we will take care of you. However, the process is lengthy and can be quite complex for many homeowners and virtually leave you running in circles. Unfortunately many homeowners who attempt to manage their own reinstatement end up losing their home in a foreclosure sale because they are unable to get the lender the precise information or documents they require approved in time. Submissions seem to enter a “black hole” and have to be resubmitted again…maybe several times.  Your lender can grind along week after week and month after month.  They have no urgency.  Yet once you are in the foreclosure process your home is under strict timeline sales dates set by your state.  Your lender keeps asking for resubmissions because original documents become out of date and you run out of the time for your foreclosure sale as designated by your state!

The MBS Today there are very few “private” investors.  Since around 2005-6 lenders have been bundling homeowner mortgages in a new investment business called “securitization”, or popularly known as MBS “mortgage based securities”.  They sell them off to mutual funds, hedge funds, private investor groups, foreign countries, etc.  Everyone gets a slice of your mortgage and does not get hurt financial when your house is foreclosed.   Lenders and their investors are protected from any financial losses if you lose your home in foreclosure because they cannot really lose in your individual foreclosure situation!  Worse case for them is they take your home away from you...and sell it to someone else.  Plus they have been collecting principal and interest from most of you for years so they don’t feel any pain…particularly your pain. And that was the good old days!    The Big Fish Evolution For the past several years the lenders have been doing the “fish game” where the big ones eat the smaller ones or ever other big ones.  For example Bank of America took over Countrywide; Wells Fargo> Wachovia; Chase> Washington Mutual; Citi Group> ABN Ambro…and so on. Five years ago we developed stop foreclosure programs with so 60 mortgage lender companies.  That’s boiled down to about 10-12 majors today.  Not only have these lenders dramatically expanded their mortgage household base, so to do their customer servicing needs expand exponentially.   This failure to process foreclosure reinstatements is not really the fault of the homeowner but the fault of a lender system that was designed to service maybe 2-3,000 homeowners a month…not tens of thousands! (Yes, 10s of 1,000s).  Bank of America has some insurmountable 50,000+ modification requests a month! Chase has up to 30,000, Wels Fargo 20,000+ and so on.) Think about that and how important you are in the total mix of homeowners that they turn and churn every month!  Do you still wonder why it takes so long for your approval.   Personal Help from Your Lender? With virtually every major lender Customer Service Departments the homeowner speaks to a different lender representative on every call they make. Make 10 calls and get 10 different reps. (There are exceptions, but the "multiple customer reps" is the most common situation in my everyday experience today with homeowners who report on The Real World). Service reps with the major lenders can have 300+ foreclosure cases a month to process. When you speak with a customer service rep there is virtually no personal instruction, direction, or correction procedure, or advice.  Miss a form or a line on a form and it may be weeks before they return your original submissions surfaces from the Black Hole as incomplete and require a do over.  This is not so good when you have maybe 3-4 weeks before your sale date!    The majority of homeowners that try to mitigate their own mortgage reinstatement and modification today underestimate how complicated the process of saving their home really is. Each individual lender has specific set procedures and everything has to be exact to specifications or the lender will deny a workout.  The MHA and HAMP programs have very strict guidelines and if the forms are not filled out exactly as requested the applications will be rejected or a re-start required.

What can a Homeowner do to overcome “The Real World” and end their foreclosure process and bring their mortgage current? Truth?  Get some help!  Get real professional help with proven experience of success and an outstanding reputation rating in providing  customer assistance stopping foreclosures.  For years we have adjusted our service procedures, sometimes month, to month to adjust our strategies to changes in the Foreclosure Real World  due to changing lender and investor attitudes and executions, government regulation and new homeowners programs, and changing market conditions like the Big Fish Evolution.       At Your Home Solutions our job is to get it done right the first time and save your home and get your life bck to normal. Next to your family members your house is your most important possession.  Don’t risk everything for a few dollars.  Get professional help that has been dealing successfully with mortgage lenders for years.  We guarantee a successful resolution for you or there is no fee!     We have five advantages we provide you:  1) We have significant successful experience removing homes from foreclosure.  Fortunately you will only go through this foreclosure recovery process one time in your lifetime.  We submit or finalize mortgage reinstatements and modifications virtually every single day…and have been doing so for 8+ years! We know virtually all the lenders, their working histories, tendencies, and procedures.  We protect your home like it is our home and we have earned an A+ Reliability Rating from the BBB for our successful homeowner service  helping homeowners end their foreclosure..    2)  Unlike homeowners we do not have to process your case through the “black hole” of Customer Service.  As a professional company we deal directly through lender senior mitigation group loss mitigation departments and are assigned to single Case Manager who we work with one-on-one reviewing and approving your case program.  There are no other “service reps” involved in the process so it stays streamlined, focused, and personal.   We “cut through” all the delay factors.  If you so desire we will put you in direct contact with your Case Manager with either a 3-way or 2- way phone call.   3) We produce all your required modification forms, documents, and schedules and calculate any government mortgage rate reductions before we submit your program. Any corrections, adjustments, re submits, etc. are done in real time and not days, weeks or months later…and once again, only through your Case Manager.  We make sure every form is correct and every issue covered.   We present your case circumstances to your advantage, and confirm your probability for success within 10 days.   4) If we run up against a sale date because you came to us late in the timeline, we are extremely well positioned to postpone your sale date in order to finish your program.   5) We qualify you before we accept you as a client on the standards required by your lender. As a result we have a virtually a 100% success rate because we do not accept a client unless we feel we will be totally successful…or we do not charge a fee!  Our service is personal.  We give you all the time needed to review your program options and solutions. Your Home Solution manager stays with your program from being to end and can be reached by phone or email any day you wish to have a direct contact.      Next step. To go forward just call us at 888 224 2724 to do your no obligation Qualification Interview or send in a Qualification Request form with a specific time when we can call you. Once we qualify you we guarantee a successful foreclosure recovery or we do not charge a fee.                                                                         HOME           QUALIFICATION FORM .     .