Working with a professional such as Guaranteed loan help who understands how to get you the best possible workout is always your best choice. We can assess your financial situation and help you determine your best strategy. Some lenders are extremely hard to deal with.

GUARANTEED LOAN HELP.COM knows how to handle lenders. Following are some Foreclosure Resolution Strategies: Total Reinstatement Repayment Plan Forbearance Plan Loan Modification Partial Claim Program Refinance Shortsale/Preforeclosure Sale Bankruptcy

Total Reinstatement

This process involves totally bringing your loan current in one payment. You will be required to provide a certified check in an amount, which will include all past due payments, late charges and any fees and costs, which have been assessed to your account.

Repayment Plan

This process involves making up the amount past due over a period of months by paying a full payment plus a partial payment on the past due balance each month. You will be required to give your lender a cast contribution equivalent to 40-50% of your total arrears (total of late payments, bank fees and attorneys fees). Coming up with such a lump sum is quite difficult for homeowners who just faced a hardship. That is when working with Foreclosure Solutions USA can be very beneficial. We are able to give you some time to come up with some money to offer your lender. The keys to getting into one of these plans are: Your hardship A financial statement that qualifies (Foreclosure Solutions USA can assist you with this statement to help you fill it out properly.)

Forbearance Plan This process involves the reduction or suspension of payments for a period of time followed by a period of time during which the deferred payments are made up, similar to the repayment plan.

Loan Modification

This process involves the change of the original terms of the mortgage through one or a combination of the following methods: Delinquent interest amount to the current unpaid balance, and/or An extension of the term of the mortgage.

A loan modification requires the prior approval of the loan company or investor. A modification fee will be charged. A cash contribution toward compliance with any additional requirements of the lender and/or investor.

Partial Claim Program

Certain loans qualify for this program, in which the homeowner is required to give a cash contribution equivalent to 40-50% of total arrears, and the remainder of arrears is loaned to the homeowner interest free. The homeowner will have the remaining term of the mortgage to pay off this loan in full.

Refinance This is another one of the more heavily marketed solutions. The main barrier that most people run into with refinancing is not having enough equity to obtain a "sub prime" or "bruised credit" loan. This is the type of loan that you will most likely need to refinance into due to your foreclosure situation.

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