Loan Extension
Service
If you are a homeowner who
can either raise 50% of the amount you are currently delinquent on your
payments, or you can make a reasonable payment but do not have the 50% down, we
can most likely Stop Your Foreclosure.
Many banks are experiencing
overwhelming delinquencies, foreclosures and serious default problems on their
home loans. The volume of REOs (Real Estate Owned) on their books is increasing
at alarming rates. About 1 out of every 200 home owners is in foreclosure right
now and this number is expected to increase this year. The big problem for the
banks with the REO is that the Federal Reserve forces them to reserve up to
8 dollars for every dollar tied up as a REO. In practical terms this means for
every Million Dollars they have on their books in REOs, the bank cannot lend $8
Million Dollars. This problem is causing serious problems and major shortages of
available money for new loans. The
problem also has opened an exceptional opportunity to help homeowners stop
foreclosure. Property values have dropped as much as 50% in some areas of
the country so banks cannot easily sell their foreclosed homes and realtors
cannot find retail buyers, everyone is looking for a discount so banks will
often negotiate.
NHF negotiates with the bank to take
less than the amount owed, go to a fixed instead of adjustable rate and get your
loan brought current. NHF has been able to negotiate exceptional
deals for homeowners that have some cash available. The banks standard
response to a default homeowner is All or Nothing when it comes to past due
amounts. If we do not stop your foreclosure we do not earn a fee. There is NO Risk to let NHF help you today.
The longer you wait will make it harder to get the bank to
deal.
Immediate Benefits to
Homeowners:
Email us at:
For Faster Service Call
866- 673–7255
Ask For The Solutions Department ……