Are you facing foreclosure?
You are not alone
Questions? Contact afaitel@yahoo.com
Certain lending practices, combined with declining market values and unemployment have been a major contributor to many people finding themselves in your unfortunate situation. We understand that circumstances beyond your control have left you feeling scared, alone, desperate and helpless.
My name is Alan Faitel and I have been in the real estate business for over 22 years. My current passion is helping people who are facing foreclosure. I’m not going to offer you a “too good to be true” guarantee. I don’t guarantee I can save your home or stop your foreclosure. In fact, stopping foreclosure and saving your home with its current mortgage balance and its market value may not be in your best interest. For some people, the best choice is to cut your losses and walk away.
You may feel that this is an irresponsible decision and that you should satisfy your mortgage obligation, no matter what the cost. Here is another point of view. Real estate investing is risky and so is the mortgage business. When a lender offers 100% financing at a great interest rate, he risks the market doing exactly what is has done. Real estate values have declined, the value of his investment has fallen so he has a decision to make. He can accept a short sale, where he takes less than what you owe on your mortgage, as full satisfaction of the debt. He takes less of a loss now than if he continues with the foreclosure process, especially in our state, where the redemption period is 6 months.
This is the service we offer. We have investors who purchase homes by negotiating a short sale with the lenders. We get your lender to give you a written document of full satisfaction of your debt so that they do not come after you for the rest of the money owed. They do not file a deficiency judgment against you and a foreclosure does not show up on your credit report.
We make the foreclosure process as painless as possible for you and your credit report. We will help you find another home that you can rent, rent to own, lease option or purchase on a land contract. Meanwhile, we will refer you to someone who can help you restore your credit so you can refinance your new home with a fixed rate mortgage. You maintain your dignity and you own a home at the price of today’s fair market value.
This is a win-win –win situation for YOU, Your Lender and The Investor. We get paid for our services, by NOT BY YOU! We assume the risk of real estate investing while we help you get back on your feet and move on with your life.
Call Alan at 248-363-0100 to learn more about what we can do to help you