HOW WE CAN HELP?
HOW WE CAN HELP?
If you find yourself or your clients lost navigating the complexities of the Mortgage Industry, we have the M.A.P. to achieve the goals at hand!
FORECLOSURE PREVENTION
If you're struggling to pay your mortgage because of job loss, rising costs, divorce, disability, or moving for work, keeping up with payments can be difficult, especially now. Mortgage Assistance Professionals focuses on understanding your situation to find the best solution to prevent foreclosure. Whether you want to keep or sell your property, we can guide you. We help clients at every stage of the foreclosure process, including those who haven't missed a payment yet or those facing an upcoming foreclosure auction. We empower you to explore options that protect your equity and relieve financial stress.
SHORT SALES
At M.A.P, we can help with the stress of a mortgage loan that has turned into a poor investment. Negative equity isn't something you can simply ignore. However, options like short sales allow you to sell your property, avoid foreclosure, and achieve full debt forgiveness with your lenders. In a short sale, your mortgage lender allows you to sell the property for less than you owe and accepts part of the sale proceeds in return for releasing the mortgage and waiving any remaining debts. M.A.P. understands your challenges and can present your situation in a way that your lender will comprehend and respond to. Our team will work together to help you achieve the best outcome for your needs. Is a Short Sale Right for You?
LOAN MODIFICATION & FORbEARANCE
Most federal real estate loans, like those from VA, FHA, Fannie Mae, Freddie Mac, and private investors, can qualify for forbearance or loan modification based on each lender's income criteria. A loan forbearance agreement allows a borrower who is having trouble making payments to reduce or stop payments for a time, during which the lender won’t foreclose on the property. Forbearance is temporary and may lead to a loan modification. At M.A.P, we understand loan modification and can assist you in changing your loan terms. This could mean lowering your interest rate, extending your repayment period, switching to a different loan type, or a mix of these options. M.A.P. can effectively guide you through these steps if you want to keep your property.
TITLE CURATIVE SERVICES
Title Curative refers to the steps taken to fix a faulty title. A defective title can delay or halt a project, affecting home purchases or construction. Mortgage Assistance Professionals can help navigate this complex process and get your transaction moving again. With over ten years of experience solving title issues, we have developed solid relationships to clear titles quickly.
REVERSE MORTGAGE
As Baby Boomers and older Americans age, many will need to sell their homes as they move in with family, into care facilities, or pass away. Many of these older homeowners have taken out Reverse Mortgages to cope with high living costs. While these loans can help, they often take away most, if not all, equity from a home, reducing generational wealth. This can surprise homeowners and their families. Reverse Mortgages can go into default if the homeowner leaves the property or falls behind on taxes or insurance, risking foreclosure.
In such cases, we can help homeowners and their families by slowing or stopping foreclosure, allowing them to repurchase the home or sell it to another buyer. It's important to note that 90% of Reverse Mortgages end up as short sales due to their nature. However, there is hope! With a housing shortage, these properties can become available to new buyers. Pursuing a Reverse Mortgage Short Sale can give homeowners and their families more control in challenging situations.