Having to deal with selling your property can be very burdensome. You will find this task very tedious and aggravating. At the end of a long and hard day’s work of accompanying your kids to school, of presentations and paperwork in the office, and skipped meals because of some appointment, when all you want is to sleep it all off, you come home to a bunch of harassing mails and calls from your real estate agent and loan companies. Sometimes it doesn’t even seem right that you should be giving up the fun in your life by going through this hard ordeal of putting up your house for sale. Selling one’s properties need not always be this burdensome and dangerous. By dangerous we mean the danger of facing foreclosures. As busy as you already are with the kids and your work, you almost have little to no time to check up on your mortgage payments. Then voila! It has all accumulated in debts and suddenly you receive a notice of foreclosure.

A foreclosure happens when you are unable to pay mortgage payments on time. You generally have a month or two to pay the balance. Otherwise, the bank or lender would assess your credit history and determine whether it is safe for them to trust that you could still pay the remaining balance. However, no matter how good your credit history may look, unforeseen circumstances can play a very big factor in determining your paying power. Unhealthy family relations which may result in divorce and custody settlements can be financially disturbing and could take up much of your time. The ill health or death of a loved one could also be another shocker and may take up much of the savings you have intended to pay for your debts. Thus, in these cases, the lender or the bank could have little to no choice but to file for a foreclosure. This means that you could lose your house and not earn a single cent from selling it. Your house will be repossessed as a result of your inability to pay the mortgage fees and it will be resold in the open market.

Of course there are ways in which you could avoid foreclosures. One way to prevent foreclosure is of course to make sure that you are able to pay all outstanding balances. Another is to make sure that you are aware of and are able to comprehend vital foreclosure information that will be helpful in stopping foreclosures. Fortunately for the people having trouble with foreclosures, there is a company that is willing to help. This company is called Cashout Options. The company is involved in the purchase of property, even dilapidated ones, in any area within the country. They are generally looking for single family homes or multi-family homes but as an investment company, is willing to take on other types of properties such as apartments, condominium units, buildings, and land.

The company has provided a lot of people with an array of foreclosure solutions that suited them best. They offer a lot of ways in which you could pay off those monthly mortgage payments. By selling your property to them directly, you do not have to worry with these monthly payments at all. They are willing to pay off the remaining and answer any rehabilitation or maintenance costs in the future. Hence, you no longer have to face the danger of foreclosure. If you know what a mortgage short sale is, then you will understand how this company can help you because they are well-versed with the short sale process and they have experts who extend short sale services. By filling out an online request form, or by talking with one of their affiliates, you could be on your way to a speedy sale of your property less the headaches caused by having to immerse yourself in real estate matters. You don’t have to be wearisome of foreclosures at all because Cashout Options will only provide you with the best foreclosure solutions and will guide you in any way possible throughout the short sale process.

DATELINE:  BRAINTREE, MA…

Christopher Downey, President of Harbor Mortgage Solutions in Braintree, MA has announced their firm’s association with Liberty Reverse Mortgage, the fastest growing and third-largest originator of Reverse Mortgages in the nation.

Downey noted, “Harbor Mortgage Solutions’ relationship with Liberty Reverse Mortgage will help expand our services to senior homeowners, adding a more diversified portfolio of products from which to choose. This affiliation reaffirms our commitment to provide customized solutions for senior homeowners by broadening and deepening our ability to meet their needs.”

Harbor Mortgage will act as a broker for Liberty Reverse Mortgage, adding their products to Harbor Mortgage’s existing product line. “We chose to represent Liberty Reverse Mortgage because of a similarity in our approaches to our reverse mortgage clients, which takes into consideration what is best for each senior homeowner on an individual basis,” continued Downey. “Liberty Reverse Mortgage is a leader in the industry and has helped to institute best practice guidelines, which help all of us in the reverse mortgage industry better serve our clients.”

The Reverse of Traditional Thinking

A reverse mortgage, essentially the opposite of a traditional or “forward” mortgage, can enable seniors to tap into accumulated equity without having to face ongoing payments. Unlike traditional mortgages where borrowers make monthly payments, in a reverse mortgage the cash flow is reversed, and the lender makes payments to the borrower.  This enables borrowers to use the tax free cash they receive in any way that they wish with no monthly payments due to the lender.

There are no minimum income, asset, or credit qualifications to meet and no effect on Social Security or Medicare benefits. The property must be the primary residence of the borrower and adequately insured and maintained, with real estate taxes kept current. As long as the borrower continues to live in the property the loan can never be called. Repayment is required if the home is sold, or when the last borrower permanently leaves the property, or passes away. At that time, the heirs can sell, or refinance, the property to pay off the loan.

Once the province of a few small banks and private lenders, the great majority of reverse mortgages today are provided through government-sponsored programs, namely the HUD/FHA Home Equity Conversion Mortgage (HECM) and the Fannie Mae Home Keeper (HK) programs.

Harbor Mortgage Solutions, Inc.

Specializing in conventional residential and reverse mortgages, Harbor Mortgage Solutions, Inc. is located at 100 Grandview Road, Suite 105 in Braintree, MA 02184. George A. Downey, a past chairman of the Massachusetts Mortgage Association, founded family owned and operated Harbor Mortgage Solutions in 1978. His son Christopher Downey currently serves as President of Harbor Mortgage.

Assisted by a staff of experienced mortgage professionals, Harbor Mortgage Solutions is dedicated to providing customized service, obtaining the best possible solution for each individual client every time. An equal opportunity lender licensed in Massachusetts (license #MC0041) and Rhode Island (license #20041821LB), Harbor Mortgage Solutions is a member of the Massachusetts Mortgage Association, the National Association of Mortgage Brokers, and the National Reverse Mortgage Lenders Association, strictly subscribing to their rigid code of ethics. Harbor Mortgage Solutions is also an Educational Subscriber of the Massachusetts Chapter of the National Association of Elder Law Attorneys.

For additional information on services offered by Harbor Mortgage Solutions please call 781-843-5553 or 800-599-8700, or visit www.HarborMortgage.com.

Even the most responsible are sometimes caught up in situations beyond their control, and faced with consequences which can, almost overnight, lay waste to years of careful planning.. Millions of American homeowners who took on the responsibilities of a mortgage in the past few years now find themselves teetering on the brink of foreclosure, trapped in a collapsing housing market which will not let them get out of homes they can no longer afford.

But there are mortgage foreclosure solutions available, and you too may be able to stop foreclosure if you research the kinds of foreclosure help now available. If you can’t save your home, you can, at the very least, save your credit rating by keeping it free of a foreclosure record.

When it comes to mortgage foreclosure solutions, speed is of the essence, and as soon as you find yourself wondering where the next monthly house payment will come from, it’s time to act. Don’t feel intimidated when the foreclosure notice arrives; ignoring your plight will accomplish nothing. Contact a mortgage foreclosure prevention specialist as soon a possible, because it is the best way to stop the foreclosure machine from mowing you and your loved ones down where you stand.

You can find many specialists in mortgage foreclosure prevention with an online search, so look for local attorneys familiar with foreclosure laws. Take the time, however, to get some background on any consultants you are considering, because the current foreclosure crisis has given rise to an entire culture of foreclosure scam artists who have nothing good in mind for those in your position. They will happily relieve you not only of your home, but also of the money you put up for their services, and you will still be faced with foreclosure.

You can also begin your quest for mortgage foreclosure solutions with an area debt counseling agency, which may be able to solve your problems by negotiating a modified payment schedule with your lender. A debt counselor can also offer advice on refinancing your mortgage at a lower interest rate, or even selling your home while it is still in preforeclosure.

You may be surprised to learn that your bank is not eager to foreclose on your home, and your best chance to avoid foreclosure may actually lie in sitting down with your banker to determine your options to avoid foreclosure. No bank in the world is thrilled with the idea of having to insure and maintain an empty home, so keeping you in it even if you are only making interest payments for the time being may, from the bank’s point of view, be an attractive alternative to foreclosure.

And above all, learn about your rights concerning foreclosure. Become familiar with terms like recasting, home equity loan term modification, and special forbearance, and if none of the professionals with whom you are dealing mention them, don’t hesitate to bring them up yourself. Your home and your financial future are in no one’s hands but your own!

What can I do to stop foreclosure? Are there foreclosure assistance solutions available to help me? These are top questions that many Americans are finding themselves asking today. With so many foreclosures occurring, it leaves families in precarious positions, looking for foreclosure assistance solutions in lieu of foreclosure. Thankfully, there are some great solutions available.

John and Mary were an average couple. Both had jobs, a nice home, two cars, and were doing pretty well. However, John’s company was getting squeezed by the economy, so they laid him off, and at the same time the interest rates on their adjustable rate mortgage jumped, making their payment more than ever before in a time when they had less income than every before. Soon they were missing payments and facing foreclosure, frantically looking for foreclosure assistance solutions to help.

When you’re looking for foreclosure assistance solutions, there are several things to keep in mind. You want to make sure you choose the right solution for your needs, so here are several things to look for when searching for a foreclosure solution.

- Look for an Option That Will Help You Save Your Home – When you are weighing the various solutions available to you today, look for an option that will help you save your home if possible. This is not always possible, but the best choice.

- Make Sure You’re Not Getting Involved in a Scam – There are many scams out there, and when you’re trying to find the right foreclosure assistance solutions, keep your eyes open for scams.

- Don’t Pay for Help – There are many solutions out there and you shouldn’t have to pay for them. So, if they are asking for payment, this is not the right solution for you.

Solution #1 – Talk to Your Lender – Probably one of the best foreclosure assistance solutions to employ if you are facing foreclosure is to start out by talking to your lender. You need to let them know what the problem is. They don’t want to foreclose and can often offer you other great solutions to help.

Solution #2 – Loan Refinancing – Loan refinancing is another of the many foreclosure assistance solutions that is a great option for you. When you have an adjustable rate mortgage, this is definitely a top solution, since you can often save quite a bit in interest. This is a top way to avoid foreclosure but is not always an option.

Solution #3 – Forbearance – Forbearance on your loan can help you reduce your mortgage payments or even delay them for a time period without legal action. If you have dealt with a job loss or extreme financial problems, this is one of the top foreclosure assistance solutions to check into.

Solution #4 – Pre-Foreclosure Sales – If you are not interested in keeping your home and you’d rather make sure that you save your credit and avoid a foreclosure, pre-foreclosure sales can provide you with an excellent option.

Solution #5 – Repayment Plan – Some companies will offer special repayment plans that are great foreclosure assistance solutions. This is a very common method used and includes your lender allowing you to repay the past due amounts by adding part of it to your monthly payment each month so you can get caught up.

Solution #6 – Short Sale – A short sale is not one of the top foreclosure assistance solutions, and it means you’ll be giving up your home, but it is a good option as a last resort. It allows you to sell your home for less than the mortgage amount, but you’ll have to get your lender to agree to it.

Solution #7 – Deed in Lieu – Last of all, deed in lieu is another one of the many foreclosure assistance solutions available, but there are some big disadvantages. While it does help you to avoid foreclosure, it can still damage your credit.

These are just a few of the top foreclosure assistance solutions options that you have today. It’s important that you understand your options and how they work so you can make sure that you don’t get caught off guard by foreclosure. There is help for you if you are dealing with a possible foreclosure, so take the time to find out more about these solutions that are available to you.