How To Stop The Foreclosure Process

Contact Your Lender - If you’ve exhausted all sources of income to pay your monthly mortgage, then, then it's time to ask your lender for help in hopes to reach an agreement and stop foreclosure proceedings.
Call your FREE & LOCAL HUD Office - They will assist you in pre-paring and submitting your package to your lender/servicer and monitor the process all the way through. All the while educating you and keeping you informed.
HUD Counseling Office - Asian Inc.
800 N. 1st. Street, 2nd Fl,
San Jose, CA. 95112
c/o Nancy Rueda,
Ph: (408) 889-8451, Extension #2
· In depth financial counseling and budgeting
· Debt management and repayment programs
· Information about community resources and credit management tools
· Action plan for resolution
· Foreclosure prevention options (loan modifications, Forbearance plan, deed-in-lieu, reinstatement plan)
When calling tell them Homes & Beyond Realty, Inc. referred you so that the process may be expedited.
Review Options - Lenders are not obligated to make modifications to your loan, but many will review a mutually beneficial option and you must qualify.
Forbearance - A temporarily agreement to pay less than the full mortgage payment
Modification - Written agreement that changes the original terms of your loan.
Home Affordable Modification Program (HAMP): HAMP lowers your monthly mortgage payment to 31 percent of your verified monthly gross (pre-tax) income to make your payments more affordable. The typical HAMP modification results in a 40 percent drop in a monthly mortgage payment. Eighteen percent of HAMP homeowners reduce their payments by $1,000 or more.
Principal Reduction Alternative (PRA): PRA was designed to help homeowners whose homes are worth significantly less than they owe by encouraging servicers and investors to reduce the amount you owe on your home.
Second Lien Modification Program (2MP): If your first mortgage was permanently modified under HAMP SM and you have a second mortgage on the same property, you may be eligible for a modification or principal reduction on your second mortgage under 2MP. Likewise, If you have a home equity loan, HELOC, or some other second lien that is making it difficult for you to keep up with your mortgage payments, learn more about this MHA program.
Home Affordable Refinance Program (HARP): If you are current on your mortgage and have been unable to obtain a traditional refinance because the value of your home has declined, you may be eligible to refinance through HARP. HARP is designed to help you refinance into a new affordable, more stable mortgage.
Reinstatement: Pay the total amount you are behind.
Repayment Plan: Time to repay the amount you are behind.
Short SaleSell for less than what is owed to the bank.




Call us TODAY!  Blanca Ramirez (408) 608-8713, Nidia Nuristani (408) 836-2457, or Click here to have a Certified Distressed Property Expert call you today.
Homes & Beyond Realty, Inc.
Blanca Ramirez
DRE#: 01900837, 01318171
Homes & Beyond Realty, Inc.
1103 North 4th St.
San Jose, CA 95112
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