distressed homeowner guide

8/2/2019 Distressed Homeowner Guide

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UNITING TO SAVE HOMEOWNERS FROM FORECLOSURE

Free Homeowner Guide Book

Take Control of Your Situation

and Get the HELP You Need!



Help for Homeowners.

Empowering you with knowledge, tooand the assistance you need.

Millions of homeowners in the U.S. are behind on th

mortgage payments, some only 30 days and others days and more. What many homeowners don’t real

is that the foreclosure process can begin very quick

and move at a pace that can easily spiral out of con

The goal of the SSAA Program is to help homeowne

better understand the free programs and options tha

can save and restore your credit and even give you a fresh, new start. At times, simply allowing the ba

to take back the home, or filing for bankruptcy may seem like the best and easiest way out. But this is

LAST thing that you want to do! This free e-book will identify the top ten mistakes made by homeowne

and help you to identify and follow three crucial steps that will allow you to take control of your situation

1. Face Reality

2. Assess your

Situation

3. Execute the

Right Plan

Use the tools and professionals that are provided

free of charge to identify and execute the right

plan of action.

Learn exactly where you stand and the options

that are available so that you can make the

right decisions for you and your family.

The #1 mistake that homeowners make is failing

to face the reality of their situation, and to act

in time to utilize helpful programs and options.

One of the most effective tools available to homeowners is the Homeowner Course of Action.

Its available for free and will automatically assess your situation and make a recommendation

for the best course of action based on your current situation.

Click Here to Take Your FREE Homeowner Course of Action Today!



There are currently over 7 million homeowners in the

U.S. who are in default, and more than 14 million who are

“under water” on their mortgage.

Over half of the homeowners who are under water are

upside-down by more than 30 percent. Many experts

believe that since housing prices continue to fall and the

unemployment rate remains dangerously high, the worst

is yet to come. They estimate another three to four million

foreclosed homes in the next three or four years.

Facing the Reality of your Circumstances...

According to Freddie Mac, 6 in 10 homeowners facing foreclosure donot understand their rights and options. Furthermore, the majority of

homeowners who are behind on their payments never contact their

lender to ask for assistance for fear that it will accelerate the bank’s

actions and will make their situation worse. This notion is false! In

fact, it is usually in the bank’s best interest to help mortgage holders

who are in trouble.

This failure to respond and act is why many homeowners end up going

through the entire foreclosure process, when they might have saved

their home, their credit, and gotten a fresh, new start had they acted

quickly and received the right help from the right professionals.

...and recognizing that you’re not alone!

A poll conducted by Harris Interactive illustrates typical homeowner emotion during the default

and foreclosure process:



The first thing to be aware of when

assesing your situation is the natural

tendency to feel a certain way in

times of confusion and stress. These

emotions often result in inaction or

irrational decision making that lead

to foreclosure, excessive credit

damage, banrkruptcy or giving in to

the enticing offers of unregulated

real estate investors.

The key to making good decisions is to take emotions such as fear, depression, anger,

embarrassment and attachment to the home out of the matter. You do this by becoming

empowered with education and information. Let the facts, the reality of your financial situation,

and the options that are available to you determine what you will do and how you will act.

You start by asking and honestly answering questions such as the following:

• Are you still current on your mortgage but barely hanging on?

• Are you facing the possibility of losing your job, or has it already happened?

• Are there circumstances that have occurred or pending that will make it

difficult or impossible to maintain your mortgage?

• Are you already behind on your mortgage, and how far?

• Could you continue to make your mortgage payment if the rate was a little

lower?

• Etc.

The answers to these and similar questions will determine the options that

are available to you, and help you choose the correct course of action for your

particular situation.

The free Homeowner Course of Action provided through the SSAA Website is

designed to do just that. It removes all of the emotion and recommends within

minutes the course of action that you should consider.

With this information, you will feel instantly empowered. You can begin taking

control of your situation, instead your situation controlling you. You will be able

to act quickly and decively, instead of waiting for the bank and your

creditors determine your fate.

Assessing Your Situation:

Click Here to Take Your FREE Homeowner Course of Action Today!



Your SSAA Professional will help you take

an objective look at the facts surrounding

your situation, and guide you through the

steps and the process that is right for you.

All SSAA Professionals are licensed real

estate professionals who have signed

SSAA’s Code of Ethics and Standards and

have agreed to exemplify SSAA’s Core

Values:

Each SSAA Professional acts within the laws and regulations established to protect and assist

homeowners in foreclosure. The state-of-the-art tools and technology provided to them through

SSAA help them produce the best outcome for each of their clients. SSAA strives to empower and

assist homeowners through education, information, and relationships with trusted professionals

who are knowledgeable, honest, and compassionate.

Contacting and Utilizing an SSAA Professional:

T ransparency

R esponsiveness

U nderstanding

S ervice

T eamwork

E mpowerment

D ecisiveness

SSAA Professionals will communicate openly and honestly with all parties

involved in the pre-foreclosure process. SSAA Professionals will respond quickly and professionally to questions and

concerns of their clients and other parties. SSAA Professionals understand the pre-foreclosure laws and processes, as well

as the needs and concerns of their clients.

SSAA Professionals will serve their clients and the community to the best of

their ability and the with highest level of integrity.

SSAA Professionals understand that sellers, buyers, agents, banks and all

parties must work together to achieve a common goal. SSAA Professionals empower their clients through education and information

regarding the important decisions that will be made.

SSAA Professionals help clients overcome their fears and concerns and to act confidently on the decisions that they have made.



Executing the Right Plan

The Mortgage Bankers Association reports banklosses in excess of $50,000 on each foreclosedhome.

In other words, these foreclosure alternatives arusually best for the bank and the homeowner,

which means that they are usually willing to worwith you, not against you.

The Homeowner Course of Action, which onlytakes you about 5 to 10 minutes to complete, willlikely recommend one of the following options:

Banks provide these options to homeowners inan attempt to offset the losses they incur if they

are forced to foreclose on your mortgage.

Alternative Description Pro & Cons

Homeowner stays in home

Monthly payment amount reduced

High re-default rates

Homeowner stays in home

Ability to regroup from temporary hardship

Moderate re-default rates

Rebuild credit more quickly

Qualify for home loan in 2 year

Homeowner has to sell home.

Homeowner avoids foreclosure

Qualify for home loan in 2 years

Homeowner has to move out

Loan Modification

Forbearance Plan

Short Sale

Deed-in-Lieu

The lender reduces the monthly mortgage payment to a more

manageable amount based on the homeowner’s financial picture.

The principal balance on the loan remains the same and anything

owned in arrearage will be added to the back end of the loan

Homeowner forfeits their deed to the lender instead of

going through the foreclosure process.

Arrearage and late fees are paid monthly over a 6-12

month period. During that time, the monthly mortgage

payment is increased to pay back whatever is past due.

Bank allows you to sell your home for current market value,

even if you owe more than its worth, and the Homeowner

is usually NOT required to pay the difference. This allows you

to virtually walk away from an unsustainable mortgage with less

damage to your credit than foreclosure or bankruptcy.

Save Your Home! Determine Your Proper Course of Action Here



Foreclosure/Bankruptcy

Loan Modification

Deed-in-Lieu

Refinance

Forbearance

Short Sale

Once you’ve completed the Homeowner Course of Action, its a good idea to contact a trainedprofessional for assistance. No foreclosure alternative is guaranteed, but as long as you are proactive,your chance of preventing foreclosure and taking control of your financial future dramatically increases.

SSAA believes that the least desireable options are foreclosure or bankruptcy due to the long-termdamage to your credit. For those who don’t qualify for loan modification or refinancing, a Short Sale is

usually your best option. But don’t try to do it alone! Its a complicated process and, unlike aconventional listing, there is no financial advantage to doing it yourself since there is no cost to you.

Bank negotiators deal more favorably with real-estate professionals who understand foreclosurealternatives and work with the best interest of the homeowner in mind. SSAA-trained real estate agentsknow how to get results for homeowners using proven foreclosure alternatives. In order for distressed-mortgage homeowners to successfully avoid foreclosure, it is best to be represented by a real estateprofessional who is qualified to negotiate effectively with the banks.

Free Help from a Trained Professional



• Procrastinate until all of their options are gone.

• Fail to educate themselves about their rights and options.

• Avoid and do not return phone calls from their bank.

• Allow fear to prevent them from taking action.

• Make decisions based on emotions rather than facts.

• Pay for fee-based counsel and education.

• Refuse to accept the reality and urgency of their situation.

• Turn to unregulated real estate investors for help.

• Follow advice from people who are not professionals.

• Fail to seek advice from a qualified SSAA Professional.

TOP 10 MISTAKES MADE BY HOMEOWNERS:

The biggest mistake made byhomeowners who are in or facing defauon their mortgage is procrastination. This usually caused by embarrassment,depression, fear, anger, and other similaemotions.

ACT NOW TO DETERMINE WHAT

OPTION IS BEST FOR YOU.

CLICK HERE

Time is of the Essence

Every day that you wait is another day closer to foreclosure.

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