Pre-Foreclosure Help

DO NOT IGNORE THE LETTERS FROM YOUR LENDER.   If you are having problems making your payments, you have options including: 

  • Special Forbearance. You may be able to arrange a repayment plan based on your financial situation and may even provide for a temporary reduction or suspension of your payments.
  • Mortgage Modification. You may be able to refinance the debt and/or extend the term of your mortgage loan. This may help you catch up by reducing the monthly payments to a more affordable level. 
  • Partial Claim. You may be able to obtain a one-time payment to bring your mortgage current by executing a Promissory Note, and a Lien will be placed on your property until the Promissory Note is paid in full.
  • Pre-foreclosure sale. You may be able to avoid foreclosure by selling your property even if that amount is for less than the amount necessary to pay off your mortgage loan.
  • Deed-in-lieu of foreclosure. As a last resort, you may be able to voluntarily "give back" your property to the lender. This won't save your house, but it is not as damaging to your credit rating as a foreclosure.

It is vitally important to protect the True Real Estate Value of your home by taking control of your situation.  Explore every option to keep your home.  If you do nothing, YOU WILL LOSE YOUR HOME and your credit rating.  

Arrange an appointment with a True Value Services-approved pre-foreclosure counselor to explore your options.  Although you may feel it's difficult to talk about, your pre-foreclosure counselor needs you to honestly explain your situation for them to help.  They have compassionately helped many others at their time of need, whether its from medical problems, divorce, business debts, credit cards, or any other expenses that have become too much. 

Receive Pre-Foreclosure Help

Act now, because they can truly help you by providing you better options before it's too late.

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The Pre-Foreclosure Help service not available in all areas.