FAQ - How Can We Stop Foreclosure?

Q. What is foreclosure?

Home foreclosure is a process by which a lender regains a property which they have financed. Typically, this is because the borrower or homeowner is behind on house payments and is unable to catch up, often due to circumstances outside of his or her control. When the lender forecloses on the homeowner, the homeowner must move out of the house, therefore losing all possession of the property and jeopardizing any possible equity that the homeowner may have in the home. There is a legal time frame, which varies from state to state, which determines how long the foreclosure process can take. Click here to fill out our fast information form.

Q. What can AvoidF.com do for me?

Our goal is to work out an agreement between the homeowner and the lender that will stop foreclosure proceedings permanently. This allows the homeowner to protect their credit history and look at the options available to them.

Q. How do we stop foreclosure?

Our company specializes in resolutions of mortgage delinquencies or home foreclosure claims on behalf of you, the homeowner. We perform a detailed financial analysis and work with you to determine your best alternatives. We review your lender's loss mitigation policies to make sure that we give you the best service within the context of your situation. By working with you and your lender we can tailor a resolution to meet your specific criteria and financial circumstance. Click here to fill out our fast information form.

Q. How long do I have to act?

Time is of the essence when you are behind on house payments. Each day that passes makes it that much harder to work with your lender. Even more important, your credit rating is getting worse and worse. The home foreclosure process often takes many months, even up to a year or longer. If you can stop foreclosure early enough, you can keep the really bad marks off your credit, and it'll be easier to repair your credit once it's over.

Q. Do I have enough time to stop my foreclosure?

Up until the foreclosure sale occurs there is still hope. If a sale date for your property has been set you need to act fast. Your best option is to take action immediately to stop foreclosure before it goes too far. Click here to fill out our fast information form.

Q. Should I negotiate with the lender myself?

You should always look into all of your options. Whether you negotiate yourself or hire a third party, you need to know every possible scenario, so you can make the best possible situation for your situation. You may be able to negotiate a work out agreement between the mortgage lender and yourself. If you are successful then you will be able to restore your credit rating much quicker. Just remember, don’t delay - time is of the essence. If you cannot work out a solution with your lender, you may be better served to get help, and that's where we come in.

Q. I've already talked with my lender and they just want all their money. Can you still help me?

Yes. Most of our clients have experienced this kind of inflexibility from their lenders before calling us. We get your bank to listen to your needs because they know and trust us. Over the years we have developed positive working relationships with many banks. Our integrity and professionalism have earned us a reputation that allows us to be heard when no one else can get through the red tape. We will use our experience and connections to your advantage, if possible. Click here to fill out our fast information form.

Q. What are my chances of success in working with you to get a short sale done?

If you are looking to do a "short sale", we have relationships with many of the large institutional lenders. We probably have a relationship with your lender too. We are experts at negotiating short sales because we know what documents they need, and what kind of presentation your bank is looking for. Your chance of success in working with us is exponentially higher than would be the case if you chose to work with some other companies.

Q. I'm considering filing for bankruptcy to stop my foreclosure but I understand that this could dramatically affect my credit. What should I do?

Number one, consult an attorney. We can't give you legal advice, and what we're about to say is not to be taken as legal advice, it's our opinion based on our experiences. Outside of a foreclosure, bankruptcy is the worst thing you can have on your credit report. Bankruptcies stay on your credit report for up to 10 years and can prevent you from getting any kind of loan for many years. In addition, recent changes to federal bankruptcy laws have made it increasingly difficult to use bankruptcy as a means to keep one's home. Click here to fill out our fast information form.

Q. What is a short sale?

A short sale is especially good for our clients who have little or no equity in their home. We will negotiate directly with your lender and have them discount the payoff on your mortgage. We then buy the property from you - which in turn relieves you of the obligation on the mortgage loan.

Q. I've thought about listing my home with a Realtor. Why should I consider your company over using a Realtor to sell my home?

Great question. Using a short sale as an example, we would be interested in buying your home, not listing it for sale. Even if you have no equity in your home, it's very possible we can help you by buying your home and eliminating your mortgage obligation. A Realtor would list your property and most likely, there won't be high enough offers to cover your mortgage balance. We do have strong working relationships with several Realtors and we use them frequently, but for the purposes of your situation, why not deal directly with someone who wants to buy your home instead of list it. In the end, our goal is to help you move on with your life in a positive direction.

Q. Several companies have contacted me recently offering to help. What's different about your company?

First of all, we're local. We work right here in Akron, Canton, and Cleveland. Also, there are many predatory companies who are not what they appear to be. We genuinely want to help you, and that is evidenced in the fact that we do not charge fees for our services. We only get paid if the solution is acceptable to you, the lender, and ourselves. It's the only way we do business - WIN-WIN-WIN transactions.

Q. What if I just can't find a way to keep my house?

There are times when all means have been exhausted and the situation is so dire that a person just won't be able to stop the foreclosure process through debt negotiation. In these circumstances it is always best to not give up but to take further action to avoid foreclosure. A foreclosure has the most significant negative impact on one's credit and can make future home financing extremely difficult if not impossible for a minimum of 2 years. Please do not let this happen to you.