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 you?

Our goal is to work out an agreement between you, the homeowner and the lender that will stop foreclosure proceedings permanently. You don't have to talk to the lender at all, we'll do it for you. At the same time, if we can work out an agreement, it can protect your credit history as well.

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. 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. Time is definitely not your friend in this situation. Each day that passes makes it that much harder to get an agreement with your lender that you can live with. The home foreclosure process can take anywhere from a few weeks to many months, depending on your state law and the method of foreclosure your lender chooses to use. Also, the longer you wait, the more damage is done to your credit rating so it's best to get started right away. Click here get started right away..

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 house has been set you need to act fast. We have seen stopped sales set for the next day but this is very risky and some lenders will not agree to it. 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?

Yes. If you are only a payment or two behind and your lender has not hired an attorney to begin foreclosure proceedings you may be able to negotiate a work out agreement yourself. If you are successful then you have saved yourself some funds that can be used to get caught up on your mortgage. Just remember, don’t waste a lot of time on this. Time is not on your side right now. If you don’t have something worked out within 1-2 weeks, then it’s obvious that your lender is not serious about working things out with you directly. When you get to that point you will be better served by professional representation that can use the formal business and legal protocols to your advantage.

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 key people at 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. Click here to fill out our fast information form.

Q. What are my chances of success?

We have relationships with all the large institutional lenders. We probably have a relationship with your lender too. We are experts at negotiating because we know what financials and 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 were negotiating on your own.

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?

You are correct. Outside of a foreclosure, bankruptcy is the worst thing you can have on your credit report. Bankruptcies stay on your credit 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. There are many other ways that you can keep your home and avoid filing for bankruptcy. Click here to fill out our fast information form.

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

If you want to sell your home, we'll BUY it. We're not Realtors, and we're not looking to list your home. We can often buy homes with no equity, because of our negotiation techniques. 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?

There are many predatory companies who are not what they appear to be. Beware of unscrupulous companies who are actually just interested in stringing you along, taking your money, promising the world then not delivering. We are LOCAL, right here in Northeast Ohio. We genuinely want to help you, and that is evidenced in the fact that we do not charge any fees for our service. 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. Please do not let this happen to you.