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Due to the economic ramifications from COVID-19, now is a key time to speak with a Financial Counselor about strategies and options to reduce your debt and improve your credit. We can provide you the help needed if you were impacted during this time !
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FORECLOSURE INTERVENTION
Mortgage Foreclosure Intervention helps families retain their homes! Ownership of a comfortable home full of peace and joy is truly the American dream and it is the largest investment most families will ever make.
But sometimes circumstances conspire to produce a financial crisis despite the best of plans. An unexpected medical problem develops; a job is downsized or outsourced. And suddenly a family is unable to make its mortgage payments. After the second or third missed payment, the lender starts a foreclosure process to acquire possession of the home because it is the collateral for the mortgage. And once the foreclosure process starts, it is almost impossible to stop unless the family can arrange for substitute financing. Unfortunately, substitute financing is hard to come by because it is difficult for a family under the threat of foreclosure to qualify.
Foreclosure Intervention is a program offered by Merrick Financial & Credit Services where a resolution is made with the Lender to avoid foreclosure by entering into an amenable plan to restructure the arrears as well as keeping the mortgage payments manageable.
If you are having a foreclosure problem we urge you before it's too late to contact us for assistance.
MFCS also provides our FREE publication titled Facts You Should Know About Foreclosure Prevention. Please enter your email address below to access this free publication.