SureFast Mortgage Offers Services To Help Avoid Foreclosures:

SureFast Mortgage offers refinancing to stop home foreclosures and Debt Consolidation. Many homeowners can save their homes from foreclosure by receiving a Short Refinance. We have short refinancing loans that can assist you in holding on to your home during these tough economic times. We have Short Sale (short sell) for those interested in selling. Contact us today and take advantage of this opportunity! We will contact you and tell you how we can help your specific situation.

The following services are available for you:

• Lending for the Presidents Making Home Affordable Program
• Short Refinance - Lending and Negotiation Services
• Short Sale - Loss Mitigation
• Loan Modification - Negotiation Services

Avoiding Foreclosure

If you are having difficulty paying your mortgage on time or know you will have difficulty in the near future, contact a SureFast Mortgage advisor to determine the best solution based on your circumstances.  It's important to act now before you get so far behind in your payments you end up facing foreclosure.

There are several options available to help you avoid foreclosure. You can discuss these with us but remember - the earlier you contact us the more options you will have to help you. You may not be eligible for all of these options but we can determine how best to move forward. These options include:

• The President's Making Home Affordable Plan
• Refinance
• Forbearance
• Repayment plans
• Loan modifications

Making Home Affordable Program

The Making Home Affordable Program provides help to homeowners who are struggling with paying their mortgage payments or anticipating trouble. Find out if you are eligible for assistance through this program.

The goal of the refinance effort, as announced by the President, is "to provide access to low-cost refinancing for responsible homeowners suffering from falling home prices." The expectation is that refinancing a Fannie Mae or FreddieMac loan will put responsible borrowers in a better position by reducing their monthly principal and interest payments or moving them from a more risky loan structure (such as interest-only or short-term ARM) to a more stable product. Our solutions provide mortgage refinances for current LTVs up to 125 percent, and mortgage insurance flexibilities.

Workout Options

If the Making Home Affordable Program is not an option for you there may be other alternatives. By working with SureFast we can determine if you are eligible for any of the following workout options:

• Refinance: If you have enough equity in your home, your new mortgage could pay off the old loan along with any late fees and attorney fees. If you decide to pursue a refinance, we will shop around for the best terms for you.
• Reinstatement: Your lender may agree to let you pay the total amount you are behind, in a lump sum payment and by a specific date. This is often combined with forbearance when you can show that funds from a bonus, tax refund, or other source will become available at a specific time in the future. Be aware that there may be late fees and other costs associated with a reinstatement plan.
• Forbearance: Your lender may offer a temporary reduction or suspension of your mortgage payments while you get back on your feet. Forbearance is often combined with a reinstatement or a repayment plan to pay off the missed or reduced mortgage payments.
• Repayment Plan: This is an agreement that gives you a fixed amount of time to repay the amount you are behind by combining a portion of what is past due with your regular monthly payment. At the end of the repayment period you have gradually paid back the amount of your mortgage that was delinquent.
• Loan modification: This is a written agreement between you and your mortgage company that permanently changes one or more of the original terms of your note to make the payments more affordable. The President's plan also offers loan modification; visit our page on the Making Home Affordable Program for more information.

Depending on your circumstances it may not be possible to keep your home. But there are still options available to you including to prevent foreclosure:

• Short Sale or Short Payoff: In cases where you sell your home for less than you owe, your lender may accept the lesser amount.
• Deed-in-lieu of foreclosure: Your lender may accept the voluntary transfer of the title of your home back to them in exchange for cancellation of your mortgage debt. This approach may have tax implications for you, and it may not be possible if there are other liens against your home.
• Assumption: This option permits a qualified buyer to take over your mortgage debt and the mortgage payments, even if the mortgage was originally non-assumable.

Be aware that some workout options affect your credit rating more than others. Foreclosures, short sales and deeds-in-lieu of foreclosure are considered "not paid as agreed" and may have serious negative impact on your credit score. That is why it is important for you to get help early to try to prevent further damage to your credit.