Ingerson & Associates

If you are headed toward foreclosure, or if you are already in foreclosure, you need to know your rights and the options available to you now. Only then can you save your home, your credit, or the equity in your home before it’s gone forever.

Once you get behind on your mortgage and the lender records a “Notice of Default”, the clock starts ticking. The sooner you decide on a course of action, the more cash you and your family can pull out of your home, and the better chance you’ll have of stopping the bank from taking your home.

There are several creative ways to raise the money you need to save your home. We can help you identify the methods to keep your home if you feel you can still afford to stay in your home. On the other hand, if you decide to sell your home, we might be able to help you sell it and get you cash for your equity.

In order to Reinstate the loan, you need to pay the lender:

• All amounts called for in the Notice of Default including principal, interest, taxes, insurance, and assessments;
• Installments due and defaulted after the recording of the Notice of Default;
• Any future advances made after the recording of the Notice of Default to pay taxes, senior liens, assessments, and insurance; and
• Costs and expenses incurred by the lender to enforce the trust deed, including trustee’s fees or attorney fees. Civil Code §2924 C(a)(1)

However, if you are financially able to reinstate the loan, we can help you explore this option.

In order to get a new mortgage on your home, you'll need to borrow enough money to payoff what is currently owed on your mortgage, plus the back payments, late fees and attorney fees associated with the default. In addition, you will also need to borrow enough money to cover all the closing costs associated with obtaining a new loan. However, if you are financially able to commit to a larger mortgage obligation, we can help you explore this option.

Maybe we can sell your home quickly and easily. Depending on your financial situation, there is no need to spend additional money fixing up your home.

We can sell your home “As Is”
We can handle all the paperwork
We can get you cash for your equity
We can close on the date you choose

We are Attorneys and Real Estate Brokers who specialize in helping home owners that need to sell quickly. Although we do charge a fee or commission (if listed on the MLS) there is no cost to you until we close escrow on your home and get you the money you deserve. Depending on your individual situation we can close escrow in as little as 7 to 10 days. By acting now, we can help your get the most money out of your home.

Since the foreclosure timeline is ticking, it is critical for you to contact our office and allow us to help you cure your loan, refinance your debt, or sell your home in order to keep the pending foreclosure off your credit record. Damaged credit will limit where you can move. Landlords and lenders will look closely at your ability to keep up with your financial obligations. By taking steps to save your credit now, you won t have to experience the embarrassment of being turned down when you try to rent or when you try to get another mortgage in the future.

Unfortunately, if your bank does foreclose on your home, you will have severely damaged credit hanging over your head for the next 7 (seven) years. In addition, these days most mortgage applications ask if you have EVER had a foreclosure. You will have to say "yes" to this mortgage question for the rest of your life. However, it may not be too late to avoid this if you pick up the phone and contact our office to discover your options.

Then let us help you save as much of your equity as possible. Even if you have little or no equity, we know several ways to create it by renegotiating with your lender, generating enough cash to give you something, rather than nothing. It’s called a “Short Sale” and if you call our office, we can tell you all about it and how it works.

On the other hand, if you have the ability to pay more then you re obligated to pay each month now (perhaps because the financial setback you experienced was temporary) it s possible for us to negotiate a plan with your lender to keep you in your home and get you back on track.

However, from our experience, only 1 out of 10 families we consult with who are facing foreclosure are able to save their home by agreeing to pay MORE each month. So it is in your best interest to explore all of your options for selling quickly. But we won’t know what works best for you until we’re working with you and understand your individual situation.

Although some homeowners explore the idea of filing bankruptcy to stop a foreclosure, they quickly find out that it usually won’t work to save their home. Although it is true that when the owner files for bankruptcy protection, the foreclosure is automatically stayed until a release is obtained from the court by the lender. (11 United States Code §362(a)).

Unfortunately, unless the owner-in-bankruptcy can make up the default as part of the reorganization plan, bankruptcy only delays the inevitable. However, once the stay is lifted, the foreclosure sale will proceed. Instead of erasing their mortgage debt, it only delays the loss of their home while the amount of money owed on their mortgage continues to grow.

The simple fact is that the bank that lent you the money on your home is a secured creditor. Bankruptcy will never wipe out your mortgage debt. You cannot avoid foreclosure by filing bankruptcy.

Some borrowers actually think that it is better to live “Free Rent” until the bank hires the local sheriff to throw them out after the foreclosure sale rather than to sell the home. Unfortunately, these people are misinformed and have absolutely no idea what a long term impact such actions will have on their credit and their lives. You never know when the next time you will need to use your credit such as for renting a home, buying a car, etc.

Wouldn't you rather let us help you obtain debt relief, emotional relief and some money for a fresh start? After all if you wait and do nothing, you won’t even have the minimal amount of money needed for moving expensing and rental deposit on a new place to live; not to mention the fact that you'll want to keep a foreclosure off your credit report if at all possible.

Equity in real estate can take years to build but it can be wiped out in a single day, if your home is sold at public auction. Let us help you examine all the options you have available NOW. Then you'll be able to make an informed decision based on real facts, not wishful thinking.

I invite you to call our office at 310.908.2172 and talk with us. We will gather the details of your individual situation. Then after we have ascertained the facts of your situation, we can offer you several solutions. There is no cost or obligation to you for this initial consultation and we will hold everything strictly confidential. Once we have all of the details of your situation, we may be able to:

• Help get you a new loan;
• Renegotiate your obligation with the lender;
• Put your home up for sale on the MLS (Multiple Listing Service); or
• Make you an acceptable offer to buy your home "As Is" with cash to you at closing.

We don't recommend selling your home to investors until you have learned about the disadvantages of taking such actions. We also don' t recommend trying to sell your home on your own unless your loan is current and you have time to test the market. In addition, we strongly discourage filing for Bankruptcy because in our opinion, it rarely produces the result home owners had hoped for (that they can keep their home).

However, we do recommend that you contact us and allow us to explore all of your options on ways to raise the cash you need to cure your default and stop foreclosure. If refinancing your home makes sense, we will investigate that option and help you locate a reliable source of funds.

Let us help you get a fresh start

Put an end to the stress and emotional hardship you are experiencing right now. Sure, you may find an answer, on your own, without calling us, but don’t you owe it to yourself to get all the help you can (especially when it’s free). We understand your situation. We want to help you.

If you would like more information regarding your options, we will need to get some information about your specific situation and your property. You can call us direct at 310.908.2172 for a FREE, friendly, no obligation over the phone consultation. Or you can complete the online Request Form below.

After evaluating your situation, we will call you back and share our ideas with you. Then, if you decide it is best to sell your home, we will come out and give you a comparative market evaluation (CMA) so that you understand the fair market value of your home.

If you prefer to keep your home, we can explore your options on how to raise the cash needed to avoid losing it.

So please call us. We will explain everything in clear, easy to understand terms without all the legal ease. You have absolutely nothing to loose, our consultation is free.

Sincerely,

Greg M. Ingerson
Attorney At Law
Real Estate Broker

Ingerson & Associates

Office: 310.908.2172
Direct: 310.908.2044
Website: www.LAHomeSearch.com

P.S. If you are currently behind on your home payments and don’t have an immediate plan to cure your default, it is only a matter of time before the real estate investors come to capitalize on your misfortune. Let us help you save your credit. Pick up the phone and give us a call.

Submit Your Information Below to Find A Buyer For Your House -- Without cost or obligation.

First name: Last name: Email address: Phone: Alt. phone: Property address: Zip: City: State / Province:  --- Alabama AlaskaAlbertaArizonaArkansasCaliforniaColoradoConnecticutDelawareDist. of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming Property type: Single Family Townhome Condo Multi Tennant Square footage: Bedrooms: 1 2 3 4 5 6+ Bathrooms: 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6+ How much is it worth after repairs? Asking price: Best guess on what you owe: # of months behind on payments: 0 1 2 3 4 5 6+ Describe in as much detail as possible your current situation: Enter Security Code: