Direct: (877) 299-7355    or    info@crumassociates.com

 


What is Foreclosure?

Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments (usually mortgage payments) and the lender files a public default notice, called a Notice of Default or Lis Pendens. The foreclosure process can end one of four ways:

 

  • The borrower/owner reinstates the loan by paying off the default amount during a grace period determined by state law. This grace period is also known as pre-foreclosure.
  • The borrower/owner sells the property to a third party during the pre-foreclosure period. The sale allows the borrower/owner to pay off the loan and avoid having a foreclosure on his or her credit history.
  • A third party buys the property at a public auction at the end of the pre-foreclosure period.
  • The lender takes ownership of the property, usually with the intent to re-sell it on the open market. The lender can take ownership either through an agreement with the borrower/owner during pre-foreclosure or by buying back the property at the public auction. These properties are also known as bank-owned or REO properties (Real Estate Owned by the lender).

 

 

If you can answer yes to any one of these questions below:



  • Are you behind on your mortgage payments.
  • Have you or your spouse experienced reduced hours at work.
  • Have you experienced a sickness, divorce, death, or financial hardship.
  • Are you currently active in the United States Armed Forces.
  • Do you owe more on your home than it is worth. 
  • Business failure.
  • Damage to property.
  • Incarceration.
  • Medical Bills.
  • Military Services.
  • Payment Increase.
  • Job Relocation.
  • Separation.
  • Too much debt.
  • Unemployment.

 


You may qualify for a Loan Modification or will be able to sell your home for FREE                                                 Click here to --> Stop Foreclosure NOW!


Crum & Associates Residential Group does not charge any upfront fees for services. And no fees to sell your home FAST. 


Call 877-299-7355 to learn about your financial options to SAVE YOUR CREDIT............FOR FREE


 



Foreclosure Opportunities

Buying a property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright. The borrower/owner can walk away with the equity in the property and avoid a bad mark on his or her credit history. The buyer has time to research the title and condition of the property and can realize discounts of 20-40 percent below market value.

 

If you are interested in purchasing foreclosure properties in the Los Angeles or Orange counties call 877-299-7355

 

  

235 E Broadway Suite 324  Long Beach, CA 90802