Reliance, Inc.
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Loan Modification

There are a number of options available to you to stop foreclosure today.

Being faced with a foreclosure does not mean the end of the world. You do have options that you'll need to consider before having to lose your home on the courthouse steps.

Again, the goal of both you and the lender is for you to keep your home and the lender to continue to receive their payments. There are several options that your lender may offer you if you miss a payment and want to avoid foreclosure:

An adjusted repayment plan

If you suffer a temporary short-term financial setback, your lender may allow you to pay off your past due amounts in several installments over several months.

Modifying your loan

As mentioned above the lender does not want your home. In many cases, they can adjust the terms of your loan - most often by lengthening out the amortization schedule of your loan, lowering the interest rate or rolling the deficiency into your loan and reamortizing the new balance, all in an effort to bring your loan current.

A short sale

If the value of your property has dropped and the loan balance exceeds the value of your home, the lender may allow you to sell your home for less than the outstanding loan amount, takes the proceeds and forgive you of any remaining debt. Please refer to more complete information about short sales here.

A short refinance

Again if your property value had dropped dramatically, the lender may release you from your existing debt and refinance the outstanding balance into a new loan.

Obtain a "private money mortgage"

While the rates and fees for this type of loan may be high, a loan from a private lender may allow you to buy time to sell your home in an orderly fashion and avoid default or foreclosure. like this.  Which ever option you choose to go with be advised that we have a proven track record and can suggest which one will be best for your unique situation.

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3940 10th Ave North Lake Worth, FL 33461
888.241.4044 Toll Free | 561.967.5066 Local | 954.414.4334 eFax | 561.967.3684 Fax
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Reliance, Inc. is an established Christian based Lake Worth, Florida full service financial services company specializing in Debt Settlement, Foreclosure Prevention, Loan Modifications, Auto Loan Modifications, Credit Restoration, Debt Management, IRS Tax Relief and Mortgage Services.