US HouseSaver

What is a mortgage default?

When one or more mortgage payments have been missed, the mortgage is considered to be in default.

If I am in default, what remedies or solutions are available?

You may be eligible for one or more of the following solutions:
Short Sale or Payoff
Loan Modification
Forbearance Agreement
Deed in Lieu

What is a Short Sale or Payoff?

It is when the homeowner or their designated agent negotiates the sale of the subject property for an amount that is less than what is owed to the lender(s).

If I am in default and in need of assistance, how do I qualify?

You will need to provide proof that you are experiencing a significant financial hardship and indicate whether or not it is temporary.

What is considered a "Hardship"?

It is any condition or situation, short or long term, that has caused you to miss one or more of your mortgage payments. Common "hardships" to include:

Illness, Accident, Medical Bills
Death of a spouse or other relative
Job loss or Income reduction
Military Service
Divorce or Separation
Business Failure or Legal Problem

If I need assistance, what should I do?

If I decide on the Short Sale process, how do I qualify?

First, you will need to prove that a Hardship exists. Then via negotiations on your behalf by a US HouseSaver representative, the lender(s) must accept the negotiated proceeds from the Short Sale.

The property owner will need to:

Provide and complete all required documentation to USH.
Sign a listing agreement with the designated broker/agent.
List the property for immediate sale.
Cooperate with broker/agent to allow access for showings, inspections, etc.
Upon the close of escrow, agree to vacate the property in specified timeframe.
Agree not to further encumber the property.
Prepare and maintain the property for showing to potential buyers.
Make any necessary minor repairs.
Act in a responsible manner during the short sale process, until the close of escrow.

WARNING: Not all Real Estate Agents can handle SHORT SALES effectively!!

You usually only have ONE opportunity to present a successful Short Sale transaction to the lender. It is often a fast-moving procedure with no room for costly mistakes or omissions. US HouseSaver recommends that you work with a company with qualified professionals that are experienced in this field and that will properly represent you and your family.

Where do I find the right broker/agent for me?

US HouseSaver is associated with qualified professional Real Estate Agents nationwide that are ready to assist you. These professionals are working under the same guidelines as US HouseSaver to ensure a positive solution to your transaction.

How can US HouseSaver help me?

Here is a partial list of our services:
Advise you through the process.
Help minimize credit damages.
Possibly help to avoid foreclosure.
Provide assistance through this difficult time.
Oversee the transaction through its completion.

For further information or assistance needed right now, please contact us at 1-800-246-9698.

Only the lender(s) can approve the Short Sale. The sooner you call, the sooner we can help!