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You Don’t Have To Lose Your Home
Many times we hear from our customers that “The Lender is Trying To Take My Home”. Contrary to popular belief, lenders do not want your home.

Are you “upside down” in your house? Is your house currently worth less than the amount you owe? Are you losing sleep about possible foreclosure? On most conventional loans, a lender stands to make up to three times the principle amount you borrowed over the life of the loan (assuming you stay in the loan for its entire term). Therefore, it is not good business for a lender to initiate foreclose proceedings on a home.

Maybe you’ve had an unexpected life event that is causing you an unforeseen financial hardship which will make it difficult to continue making payments on your home. You might be in an adjustable rate loan with a rising payment and now you owe more than it is worth. In any case most lenders are willing to analyze your current financial situation to see if they can write down your principle balance and avoid a foreclosure. Even if you are 30, 60, 90 days late or more, there are people that can help.

It really is in everybody’s best interest to avoid foreclosure and work together to find common ground. For many homeowners this will allow them to stay in their homes that they’ve worked so hard to obtain. For the lenders, this allows them the opportunity to receive the interest and principle repayment on the loans they made in good faith.

Most homeowners across the nation do not have the time or possess the knowledge required to approach this stressful and time consuming task.

Where do you go from here?
You will need the following information to proceed:

• Loan size
• Approximate property value
• Type of loan
• Current interest rate
• When does or did it adjust
• How many months late

Once you have this information call Jason Thomas at 916-501-3036 or contact us at www.publicemployeemortgageservices.com