FAQ

FREE CONSULTATION!

You initially inquire online or by calling (913) 600-2811 . A representative will provde free counseling regarding options for paying all or part of your mortgage arears. They will give more details on qualificiations for our program and quote payments and terms. After approval, you convey a partial interest in your property when we pay the money neded to bring your mortgage current. The foreclosure proceedings will be terminted. You will make payments that are usually 10% higher than your mortgage payment. You recover the interest conveyed to us by paying 12% more than the money we paid to reinstate the mortgage. Characteristically, this is done by refinancing , installment payments. or by selling the house, at your option.

You will receive conditional terms for reinstating your mortgage. If satisfied with the terms, then you, the homeowner submit an application. Upon approval, we provide a contract for your approval. Subject to the contract we will pay the reinstatement fees to the bank. You will make the monthly payment to Foreclosure Consultants. The mortgage payments will be timely made even if you do not pay us on time. After two or more years, when you have reestablished a good payment history, you will buy back our interest you sold us for a 15% markup.

Yes, you hold the majority interest at all times as long as you make your payments. Our interest is only temporary.

At the conclusion of the free consultation, if you choose to proceed, there will be a $500 non-refundable application fee. If after considering our offer, you accept, then we will require $500 for a processing fee. The processing fee and $690 for the appraisal fee and title search may be financed. So $500 is the only upfront cost required.

We do not report to the credit bureaus, but your bank will report timely payments, thus improving your credit score. Your mortgage will be timely paid by us, even if you are late.

We will send a reminder. You have 10 days to pay the missed payment.

This will be available in all 50 states. We do require enough time prior to the sheriff's sale to wire the money to the bank.

It will stop and be dismissed upon the bank's receipt of reinstatement funds by wire transfer at minimum of 2 days prior to the sheriff's sale.

Yes, as long as the bank approved and you sign at least a few days prior to the sale.

We have never seen this happen.

Not a problem.

This is not a loan. This is a straight up asset sale transaction for a period of not less than one and not more than three years interest . It can be reversed, in most instances, by refinancing with a second mortgage.

After you pay us off. That is the ultimate goal.

We will rely on your stated income supported by bank statements. Credit is mainly used to evalulate whether recovery is in installments or by refinancing.

You can exit after one year by buying back the equity you sold us.

You are free to check your own mortgage balance any time.

These items will most likely be included in the reinstatement fees. If not, then funds can be advanced.