We are proud to announce another successful foreclosure resolution for one of our valued clients that avoided them being foreclosed from their home. The client came to us in a real financial bind. He allowed his mortgage to fall behind while focusing on a tough separation and subsequent divorce. As we often see with clients that contact us, once a bank files a Statement of Claim potential lenders scatter and no credible bank is left to refinance the loan in default in order to pay out the arrears. Solving these problems requires a thorough assessment of all resources currently on hand, due diligence as to exactly what stage the foreclosure is at, the planning of a solution, and then a step by step guided implementation of the plan until the foreclosure ceases. In this situation, we were able to assist this client by sourcing and securing a secondary loan in the amount of $25,000. This amount was sufficient to reinstate the 1st mortgage into good standing. In addition, we were also able to eliminate a Writ that a previous creditor had placed on his title.
If you are encountering a difficult situation that is impacting your property, please do not hesitate to get the help you need to reveal the options you may still have available to you.