I am only 90 days late how can I stop foreclosure

Florida foreclosure

This is an actual comment from a client:

"I am now over 90 days late as of feb 1st and on jan 24th had talked with lender. I tried to come up with $4100 but unable to by jan 31st and they would not accept one payment of $2100 have tried to get refinanced but unable to due to 90 day late on credit."

Chase home mortgage is one of the lenders are readily accepts and approves a loan modification. The loan modification is where they will accept a down payment anywhere from 25 to 30% of the delinquency and the remaining portion gets added to the end of the loan. This allows you to resume your normal payments and get you caught up immediately.

Even if they do not accept the loan modification, for some reason, we can get you approved for a repayment plan. This is where they will also accept 25 to 30% of the delinquency up front and spread the remaining delinquency out over 12 to 24 months. Either way this brings your loan current immediately and stops the foreclosure.

If you are in the situation one of the reasons they may not accept anything but the full amount to catch up is if you're less than 90 days past due. Once you become more than 90 days past due many more options are available as the mortgage company becomes more reasonable. we can negotiate on their behalf with the mortgage company to reach a settlement that both parties are comfortable with. We have an excellent relationship with Chase and deal with them on a daily basis.