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Attention Property Owners, Realtors and Bankers!
Welcome to Marco Island Real Estate Investor website - www.MarcoInvestor.com.
From: Joe Malek
Dear Friend,
My name is Joe Malek and I created this website to help homeowners who are about to miss a mortgage payment, who already missed their mortgage payments and are facing loosing their home soon in foreclosure auction.
This website is also for mortgage companies and banks who had to take back a property because the homeowner could not keep up with their mortgage payments.
If you are a homeowner who received a pre-foreclosure notice then I know you must be going through a tough time with your house and I want to help you!!
You see the problem is that many homeowners don’t know all of their options and my goal is to help you by going over these options so you don’t lose your home in a foreclosure auction.
First thing you need to do is to ask yourself if you can afford to stay in your house or not. You’ll need to do a financial review of your income, expenses, assets and liabilities to see if you can still afford it.
If you can afford it then try to workout an agreement between you and your current lender to reinstate your delinquent loan through the payment of a lump sum or a schedule of payments over a period of time.
If you got behind in your payments because you lost your job and now you are working again, your lender may allow you to pay the money back through installment payments over three to six months.
Your lender may also allow you to pay a reduced monthly payment until you have the opportunity to get back on your feet and pay any remaining arrears in one lump sum.
This is called forbearance and it may be an oral or written agreement.
If you are not able to work out forbearance agreement then try a loan modification. A loan modification is a change in the terms of your current mortgage loan including decreasing the interest rate and re-amortizing your remaining balance resulting in lower monthly payments.
Generally, your lender will consider a loan modification when your income has been decreased and you are unable to make your mortgage payments on the existing terms, but you will be able to keep the loan current after the loan modification.
Now what if you are not able to workout an agreement with your lender?
Well, you do have more options…
Mortgage refinancing is a good option when a new lender would allow you to refinance existing mortgage, wrap in any late payments and fees, and cash out part of the equity in your home so you can regain control of your deteriorating financial situation.
But that’s easier said than done.
This option may be only work if you had an outstanding credit history in the past and you can prove that you can support the new mortgage payment.
If you are not able to refinance then consider a second mortgage loan to make up any back payments, late fees and other charges necessary to reinstate your loan.
You will be required to make an additional mortgage payment to cover the principal and interest payments on the second loan.
Of course you have other options which include working out a short sale with your banker or selling your home or a bankruptcy but that should be your last option!
I could help you to avoid loosing your home before it’s too late because I buy real estate.
If you have home equity (home value less mortgage balance = home equity) then we could workout an agreement where I would purchase your home and help you to avoid foreclosure auction.
All you need to do is to complete the short form at the bottom of this page and I will get in touch with you quickly.
Now if you are a banker or mortgage company who had to foreclose on a property then I urge you to contact me too by completing the form below because I buy properties and I could take that property off your hands.
If you are planning to sell in the near future, let me know about your property before you list with your real estate agent because I just might be able to save you a commission and the anxiety of waiting for the right buyer to come along.
Sincerely,
Joe Malek
Marco Island Real Estate Investor
Ph/Fax: 239-236-0987
P.S. I buy Marco Island Real Estate, Naples Real Estate, Miami Real Estate, Florida Keys Real Estate: Marco Island Homes, Marco Island Vacation Homes, Marco Island Waterfront Homes, Marco Island Condos, Marco Island Vacation Rentals but I will consider any property anywhere in United States and Canada!
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