Partial Claims
partial claims
How We
Can Help
Homeowners dealing with foreclosure might find a Partial Claim a valuable option. This FHA-backed program allows borrowers to receive an interest-free loan from the U.S. Department of Housing and Urban Development (HUD) to cover missed mortgage payments. This loan is subordinate to the mortgage and only needs repayment when the home is sold, refinanced, or the mortgage is paid off. Our Foreclosure Assistance Managers specializes in guiding homeowners through the complexities of the Partial Claim process, helping them secure this aid to avoid foreclosure and maintain their homeownership.
Understanding the Process
What Exactly is a Partial Claims
Why Consider A Partial Claims
While Partial Claims are commonly associated with FHA borrowers, it’s essential to note that similar opportunities exist for Conventional and VA borrowers under different program names. These initiatives, tailored to each loan type, provide a lifeline for homeowners facing financial hardships, allowing them to access interest-free loans to cover missed mortgage payments.
This broader application underscores the adaptability of such programs, ensuring that a diverse range of homeowners, regardless of loan type, can explore these options to avoid foreclosure and secure their homes.
What are the Challenges & Benefits
A partial claim offers a way to defer mortgage delinquency and avoid foreclosure by advancing funds. It’s beneficial for reinstating loans and potentially reducing payments. However, credit may be affected during the trial period, and specific eligibility criteria must be met.
It’s definitely a helpful tool for homeowners aiming to retain their homes under challenging financial circumstances, though it comes with certain considerations regarding credit and meeting program requirements. For more detailed information and inquire about eligibility, Schedule A Free, No-Obligation Consultation with us below.
What are the Challenges & Benefits
A partial claim offers a way to defer mortgage delinquency and avoid foreclosure by advancing funds. It’s beneficial for reinstating loans and potentially reducing payments. However, credit may be affected during the trial period, and specific eligibility criteria must be met.
It’s definitely a helpful tool for homeowners aiming to retain their homes under challenging financial circumstances, though it comes with certain considerations regarding credit and meeting program requirements. For more detailed information and inquire about eligibility, Schedule A Free, No-Obligation Consultation with us below.
Believe in yourself and all that you are. Know that there is something inside you that is greater than any obstacle."
Christian D. Larson
how to get started
simple plan of action
Getting started is easy! Simply Schedule a Consultation with one of our experienced counselors. During this meeting, we will take the time to understand your specific situation, answer any questions you may have, and recommend the a few courses of action that you can take help you save your home. We offer personalized guidance and support throughout the process, working with you to execute the whichever option you believe is best for you and your family. Don’t wait! Time is of the essence, so it’s important to take the first step toward saving your home as soon you are able.
01
schedule a consultation
Schedule your free consultation today to learn how we can help you save your home.
02
Discuss Your Options
We’ll review your situation and help you discover the best options available for you and your family.
03
Execute Your Plan
We’ll work with you every step of the way to execute the plan you choose and save your home.
we're passionate about helping your family get the help you deserve
Contact us today for a Free, No-Obligation Consultation and take the first step towards Saving Your Home.
we are here to help
our foreclosure services Include:
Personalized guidance, support, and solutions to navigate the foreclosure process and find the best solutions to save your home and regain your financial stability.
Options We Most Frequently Assist With
- Loan modifications: Negotiate new loan terms with lender
- Forbearances: Temporarily reduce or suspend payments
- Bankruptcies: Submit Chapter 13 Bankruptcies
- Home Sales: Investor Sales, Retail Sales, Short Sales