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About Zetrust
We will do all of the negotiating for you, so you can take a breather in these troubling times.
ZeTrust is here to help you. Our teams of professional loss mitigation specialists have only one concern on their mind: Stop foreclosure. Please be assured we will work with you until some type of resolution has been solved. Our experience and relationships with lenders and banks allow us the fortunate opportunity of having extensive knowledge of the foreclosure process. Together we will save your home. Contact us now!
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888-29-ZETRU
(888-299-3878)
Frequently Asked Questions
Q:What is foreclosure?
A:Foreclosure is a process that is initiated by a lender to claim property that they financed. Tthe process is put into motion by the lender because the homeowner has stopped paying his/her monthly payments. The lender then takes possession of the property and the homeowner has to forfeit not only the property but also any equity that might have been accrued.
Q:What is loss mitigation?
A:Loss mitigation is a set of tools that the lender uses to stop foreclosure. Which could include: partial claim , loan modification, mortgage refinance, special forbearance agreement , pre-foreclosure sale and Deed-in lieu of foreclosure. An agreement between the lender and homeowner to repay past due payments within an agreed to period of time is the goal of loss mitigation. Any of the previously mentioned tools or combination of each can be used by the lender to enforce the agreement.
Q:What is special forbearance?
A:An agreement between the mortgagor and mortgagee to repay past due payments within an agreed to period of time, making sure that the new agreement is reasonable fot the mortgagee to pay.
Q:I have been contacted by some companies offering to buy my home. Is this good? What can ZeTrust offer me that is different?
A:There are a lot of dishonest companies that are ready to jump at the opportunity to buy your home at a discount. We suggest you be very careful when considering this option. It depends on your situation, but you should have other options available to you.
Q:What can loss mitigation do for me?
A:Loss mitigation allows you to stay in their home and it also protects their credit history.
Q:How can I stop foreclosure?
A:The first and most important step is to contact your lender. It is the most powerful deterrent to stop foreclosure.
Q:When faced with foreclosure, how much time do I have?
A:Not much; If your lender has already started the foreclosure process. Time is not your friend when it comes to foreclosure. There is a timeline associated with the foreclosure process, but when it comes to the possibility of losing your family home and the equity you have accrued, you cannot act quickly enough.
Q:Can I stop home foreclosure by filing for bankruptcy?
A:Yes! You can prevent foreclosure by filing for bankruptcy, but at what cost? Frequently the monthly mortgage commitment under the terms of the bankruptcy is often higher than your previous commitment. Now you are not only faced with a higher monthly payment, but if you default you will have a bankruptcy and a foreclosure on your credit rating! Consider this only as a last resort.
Q:How much do you charge to prevent foreclosure?
A:Each individual case is unique. When we offer you foreclosure assistance, you have the option at that time to decide if you would like to proceed. Our loss mitigation specialist will offer you free foreclosure information.
Q:Can the bank just come and kick me out of my house?
A:No. Only an order of the court can force you to leave your home. Ultimately you may be evicted but there are procedures within the court system that the mortgage holder must follow first for the foreclosure and then another set for the eviction.
Q:Can you help me even if I have talked to my lender and they will not work with me on foreclosure prevention?
A:In most cases we can. Don't hesitate to contact us and share your foreclosure information with our mitigation specialist.