Global Concepts Funding

Can you help with Foreclosures?

When someone borrows money to buy a home (or borrows money against the equity in their home) they must sign a promissory note, which is their promise to pay back the loan.
If the homeowner stops making payments (defaults) on a loan the mortgage allows the lender to force the sale of the property to recoup his money. That is called a foreclosure.
There are two methods of foreclosure:

• The first is the judicial method. This means that the lender must bring an action in a court of law and get the court’s sanction for the foreclosure and sale. This is the usual means of foreclosure under a "mortgage". In some states a mortgage may contain a "power-of-sale" just like that of a trust deed, which allows non-judicial foreclosure.
• The other method of foreclosure is non-judicial. This is the preferred method, because the property can be brought to sale much quicker than is possible in a court action. Non-judicial foreclosures are the rule with trust deeds and those mortgages that carrying a power-of-sale clause.

If the homeowner has not made up missed payments and foreclosure costs during the specified period the property is sold at auction on the courthouse steps.

We can help:

• Save some of the equity (if any) during the sale of the home
• Protect your credit record
• Protect you from the anguish and stress of the whole process

FREE , No Obligation Consultation! Contact Us today at 1-303-351-9360