Replacing the existing mortgage with a new loan that may offer better terms, such as lower interest rates or longer repayment periods
Negotiating with your lender to modify the terms of your loan.
Paying the total amount owed to bring the mortgage current.
Negotiating with the lender to spread out missed payments over a period, allowing the homeowner to catch up gradually.
Temporary suspension or reduction of mortgage payments, providing relief to homeowners facing financial hardship.
Selling the property for less than the amount owed on the mortgage, with the lender’s approval.
Voluntarily sell the property before the foreclosure is completed.
Voluntarily transfer ownership of the property to the lender to satisfy the mortgage debt.
We understand the distressing impact of foreclosure on Hawaii homeowners. Our team of professionals specializes in creating tailored foreclosure solutions to suit your unique situation. By reaching out to us for a FREE consultation, you gain access to expert advice and personalized strategies designed to alleviate the burden of foreclosure. We prioritize your peace of mind and financial stability, offering comprehensive guidance every step of the way. Take the first step towards securing your home and financial future by contacting us today. We help all homeowners on Oahu, whether you are located in Honolulu, Kailua, Kaneohe, Ewa Beach, Kapolei, Waianae, Makaha, Mililani, Aiea, Pearl City, Hawaii Kai, Waimanalo or North Shore we can help.
Foreclosure is the legal process through which a lender repossesses a property when the homeowner fails to make mortgage payments.
Foreclosure happens when homeowners can’t pay their mortgages.
During foreclosure, homeowners have rights such as the right to be notified about the foreclosure process, the right to seek assistance or negotiate with the lender, and the right to contest the foreclosure in court if there are legal issues.
To stop or delay foreclosure, homeowners can explore options like loan modifications, repayment plans, or seeking assistance from foreclosure prevention programs.
The consequences of foreclosure can include damage to credit scores, loss of the property, potential deficiency judgments, and challenges in securing future loans.
Yes, you can sell your home if it’s in foreclosure, but it requires coordination with the lender and typically needs to be done before the foreclosure process is completed.
It is not required, having legal representation during foreclosure proceedings can provide valuable guidance and support in navigating the complex legal process and protecting your rights as a homeowner.
Yes, foreclosure can be stopped through various means such as loan modifications, repayment plans, or seeking assistance from foreclosure prevention programs.