Foreclosure Help Available

If you are having issues due to circumstances beyond your control you may be eligible for help if you are possibly facing Foreclosure. There are some eligibility criteria you must meet: Must be a "Responsible Borrower", A Responsible Borrower is a borrower who is facing possible Foreclosure due to circumstances beyond his/her control, ie, unemployment, temporary loss or reduction of income, death of a spouse, catastrophic medical expenses, and/or divorce, in addition the borrower may have to  satisfy other certain criteria. First Mortgage must be a fixed term, fully amortizing and the original loan amount must be within GSE limits, ($729,750). The Borrower must be the Owner Occupant as the primary residence located in South Carolina. Other states may also have a program of this type. There are other eligibility criteria depending on the program you are applying for. There are three programs available, Monthly Payment Assistance, Direct Loan Assistance or Property Disposition Assistance. In the next Blog we will discuss each of these Programs in Detail. Need quicker information just let me know. Thanks