Loss Mitigation and Foreclosure Prevention

PREVENTING FORECLOSURE ON YOUR HOME

At the Law Offices of Hollingsworth and Associates, LLC of Duluth, GA, we educate our customers on foreclosure prevention. Unfortunately, Georgia has one of the highest foreclosure rates in the U.S. Most people do not know what to do, should they fall behind on their mortgage payment or find their property value turned upside-down. Most importantly, it would help if you had a plan should you ever find yourself in this  unfortunate situation.

PREVENTING FORECLOSURE ON YOUR HOME

At the Law Offices of Hollingsworth and Associates, LLC of Duluth, GA, we educate our customers on

foreclosure prevention. Unfortunately, Georgia has one of the highest foreclosure rates in the U.S. Most people do not know what to do, should they fall behind on their mortgage payment or find their property value turned upside-down. Most importantly, it would help if you had a plan should you ever find yourself in this  unfortunate situation.

PREVENTING FORECLOSURE ON YOUR HOME

At the Law Offices of Hollingsworth and Associates, LLC of Duluth, GA, we educate our customers on

foreclosure prevention. Unfortunately, Georgia has one of the highest foreclosure rates in the U.S. Most people

do not know what to do, should they fall behind on their mortgage payment or find their property value turned

upside-down. Most importantly, it would help if you had a plan should you ever find yourself in this

unfortunate situation.

Implementing A Proven Plan - Duluth, GA - Hollingsworth & Associates LLC

Implementing a Proven Plan

We have developed a plan to address foreclosure that has proven to be highly effective. First, you must ask yourself whether the property in question is your primary residence and whether you plan on staying in your home. If the answer is yes, a loan modification may be the best course of action for you to take. If your income is too much or too little to justify a loan modification, then keeping your property may be the best option.

Options When Faced With Foreclosure

If you are not sure what course of action to take, it is essential to remember that the quicker you get rid of your property, the quicker you rid yourself of the burden of your property. If you do not, interest will grow, and property taxes will continue to accrue. Additionally, utility bills and taxes must be paid as well as any homeowner association fees. Often, the best thing to do is just give the property back to the back or consider selling the property, even if it is less than what you paid and less than the outstanding mortgage. These steps all take time. That is why it is best to determine if your best plan is to defend against foreclosure, thus allowing you to effectively buy time, giving you and your professional team enough time to sell the property. If you are falling behind on your mortgage and need to develop a plan, please call our office at 770-263-9993

Options When Faced With Foreclosure - Duluth, GA - Hollingsworth & Associates LLC
Implementing A Proven Plan - Duluth, GA - Hollingsworth & Associates LLC

Implementing a Proven Plan

We have developed a plan to address foreclosure that has proven to be highly effective. First, you must ask yourself whether the property in question is your primary residence and whether you plan on staying in your home. If the answer is yes, a loan modification may be the best course of action for you to take. If your income is too much or too little to justify a loan modification, then keeping your property may be the best option.

Options When Faced With Foreclosure

If you are not sure what course of action to take, it is essential to remember that the quicker you get rid of your property, the quicker you rid yourself of the burden of your property. If you do not, interest will grow, and property taxes will continue to accrue. Additionally, utility bills and taxes must be paid as well as any homeowner association fees. Often, the best thing to do is just give the property back to the back or consider selling the property, even if it is less than what you paid and less than the outstanding mortgage. These steps all take time. That is why it is best to determine if your best plan is to defend against foreclosure, thus allowing you to effectively buy time, giving you and your professional team enough time to sell the property. If you are falling behind on your mortgage and need to develop a plan, please call our office at 770-263-9993

Options When Faced With Foreclosure - Duluth, GA - Hollingsworth & Associates LLC
Implementing A Proven Plan - Duluth, GA - Hollingsworth & Associates LLC

Implementing a Proven Plan

We have developed a plan to address foreclosure that has proven to be highly effective. First, you must ask yourself whether the property in question is your primary residence and whether you plan on staying in your home. If the answer is yes, a loan modification may be the best course of action for you to take. If your income is too much or too little to justify a loan modification, then "short selling" your property may be the best option.

Options When Faced With Foreclosure

If you are not sure what course of action to take, it is essential to remember that the quicker you get rid of your property, the quicker you rid yourself of the burden of your property. If you do not,

interest will grow, and property taxes will continue to accrue. Additionally, utility bills and taxes must be paid as well as any homeowner association fees. Often, the best thing to do is just sell the property, even if it is for less than what you paid or less than the outstanding mortgage -- this is what's known as a "short sell." This process takes considerable time. That is why it is beneficial to determine if your best option is to defend against foreclosure, thus allowing you to effectively buy time, giving you and your professional team enough time to sell the property. If you are falling behind on your mortgage and need to develop a plan, please call our office at 770-263-9993

Options When Faced With Foreclosure - Duluth, GA - Hollingsworth & Associates LLC
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