If you are a homeowner that is facing a current financial hardship, are past due, or facing foreclosure, Seasoned Funding, LLC may be able to help you catch up and start repaying in order to retain your home. We understand there are several reasons you may have fallen behind on your mortgage. Whatever the reason may be, if you are willing, able, and open to working with us, there is a likely solution that will help meet you and your families goals. Take a look at some of the options below that allow you to stay in your home or avoid foreclosure. |
Forbearance PlanA forbearance agreement is a written agreement that reduces or suspends payments on your loan for a limited and specific time period. During the forbearance plan, we forbear (do not start) initiating foreclosure action and in exchange, the plan requires you to follow through with one or more of the following to prove your ability and interest to repay again;
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Deed in lieu of foreclosure (DIL)A Deed in Lieu of foreclosure occurs when you agree to sign over your property (the deed) to Seasoned Funding, LLC in lieu of a foreclosure.
This is an excellent option if you do not want to stay in your home or have already moved out. It is important to note, this is not always an option, as you cannot have any encumbrances on your title (such as a 2nd mortgage, lien, or judgement). This is a quick and easy way for you to move on from the home and start focusing on your future! |
loan modification
A modification is a structured agreement where one or more terms of your mortgage are changed to help you to bring your defaulted loan current. This can be in the form of adjusting or lowering your payments, interest rate, and/or principal balance. You get a more realistic and affordable mortgage and monthly payment while improving your credit and getting back on track as a home owner.
We also work closely with lenders who may be able to refinance your loan. There are several federal programs made for homeowners experiencing hardships that can help! |