Avoid Foreclosure of your Door County Property

 

Don't Let Time Run Out On You.

 

I am happy and proud to let you know that I have earned the Certified and Distressed Properties Expert designation (CDPE).  

While it may not seem like it now, there will come a time where your current financial troubles will pass.  Call me confidentially at 920-823-2219 to explore your options and see how we might avoid forclosure, save your credit and relieve the stress you and your family are experiencing. 

 

Let Me Throw You A Lifeline.

I am happy and proud to let you know that I have earned the Certified and Distressed Properties Expert designation (CDPE).  

While it may not seem like it now, there will come a time where your current financial troubles will pass. 
Call me confidentially at 920-823-2219 to to explore your options and see how we might avoid foreclosure,
save your credit and relieve the stress you and your family are experiencing.

You Are Not Alone.

Chances are, you or someone you know is facing the possibility of foreclosure. But you need to understand that you are not alone.

Today, nearly 1 out of every 6 homeowners in America is behind on mortgage payments. These are tough and frustrating times.

Now more than ever, it's important to identify your options. Foreclosure can be avoided, your credit can be saved,
and your financial future can be salvaged.

Through my experience handling distressed properties I've found that homeowners today have more questions than answers about their
circumstances. I have created this site to help you understand the possible solutions to foreclosure, as well as provide a detailed explanation
of short sales, which may be the best course of action for some homeowners.

You may also have noticed that I'm offering you a FREE Report to explain your options and help you decide on a course of action.
The idea of losing a home can be overwhelming, and I feel it is vital for you to have all the facts necessary to make an informed decision.

As an agent with the CDPE® Designation, I have a strong and unique appreciation of the factors affecting the market, and know
that there are options available to you.

If you would like to know more about your options, please call me at 920-823-2219, or email me now.

I am here to help … in any way I can...and I offer the hope of a dignified solution.

 

Avoiding Mortgage Modification Fraud

I Am An Agent Against Mortgage Fraud!

The last thing struggling homeowners need is to be victimized by fraud. Sadly, some people are praying on those who need help the most.

Today, the real estate industry is the newest, biggest target for predatory schemes. In fact, the U.S. Attorney General, Eric Holder, stated that
mortgage fraud cases are 400 percent higher than they were five years ago.

With nearly 1 in 6 homeowners unable to pay their mortgages, understand that you are not alone. Knowing your legitimate
foreclosure-avoidance options is the best way to fight this terrible trend.

The report on this site will tell you how to avoid mortgage fraud schemes, as well as what solutions are available to you.
Email me now and request information avoiding mortgage modification fraud.

Understand Your Options And Learn What You Can Do Next.

You are to be congratulated for your courage and dedication to finding the best solution for your circumstances.
Now I want you to have all the information you need to confidently make decisions about your financial future.

Facing the possibility of foreclosure is a challenging situation … for anyone! And today, homeowners are finding that
with the right information and an informed agent helping them through the process, they are able to find solutions that work for them and their families.

I have made this report absolutely FREE of charge to you, so you can act quickly to identify options that work for you.
Just enter your information and email me now and request the report, Understand Your Options.

In your situation, the worst thing you can do is wait. Get this vital information now and begin the process of
moving on to better, more certain times.

What is a CDPE?

When your roofing needs to be replaced, you consult a roofing expert. When there's a problem with your computer,
you consult a technician who understands the issues of your particular model. And when a loved one becomes sick,
you seek answers from medical professionals specifically trained in that particular illness. Similarly, in this current
economic crisis, millions of homeowners facing financial hardship and possible foreclosure action are requesting the
help of agents with the Certified Distressed Property Expert® (CDPE) designation. A CDPE is a real estate professional
with specific understanding of the complex issues that confront homeowners in distress. Through comprehensive
training and market experience, CDPEs are able to provide real solutions for homeowners facing hardships in today's market.

The prospect of foreclosure can be financially and emotionally devastating, and often homeowners proceed without
guidance of any kind. CDPEs believe that in almost all cases, the best course of action for a homeowner in distress is
to speak with a well-informed, licensed real estate professional. They have the tools necessary to help homeowners
find the best solution for their particular situation. While enduring financial difficulties are challenging for any family,
the process of finding a qualified real estate professional should not be. Lisa Bieri has achieved the CDPE designation,
ensuring you deal with a professional trained to address your specific needs. CDPEs don't merely assist in selling properties,
they serve and help save their clients in need.

 
Foreclosure Solutions

The current U.S. housing market and national financial crisis has caused untold stress and heartache for many American families.
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided.
The options available to Door County-area residents for foreclosure are many.
Following is a brief explanation of these solutions, including their benefits and drawbacks:

Reinstatement
A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult.
The homeowner simply requests the total amount owed to the mortgage company to date and pays it.
This solution does not require the lender's approval and will 'reinstate' a mortgage up to the day before the final foreclosure sale.

• Benefit: Does not require the mortgage company or lender's approval.
• Drawback: Requires that a homeowner be able to pay all back payments, fines and fees.

Forbearance or Repayment Plan
A forbearance or repayment plan involves the homeowner negotiating with the mortgage company to allow them to
repay back payments over a period of time. The homeowner typically makes their current mortgage payment in addition
to a portion of the back payments they owe.

• Benefit: Allows the homeowner to make back payments over time.
• Drawback: Requires that a homeowner be in a financial position to pay not only their current mortgage,
  but also a portion of the back payments owed. Some mortgage companies will require a homeowner to 'qualify' for forbearance.

Mortgage Modification
A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal
balance of the loan, the term of the loan, or any combination of these. These typically result in a lower payment to the
homeowner and a more affordable mortgage.

• Benefit: Reduces the payment a homeowner is required to make on a monthly basis and may reduce the
    principal balance of the loan
• Drawback: Requires that a homeowner 'qualify' for the new payment and will often require full documentation. Lender has to be actively pursuing modifications.

Rent the Property
A homeowner who has a mortgage payment low enough that market rent will allow it to be paid, is able to convert their
property to a rental and use the rental income to pay the mortgage.

• Benefit: Allows homeowner to keep property indefinitely.
• Drawback: The issues that can arise with a rental property are many, and rent often does not cover the full
    cost of property ownership and maintenance.

Deed in Lieu of Foreclosure
Also known as a 'friendly foreclosure', a deed in lieu allows the homeowner to return the property to the lender rather
than go through the foreclosure process. Lender approval is required for this option, and the homeowner must also vacate the property.

• Benefit: Many times in a successful deed in lieu, the lender will forego their right to a deficiency judgment.
• Drawback: Requires that a homeowner vacate the property, and a deed in lieu may be reported to credit bureaus as a foreclosure.

Bankruptcy
Many have considered and marketed bankruptcy as a 'foreclosure solution,' but this is only true in some states and situations.
If the homeowner has non-mortgage debts that cause a shortfall of paying their mortgage payments and a personal bankruptcy
will eliminate these debts, this may be a viable solution.

• Benefit: Does not require lender approval.
• Drawback: If a homeowner cannot afford their mortgage payment, a bankruptcy will only stall—not stop—the foreclosure process. 
    Bankruptcy can be costly, is damaging to credit scores, and can only be declared once every seven years.

Refinance
If a homeowner has sufficient equity in their property and their credit is still in good standing, they may be able to refinance their mortgage.

• Benefit: In some cases, this will lower payments.
• Drawback: In today's market, a refinance will almost always raise mortgage payments, and is an expensive process.

Servicemembers Civil Relief Act (military personnel only)
If a member of the military is experiencing financial distress due to deployment, and that person can show that their debt was entered into
prior to deployment, they may qualify for relief under the Servicemembers Civil Relief Act. The American Bar Association has a network
of attorneys that will work with servicemembers in relation to qualifying for this relief.

• Benefit: If qualified, this will lower payments on all consumer debt in addition to mortgage payments.
• Drawback: Must be active military to qualify.

Sell the Property
Homeowners with sufficient equity can list their property with a qualified agent that understands the foreclosure
process in their area.

• Benefit: Allows homeowner to avoid foreclosure and harvest some of their equity.
• Drawback: In many cases today, homeowners do not have sufficient equity to sell their property without negotiating a
    short sale (see next solution).

Short Sale - Request My Book, "Should I Short Sale My Home"
If a homeowner owes more on their property than it is currently worth, then they can hire a qualified real estate agent to market
and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the
market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the
financial stability of the homeowner between the date of the home purchase and the date of the short sale negotiation.
Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced
or unplanned relocation, and more. ·       Benefit: A short sale allows the homeowner to avoid foreclosure and salvage some of their credit rating.
  This also keeps foreclosure off the individual's public record, and in many cases will allow the homeowner to
  avoid a deficiency judgment.
  Borrower may qualify for another mortgage in as little as 24 months (as opposed to five years for a foreclosure). ·       Drawback: Short sales can be a trying process in which a homeowner is best served by contracting with a qualified
  real estate agent to guide the way. This represents only a summary of some of the solutions available to homeowners facing foreclosure. Please call me today at 
920-823-2219 for a free confidential evaluation of your individual situation, property value, and possible options.

 

Short Sales Explained

A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth.
In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes,
banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate
policy and the Obama administration have also improved the chances of getting a short sale approved.

But to be technical, here's a more official definition:

• A homeowner is 'short' when the amount owed on his/her property is higher than current market value.
• A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies)
    to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short'
    of the total value of the mortgage. 

For homeowners to qualify for a short sale, they must fall into any or all of the following circumstances:

• Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
• Monthly Income Shortfall – In other words: "You have more month than money." A lender will want to see that you cannot
    afford, or soon will not be able to afford your mortgage.
• Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage. 

This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. I hold the CDPE®
Designation and am ready to identify all possible options and, when possible, assist in the quick execution of a short sale transaction.

If you have questions or feel you may qualify for a short sale, please contact me for a free consultation.

Understanding your options now could mean all the difference in the world.

 

Walking Away Is NOT The Answer

You may have heard that a “strategic default” can be an appropriate and even beneficial reaction to an upside-down mortgage
or impending foreclosure. While this idea is widespread, the truth is that default is never an easy road to choose, and rarely ever strategic.

Unfortunately, the ramifications of a “strategic default” are rarely explained, leaving many homeowners stranded on an island of misinformation.
To assist you, I’ve prepared a free report outlining the myths and misrepresentations of strategic defaults.  
Email me now and request the free report, The Myths and Misrepresentations of Strategic Default.

Your First Steps

In today’s market, 1 in 7 homeowners is having trouble paying the mortgage. More than 70% of these homeowners proceed
without seeking assistance or getting the facts. Many do not even realize that foreclosure is a process, and that there is time
to make decisions that may result in a better outcome.

You are not alone. Millions of other homeowners nationwide are in the same circumstances. To assist you, I’ve prepared a
free report outlining the first steps a homeowner should take when facing a foreclosure.

Email me now for your free report, Your First Steps.  Short Sale & Deed-In-Lieu Contrary to what you may have heard, lenders actually want to avoid foreclosure wherever possible.
That’s why they’re accepting more short sale and deed-in-lieu transactions everyday in an effort to eliminate
unnecessary foreclosures. This is great news for homeowners facing financial distress. To help you understand more about these two options, I’ve prepared a free report just for you, called
‘Short Sale & Deed-in-Lieu: Dignified Solutions.’ To receive your free report, please email me now.   I hope you’ll review these options carefully and pass this information along to those who may need it.
I commend your efforts to finding a solution to the difficult financial situation that you or someone you
know is currently facing. Providing the best advice and information in your time of need is my priority.

Let me help you evaluate your options and get you back on track to a secure financial future.

The Truth About Mortgage Modifications

The decisions you make as a homeowner today hold a profound impact on your financial future.
However, it is important to safeguard yourself from misinformation and fraud.
Get the facts regarding your situation and always have a contingency plan. For those who qualify, a mortgage modification is the ideal remedy to their financial distress.
I’ve prepared a FREE report on the truth about mortgage modifications to guide you through this
important process, email me now and request this valuable information. 
And feel free to pass it along to anyone who may need it. One homeowner lost to foreclosure is one too many! As a Certified Distressed Property Expert, I have training and experience in providing solutions to
homeowners facing financial hardship. Together, we can formulate a plan to get back on track. If you have any unanswered questions, or your circumstances are urgent, please contact me now at 920-823-2219.

7 Short Sale Myths

There are millions of homeowners just like you who are looking for answers and don’t know what to do. You’re not alone
and you’re in the right place. As a Certified Distressed Property Expert, I have training and experience in providing
solutions to homeowners facing financial hardship. Despite my best efforts, there’s still an overwhelming amount of
misinformation about the options available, especially short sales.

To give you a better idea of the short sale option, and to set straight some of the myths you may have heard,
I’ve prepared a free report just for you.  This report will clarify the following myths:

• The Bank Would Rather Foreclose Than Bother With A Short Sale
• You Must Be Behind On Your Mortgage To Negotiate A Short Sale
• There Is Not Enough Time To Negotiate A Short Sale Before My Foreclosure
• Listing My Home As A Short Sale Is An Embarrassment
• Short Sales Are Impossible And Never Get Approved
• Banks Are Waiting On A Bailout And Not Accepting Short Sales
• Buyers Are Not Interested In Short Sale Properties

These ideas are potentially harmful to homeowners seeking real solutions. I hope you’ll review this information for yourself or
share it with a homeowner in need.

Foreclosure Vs. Short Sale

As a Certified Distressed Property Expert, I have devoted my career to helping homeowners who face difficult situations,
taking them from uncertainty to resolution. Lately I've found a lot of conflicting information going around, especially
concerning short sales, which you should know about.

A short sale occurs when a lender accepts the selling price of a home, even if it is less than the full amount owed on the mortgage.
For particular homeowners, this can be the best option to foreclosure.  Yet, I still hear people suggest that short
sales are basically the same as foreclosure.

This is absolutely wrong!

You need to have the CORRECT information. That’s why I'm glad you're here. To help, I’ve prepared a free report—just for you—
that compares the realities of foreclosures and short sales side-by-side.

If you have any additional concerns about this issue, or your circumstances are urgent, please feel free to give me a call at
920-823-2219. I can help you evaluate your options and get you back on track to a secure financial future.

Lisa Bieri 920-823-2219

Options and Solutions

Thank you for visiting this site and taking the first step toward finding answers. I appreciate what it has taken for you to come here,
and commend your efforts to get the facts about your situation. The current real estate environment can be frustrating, with
misinformation and conflicting plans for how to proceed.

As a real estate agent, what I often see in troubled homeowners is a belief that they are alone with their challenges. Regrettably,
over 70% of homeowners in foreclosure proceed without ANY visible assistance. This is not acceptable for the communities I serve.

That's why I've developed this site: to ensure you get the valuable resources that can reduce your financial strain and change your life
for the better. As a CDPE I know the options for homeowners in foreclosure or delinquent on their mortgages, and I can send you a
report detailing this information, prepared just for you.

Email me now and request my report, Options for Homeowners in Foreclosure.I hope that you will review this information carefully, so that your next steps are the right steps toward a real solution.

Let me help you evaluate your options and get back on track to a solid, stable future

Frequently Asked Questions

It is understandable to have questions when coping with a new and challenging situation, especially when a home is at stake.
The reality is that millions of homeowners across the country are finding out that they have more questions than answers.
We hope that the following information will help you better understand the circumstances. If you have further questions not
addressed below, or would like additional information resources, feel free to contact me now by calling
920-823-2219. 

Do I qualify for a short sale?

The qualifications for a short sale include any or all of the following:

1.   Financial Hardship – There is a situation causing you to have trouble affording your mortgage.

2.   Monthly Income Shortfall – In other words: “You have more month than money.” A lender will want to see that you
cannot afford, or soon will not be able to afford your mortgage.

3.   Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

What is a mortgage modification?

A mortgage modification is a process through which your mortgage lender changes any or all of the following:

• Your interest rate
• Your principal balance (through a reduction)
• Your loan terms (example: from an adjustable to a fixed rate)

This process can allow borrowers to stay in their property when they can no longer afford their current mortgage payments.

Why would a lender modify my mortgage?

Lenders have realized that in some cases it is better for them to work with current borrowers to lower payments or possibly improve
terms in order to keep homeowners in their properties. The average foreclosure can cost a lender from 35-50% of the value of a property,
so keeping borrowers in their homes is a good option for everyone.

What do I need to qualify for a mortgage modification?

According to the Making Home Affordable Web site (www.MakingHomeAffordable.gov), you will need the following information
for your lender to consider a modification:

• Information about your first mortgage, such as your monthly mortgage statement
• Information about any second mortgage or home equity line of credit on the house
• Account balances and minimum monthly payments due on all of your credit cards
• Account balances and monthly payments on all your other debts such as student loans and car loans
• Your most recent income tax return
• Information about your savings and other assets
• Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or
  documentation of income you receive from other sources

If applicable, it may also be helpful to have a letter describing any circumstances that caused your income to reduce or expenses to increase
(job loss, divorce, illness, etc.)

How do I qualify for a mortgage modification?

The first call you make should be to your lender, have the information above ready to discuss with them and call your customer service
line to ask them what options you have available. If the person you speak with does not understand what you are asking, you can ask to
be referred to one of the following departments (different lenders have different names for these departments):

• Loss Mitigation
• Mortgage Modification
• H.O.P.E.

Prior to contacting your mortgage lender you can quickly complete an eligibility test at www.MakingHomeAffordable.gov.
This test will let you know if you are eligible for a modification through the government-sponsored Home Affordability and Stability Program
(HASP). For a list of mortgage lenders and servicers, visit www.HopeNow.org.

What if I don’t qualify for a mortgage modification,
can’t afford my home, and owe more than it’s worth?

You are not alone and foreclosure is not the only option. If your mortgage lender or servicer will not work with
you to reduce your payment, you may want to consider a short sale. Agents like me, with the Certified Distressed
Property Expert® Designation, have undergone extensive training in how to process and negotiate short sales.
A short sale allows you to sell your home for less than what you owe and avoid foreclosure. Speak to your market
expert to see if you may qualify.

What is a Home Affordable Refinance?

If Fannie Mae or Freddie Mac owns your mortgage, you may be eligible for a Home Affordable Refinance.
This will allow you to refinance your home and often lower your payments.

What are the qualifications for a Home Affordable Refinance?

According to the resources released by the government, following are a list of qualifications:

• You are the owner occupant of a one- to four-unit home
• The loan on your property is owned or securitized by Fannie Mae or Freddie Mac (see Useful Links)
• At the time you apply, you are current on your mortgage payments (you haven’t been more than 30 days
  late on your mortgage payment in the last 12 months, or if you have had the loan for less than 12 months, you have never missed a payment)
• You believe that the amount you owe on your first mortgage is about the same or slightly less than the current value of your house
• You have income sufficient to support the new mortgage payments, and the refinance improves the long-term affordability or stability of your loan