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Foreclosure solution 3


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Foreclosure solution 3

  1. 1. OCEANFIRST FORECLOSURE SOLUTION<br />Solving your mortgage debt.<br />
  2. 2. The Problem<br />Negative Equity<br />DEFICIENCY<br />Mortgage Debt<br />Property Value<br />Deficiency Judgment<br /><ul><li>Ruin Credit for years
  3. 3. Personal Liability
  4. 4. Debt</li></li></ul><li>The Solutions<br /><ul><li>Loan Modification
  5. 5. Foreclosure Defense
  6. 6. Deed in Lieu
  7. 7. Short-sale</li></li></ul><li>Loan Modification<br />Mortgage<br />Debt<br />Negative <br />Equity<br />DEFICIENCY<br />Property is still worth less than the Mortgage<br />Payments<br />Property<br />Value<br />Deficiency Judgment<br />
  8. 8. Foreclosure Defense<br />Mortgage<br />Debt<br />DEFICIENCY<br />Attorney Hired to make sure your rights are being kept<br />The Foreclosure process is delayed but at some point other venues must be pursued to avoid the deficiency judgment<br />Property<br />Value<br />Deficiency Judgment<br />
  9. 9. Deed en Lieu<br />Mortgage<br />Debt<br />DEFICIENCY<br />Turn property over to the Lender<br />The lender might still seek a judgment against you for the deficiency once the property is sold<br />Property<br />Value<br />Deficiency Judgment<br />
  10. 10. Regular Short-Sale<br />Realtor<br />Mortgage<br />Debt<br />DEFICIENCY<br />Sell property for current market value<br />The lender might still seek a judgment against you for the deficiency<br />Property<br />Value<br />Deficiency Judgment<br />
  11. 11. OCEANFIRST Short-Sale<br />DEFICIENCY<br />Attorney defends you against foreclosure and gains leverage on your lender so that the deficiency may be released.<br />OceanFirst uses its experience and extensive database to sell the property<br />Property<br />Value<br />RELEASE FROM DEFICIENCY<br />
  12. 12. Take Action<br />Call now and get all your questions answered<br />305 532-5400<br /><br />