Linda M. Pillard, a CDPE, offers guidance for homeowners struggling with mortgage payments, emphasizing the importance of taking proactive steps to avoid foreclosure. Key steps include contacting an educated agent, organizing necessary documents, discussing options with lenders, and understanding various alternatives such as short sales and mortgage modifications. Pillard encourages homeowners to reach out for assistance and provides her contact information for further support.

1. I’m Linda M Pillard, CDPE, and I’m here to help you.

2. Chances are you or someone you know is having trouble making the mortgage payment each month.If this is your situation, you are not alone.MILLIONS of homeowners are upside-down on the mortgageSo where do you start?

3. Step 1: Take ActionCONGRATULATIONS! You’ve already succeeded in taking your first step by watching this seminarYou are proactive about finding a solution and the answers to many of your questions are right here

4. Step 2: Contact an Educated AgentBE WARY OF RESCUE SCAMS!Mediators that promise a quick resolution in exchange for upfront fees should be reportedA reputable counselor will not guarantee to stop the foreclosure processLook for the CDPE logo

5. Step 3: Organize Your Personal Documents & InformationExpedite the process! No matter which option you choose, the process can be expedited by assembling these materials:Checking account statementsRecent mortgage statementsSavings account statementsYour last two paycheck stubsYour past two tax returnsA letter of hardshipI can assist you in this process!

6. Step 4: Contact Your LenderLenders want to avoid foreclosure!Lenders are not in real estate, do not want to take ownership of a home and don’t want houses to sit idle on the marketContact your lender as soon as possible to discuss the solutions to YOUR circumstancesKeep your agent informed

7. Step 5: Understand ALL Your OptionsAs a CDPE-designated agent, I have the most current information on the options available to youHere’s a brief summary of a few options

8. SHORT SALEA short sale is a dignified alternative to foreclosure, allowing a homeowner who owes more on their property than it is currently worth, to sell their property at a price lower than what is owed.

9. DEED-IN-LIEUA deed-in-lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process

10. FOREBEARANCE or REPAYMENTThese options involve the homeowner negotiating with the mortgage company to allow them to repay back-payments over a period of time.

11. MORTGAGE MODIFICATIONA 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, for a more affordable mortgage.

12. RENTING THE PROPERTYRenting can also be an option, if a homeowner has a mortgage payment low enough, they can convert their property to a rental and use the rental income to pay the mortgage.

13. BANKRUPTCYBankruptcy is only a ‘foreclosure solution’ in some states and situations, but still remains a challenging financial decision.

14. MORTGAGE REFINANCEA mortgage refinance can be an option if a homeowner has sufficient equity in their property and their credit is still in good standing.

15. SERVICEMEMBERS CIVIL RELIEF ACTThis act was implemented to help members of the military experiencing financial distress due to deployment.Contact me for more information.

16. SALE OF PROPERTYSelling your property can be accomplished if a homeowner has sufficient equity and a qualified agent who understands the current market. If you don’t have equity, a short sale may be the best option.

17. Step 6: Action!Obtain a copy of my report, “Your First Steps to Avoid Foreclosure” and pass it along to anyone who may benefit from this informationContact me today and let’s get you back on the path to financial security

18. In ClosingI believe every homeowner deserves the best information and education to avoid losing a home to foreclosure and damaging credit for years to comeAs a CDPE, I have been trained to assist homeowners in difficult situations

19. Don’t Hesitate To Contact MeLinda M PillardNational Real Estate296 W. Main St., Woodland, CA 95695Http://www.lindapillardhomes.comHttp://shortsaleconsultantnow.com530.713.6121