Private and Hard Money Lenders in CA |
Call us at: (619) 846-1550 - For Hard Money Loans in CA |
[
Home |
Apply |
Loan Types |
Faqs |
Investors |
Contact |
Resources ]
SB1137 and Avoiding ForeclosureHome Retention Programs - Programs that may be available to qualified borrowers with lenders' approval.Options that may be available to borrowers who are unable to afford their mortgage payments and who wish to avoid foreclosure, and instructions on how to explore those options:
The borrowers should collect and be prepared to present financial documents to the beneficiary or authorized agent when discussing options for avoiding foreclosure:
Note: If borrower is represented by an Agent or Representative, then borrower needs to complete the Agent Authorization Form. Please contact us to obtain this form. For borrowers who wish to discuss options for avoiding foreclosure with their mortgagee, beneficiary, or authorized agent, call (619) 846-1550. Business hours are 10 a.m. to 5 p.m. PST, Monday through Friday. Please be advised that we are attempting to collect a debt and any information obtained will be used for that purpose. The state Rosenthal Fair Debt Collection Practices Act and the federal Fair Debt Collection Practices Act require that, except under unusual circumstances, collectors may not contact you before 8 a.m. or after 9 p.m. They may not harass you by using threats of violence or arrest or by using obscene language. Collectors may not use false or misleading statements or call you at work if they know or have reason to know that you may not receive personal calls at work. For the most part, collectors may not tell another person, other than your attorney or spouse, about your debt. Collectors may contact another person to confirm your location or enforce a judgment. For more information about debt collection activities, you may contact the Federal Trade Commission at 1-877-FTC-HELP or www.ftc.gov. Toll free number made available by the United States Department of Housing and Urban Development (HUD) to find a HUD certified housing counseling agency is 1-800-569-4287 or TTY/TDD 1-800-877-8339. You may find other useful consumer information on foreclosure alternatives on the HUD website at http://www.hud.gov/foreclosure/ including an article on “Tips for Avoiding Foreclosure”. Private and Hard Money Lenders in California PO Box 91472, San Diego, CA 92169 jmac@TheHardMoneyPros.com www.TheHardMoneyPros.com Contact: James MacArthur (619) 846-1550 ©Copyright 2006 JMAC Funding Licensed by the California Department of Real Estate, DRE# 01440161 |