If you’ve fallen behind on your mortgage payments and you’re tired of the incessant calls from bank. There are ways to stop foreclosure and stop the calls that are driving you crazy, 

Maryland Real Estate Professionals is here to help.   Our mission? To stop foreclosure and provide foreclosure help to homeowners in Frederick and Central Maryland. With a track record of assisting hundreds of homeowners, we’re committed to do what we can to help you avoid foreclosure.

Have you fallen behind on your mortgage payments and the banks have started the foreclosure process. It's a situation many homeowners find themselves in, facing the looming threat of foreclosure and the incessant harassment from creditors. But there is hope.

At Maryland Real Estate Professionals, we specialize in helping homeowners avoid foreclosure and provide foreclosure help which includes getting the banks to stop those persistent calls!

Maruland Real Estate Professionals has helped home owners avoid foreclosure!

Our mission is to assist homeowners in Frederick, mout airy, new market, ijamesville, Monrovia, urbana and the rest of Central Maryland in navigating through the challenging process of how to avoid foreclosure and finding the best real estate solutions.

Imagine the relief of no longer having to dread the ringing of the phone or the arrival of ominous letters in the mail. Maryland real estate professionals understands the stress and uncertainty that comes with financial difficulties and the risk of losing your home. That's why  we're dedicated to offering effective strategies and personalized support to help you stop foreclosure and regain control of your financial future.

We have the experience to help stop foreclosure!

With years of experience and a proven track record, Maryland Real Estate Professionals has helped hundreds of homeowners throughout Frederick and Central Maryland stop foreclosure on their properties. Our team of dedicated professionals is committed to providing the highest level of service and guidance every step of the way to avoid foreclosure. The Maryland Real Estate Professionals team is, your

premier resource for real estate solutions in Mount Airy, New Market, Ijamsville, Monrovia, Frederick, Urbana and beyond.

As your central Maryland real estate connection, we offer a comprehensive range of services tailored to meet your specific needs. Whether you're buying or selling a home, our team of trusted realtors is here to assist you with expert advice and unwavering support. At Maryland Real Estate Professionals, we understand that every situation is unique. Whether you're looking to sell your home quickly in Woodville or explore the market in Middletown, we have innovative marketing strategies to help you achieve your goals. From showcasing the features of West Winds and Holly Hills to highlighting the amenities of Lake Linganore and other Central Maryland neighborhoods, we provide valuable

insights to help you make informed decisions.

Steps To Take To Avoid Foreclosure

When you are facing a foreclosure, the main thing is not to avoid or ignore the situation. At the first sign of financial trouble, reach out to your lender to alert it to the issue. Doing so gives the lender an opportunity to share possible solutions available to help you avoid foreclosure. Plus, connecting with the lender right away to remedy the problem could mean getting back on track with your loan payments sooner. But if the foreclosure process has already begun, there are other strategies to stop it. If you don’t want to talk to the bank, let us know and we can help.

Mortgage repayment plan - If you suffer a short-term financial setback (such as expensive car repairs or a medical emergency), your lender might provide some breathing room by agreeing to let you pay off your missed payment in two installments over the next two months.

Loan modification - Mortgage servicers can permanently adjust the terms of your loan — most often by lengthening the amortization schedule, lowering the interest rate or rolling the delinquent amount into the loan and re-amortizing the new balance — to help you bring the loan current. Loan modification might not reduce your principal owed, however.

Deed-in-lieu of foreclosure is one way to avoid foreclosure.

A deed-in-lieu of foreclosure involves turning over your home to a lender voluntarily to avoid foreclosure proceedings. In some instances, going this route could help you avoid paying the remaining loan balance on your mortgage, but that depends on your lender’s rules and the state you live in. Before you get a deed-in-lieu of foreclosure, ask your lender if it will waive any deficiency, which is the difference between your home’s value and what you still owe on the mortgage. (If there is a deficiency, the lender could seek a judgment to try to collect even after you’re out of the home.)

Short sale – a good way to save your credit and stop foreclosure process. A short sale happens when the lender allows you to sell the house for less than the outstanding loan amount, takes the proceeds and forgives any remaining debt. A short sale could help you salvage some of your equity, but the lender has to approve it first. A real estate agent with experience in short sales might be able to help you find a buyer and guide you through obtaining the necessary approvals.

Short refinance - With a short refinance, the lender forgives some of your debt and refinances the rest into a new loan. This type of refi was more common in the aftermath of the mortgage crisis and might not be available for most homeowners now.  Refinance with a hard money loan - You won’t like the high rates and fees of a hard money loan — one from a private lender, often an individual — but it might buy you some time to sell your home and prevent foreclosure. This shouldn’t be your first option, though, if you can help it.

Stop Foreclosure

There are many ways to stop foreclosure, or at least slow it down. The first and most obvious is to make your payments on time and catch up if you fall behind a month or two.  If that’s not possible, whatever option you choose, the earlier you start, the more successful you will be at stopping foreclosure. Don’t be afraid to contact your lender -- foreclosures cost them money and they want to avoid foreclosure it if at all possible. If you are in danger of being foreclosed on, talk to your lender as soon as possible.

Which option is right for you will depend on a lot of things, including how far behind you are, how much you owe on your mortgage, what your overall financial situation is, the terms of your mortgage, and even the location of your home and your age.

Loss Mitigation

Loss mitigation means finding ways to get up to date on outstanding debt while not accumulating more debt. There are several options that may help stop foreclosure:

• Catch up on payments. If you fall behind, find a way to catch up. Some states require lenders to send you a “right to cure” notice before filing foreclosure, which gives you a set period of time to catch up.
• Seek foreclosure counseling. Call InCharge today at the number above to find out your options.
• If your financial setback is temporary, your lender may agree to pause payments for a specific period. Once you start paying again, you’ll have to pay both regular monthly payment as well as either a lump sum or installments to catch up.
• Loan modification. Your lender may agree to rework your loan so that monthly payments fit your budget better, usually extending the length of the loan.

How Loan Modifications Work

There are a number of ways that a lender might modify your loan in our to prevent a foreclosure. Here are some examples:

• Add your past-due balance to your outstanding balance and adjust your repayment term. For example, if you are $10,000 past due, instead of having to pay the full amount to catch up to current, this $10,000 could be added to your total outstanding balance and then paid back over 30 years or the number of years you have left on the loan. This will raise your monthly payment but make it easier for you to catch up and be current on your loan.
• Add years to your repayment term (for example, if you are 5 years into a 30 year mortgage, you could be re-set back to 30 years to account for the missed payments.
• Lowering your interest rate: lowering your interest rate will lower your monthly payment, thus making your home more affordable to you.
• Outstanding loan principle reduction: in this scenario, the lender would forgive a portion of your loan principle.

All of the above are designed to make your monthly payments affordable so that you can sustain homeownership for the long term.

Selling Your Home

If the goal is to avoid foreclosure and not stay in the home, there are ways to sell it. While you won’t have the home, you also won’t have the long-term negative financial impact a foreclosure brings.

• Deeds in lieu of foreclosure. You give the home to the lender, and they forgive the balance of the mortgage. While this may seem a lot like a foreclosure, it saves money, time and doesn’t go on your credit report the way a foreclosure does.
• Short sale. With approval from the lender, you sell the home for less than what you owe on it, and the lender keeps the proceeds. In some cases, you’ll be required to pay the difference between what the sale brought and what you still owe.

Avoid Foreclosure Recovery Fees, Scams

If you are being foreclosed on, you may be contacted by foreclosure prevention companies and home recovery scams.

For-profit foreclosure prevention companies, while legitimate, charge fees than can equal two or three mortgage payments, or more. It’s money that you’re better off using to pay your mortgage. The information and services these companies provide are available to you for free from your lender, or with help from a nonprofit housing counselor.  If a firm promises to stop a foreclosure immediately if you sign a document appointing them to act on your behalf, you may be signing over the title to your property, HUD warns. Before signing such a document, get advice from an attorney or nonprofit housing counselor.   When you choose MDREPros, you're not just getting a realtor – you're getting a dedicated partner committed to your success. Our team of full-time professionals is equipped with strong negotiation skills and years of industry experience to ensure that your interests are protected every step of the way.  From the initial consultation to the closing and  beyond, MDREPros is here to provide you with unparalleled support and guidance. Whether you're a first-time buyer or a seasoned investor, we'll work tirelessly  to help you achieve your real estate goals and secure the best possible outcome.

So if you're tired of the endless calls from banks

and the looming threat of foreclosure, it's time to take action. Contact

MDREPros today and let us help you avoid foreclosure and reclaim your peace of

mind. With MDREPros by your side, the path to a brighter future begins here.

Your MDREPros Professional Realtor brings strong negotiation skills and years of experience to the table. From the initial search to closing and beyond, we’re here to support you throughout the home buying process. As full-time realtors, we’re dedicated to helping you find residential properties for sale or sell your home quickly.

Covering All of Central Maryland

No matter where you are in Central Maryland, we’ve got you covered. Let us be your guide as you navigate the real estate landscape. Trust Maryland Real Estate Professionals to be your partner in achieving your real estate goals. Visit www.MDREPros.com today and discover the difference we can make for you.