How
long does it take
for you to complete
the paperwork on
our case?
Normally, a case is
completed in a matter
of days, depending
on the situation. There
are exceptions to this
where the case may
need to wait for settlement
until after a certain
date. We are able to
close a deal in 24
hours or less if need
be.
How successful and
experienced is your
firm at resolving foreclosure?
We have been in business
since April of 2000
helping homeowners
in the foreclosure
process. Our success
rate is over 90%. In
the cases that have
been unsuccessful,
the reason usually
lies in the bid amount
at the foreclosure
sale.
Do I have enough
time to stop my foreclosure.
Missouri:
Until
the auction occurs,
there is enough time
for a homeowner to
stop their foreclosure.
Time is of the essence
and action should be
taken as soon as possible.
Our process can take
as little as 24 hours
to complete the purchase
of your home. If we
are purchasing the
lien from the Mortgage
company, we may need
two to three working
days. Most situations
can be resolved up
until the day before
the sale, but it is
highly recommended
that you act as quickly
as possible.
Kansas:
Kansans
have laws that provide
a redemption period
after the foreclosure
sale occurs. Rush Properties
is able to provide
assistance for up to
90 days following the
foreclosure sale. It
is generally easier
to secure the deal
prior to the sale but
most situations are
easily resolved during
the redemption period.
It is still important
to act as quickly as
possible.
What advantages are
there in using Rush Properties instead
of mediation or debt
consolidation firms?
Our track record speaks for itself. We are a member of the Better Business Bureau and have no complaints against us. Other foreclosure prevention companies may attempt to resolve your situation, but are unsuccessful due to inexperience and lack of market knowledge. When this occurs, you lose valuable time and often cannot ultimately stop your foreclosure in time before auction. Rush Properties can help you keep your home without providing additional damages to your credit report. Most debt mediation companies report to credit reporting agencies which can damage your credit score. Rush Properties works directly with you and as a liaison between you and your mortgage company privately. We can work out a deal with you that will allow you to remain in your home without damaging your credit rating and in some cases even put a little extra cash in your pocket. We can also work out a deal where you can simply walk away from the home and start fresh. We are here to help you no matter what the situation.
Should I be aware
of anything else?
Yes.
Beware of scams! Solutions
that sound too simple
or too good to be true
usually are. If you're
selling your home without
professional guidance,
beware of buyers who
try to rush you through
the process. Unfortunately,
there are people who
may try to take advantage
of your financial difficulty.
Be especially alert
to the following: Equity
skimming. In this type
of scam, a "buyer" approaches
you, offering to get
you out of financial
trouble by promising
to pay off your mortgage
or give you a sum of
money when the property
is sold. The "buyer" may
suggest that you move
out quickly and deed
the property to him
or her. The "buyer" then
collects rent for a
time, does not make
any mortgage payments,
and allows the lender
to foreclose. Remember,
signing over your deed
to someone else does
not necessarily relieve
you of your obligation
on your loan. You should
always check with the
local District Attorney's
office before you conduct
business with anyone
in this field. Some
groups calling themselves "counseling
agencies" may approach
you and offer to perform
certain services for
a fee. These could
well be services you
could do for yourself
for free, such as negotiating
a new payment plan
with your lender, or
pursuing a pre-foreclosure
sale. If you have any
doubt about paying
for such services,
call a HUD-approved
housing counseling
agency at (800) 569-4287
or TDD (800) 877-8339.
Do this before you
pay anyone or sign
anything.
Are there any precautions
I can take?
Here
are several precautions
that should help you
avoid being "taken" by
a scam artist:
- Don't sign any papers you don't fully understand.
- Beware of any contract of sale or loan assumption where you are not formally
released from liability for your mortgage debt.
- Check with a lawyer or your mortgage company before entering into any
deal involving your home.
- If you're selling the house yourself to avoid foreclosure, check to see
if there are any complaints against the prospective buyer. You can contact
your state's Attorney General, the State Real Estate Commission, or the local
District Attorney's Consumer Fraud Unit for this type of information.
What
are the main points I
should remember?
- Don't lose your
home and damage your
credit history.
- Call or write
your mortgage lender
immediately and be
honest about your
financial situation.
- Explore every
alternative to keep
your home.
- Beware of scams.
- Do not sign
anything you don't
understand. And remember
that signing over
the deed to someone
else does not necessarily
relieve you of your
loan obligation.
How do I avoid foreclosure
scams?
- Don't sign any
papers that you don't
fully understand.
- Make sure you get
all "promises" in
writing.
- Beware of any loan
assumption where
you are not formally
released from liability
for your mortgage
debt and contracts
of sale.
- Check with a lawyer
before entering into
any deal involving
your home.
- If you're selling
the house yourself
to avoid foreclosure,
check to see if there
are any complaints
against the prospective
buyer. You can contact
your state's Attorney
General, the State
Real Estate Commission,
or the local District
Attorney's Consumer
Fraud Unit for this
type of information.
What is a foreclosure?
The legal process
that a bank or mortgage
company uses to force
the sale of your home
to repay a debt - usually
the mortgage on your
home.
