U.S. Home Bailout Process

The process starts with the client meeting face to face with a USHB agent at our office.  After reviewing your situation and paper work, USHB will determine if you qualify.  Once you sign up with USHB, we will stack your file, and help you with all the needed paperwork. USHB will then have its processers submit your loan modification package to the bank.  The processor then stays in contact with the bank and negotiates on your behalf for a loan modification.   USHB is very successful in loan modifications, and in most cases getting your house payment cut in half.

We understand that it can be frustrating to sit on the phone with your lender, explain your situation over and over again, hold for hours only to be disconnected and start all over again. The process is overwhelming to say the least. Our job is to do the hard work and mediate with your lender on your behalf to lessen your financial burden.

• Loan Modification
• Reduce your interest rate
• Extend the term of the loan/note
• Forgive past due payments
• Stop foreclosure
• Short sale

Our professional loan modification consultants will be on your side of the case to find a resolution and save you time. The sooner you call, the sooner help is available.

Financial difficulty does not discriminate. It can affect people of all occupations, all over the country. Financial difficulties are most often associated with major life changes such as:

• Job loss
• Cuts in work hours or overtime
• Decrease in home value
• Illness, injury, or death of a family member
• Divorce or separation

Whether your mortgage is for $100,000 or for $10 million, you must take the first step so we can work together with your lender to find a solution. There are several options when you are facing financial difficulty, especially the burden of a mortgage looming over your head. We recommend you review these options and consider which option you think best fits your personal situation. Our financial professionals can offer assistance to determine your optimal plan of action.

Some of your different options are: reinstatement, a workout program which includes Forbearance, Loan Modification (also known as restructuring),  short sale, short refinance, deed-in-lieu of foreclosure, and foreclosure. A reinstatement is an option if you are behind on your payment.

There are a couple different types of workout programs that we can achieve by negotiating directly with your lender to help bring your loan current. The workout option of forbearance is the arrangement of a payment plan. This can postpone your principal payments for a certain period of time while you pay only interest. This option is mostly used during a temporary loss of employment or unexpected tragedy. The next work out plan that may be available to you is a loan modification or restructuring. This is when the terms of your loan are changed, either the loan amount or interest rate, to help you meet your mortgage obligation based on your financial capabilities. Lastly, a short refinance is based on good credit, current on your house payment, and no equity in the home.  A short refinance gives you a new loan at today’s current value of the home.

Another option that isn't used very frequently is called deed-in-lieu of foreclosure. In this situation, it may be that you cannot find an interested buyer to sell your home for a short sale and are facing a foreclosure. We can negotiate for you to sign your deed back to the lender without facing the proceedings of a foreclosure. This mostly occurs when the market value of the home is higher than the lien against the home. The settlement will be at least equal to the fair market value of the home.

Finally, if no other option above works, you may face foreclosure. You may decide to allow your home to proceed into mortgage foreclosure.
This is absolutely NOT the best option as it will severely damage your credit and ability to obtain a home loan in the future. Not only will you lose your home, but if there is no equity, you may be responsible to your lender for the shortage. We do not recommend this option, and are willing to provide you with useful tips to avoid foreclosure.
USHB can also help you get cash for keys if you lose your house to foreclosure.