Harry D. Walker, Jr. 15 Jul 2008 9:58 am <b>Can't the homeowner work with the mortgage company on their own:</b>Most mortgage companies will help a homeowner to complete a general application, attempting to remedy the homeowner's situation, but they do not represent the specific interests of that homeowner. Often the homeowners are rushed into plans they often cannot afford, these types of workouts are very unsophisticated financially and many homeowners fail them. A Equity Guard Financial Group does represent the specific interests of the homeowner and will actively seek to present the best case possible to rectify the mortgage delinquency, with a higher level of financial sophistication. This is a far cry from simply helping a homeowner fill out forms. <b>What is Loss Mitigation: </b>A process through which the borrower, who has been unable to make mortgage payments and is in danger of defaulting on the loan, is helped through specific programs in an affort to avoid foreclosure. Lenders and government insurance agencies view this as a way to reduce the risk of home mortgage foreclosure, which is in their best interest as well. <b>Who created loss mitigation advocacy:</b> The field of loss mitigation advocacy was created by Congress and is administered by the various federal agencies that insure mortgage loans against loss as a result of foreclosure. <b>How much do we charge:</b> Our fees are based on your mortgage payment amount, and the complexity and urgency of your situation. Our professional loss mitigation consultants will evaluate your case and explain the best options to save your home. For the most part we find funding to pay for our services, so the final cost to the homeowner is bare minimal. We are confident that our fees are a bargain compared to the cost of the alternatives. We offer a money back guarantee if we cannot get you a work out agreement with your lender(s) as long as no sale date has been set. <b>Are we certified:</b> No, and unfortunately there is no license requirements, certifactions, or skills required for one to enter this field. With industry certification, counselors will have satisfied the requirements and have signed to the industry ethics to be able to render sophisticated services and other valuable advice related to helping homeowners rectify their financial problems. However, Harry D. Walker, Jr. is a Licensed real estate broker/Registered Representative/Financial Advisor who has years of experience in real estate and finance. <b>How long does it take to complete a case:</b> Our average case takes less than 90 days and many are completed within a few weeks. <b> How does Equity Guard Financial Group stop foreclosure?</b> Our company specializes in resolutions of mortgage delinquencies or home foreclosure claims on behalf of you, the homeowner. We perform a detailed financial analysis and work with you to determine your best alternatives. We review your lender's loss mitigation policies and your state's foreclosure law to make sure that we give you the best service within the context of your situation. By working with you and your lender, we can tailor a resolution to meet your specific criteria and financial circumstance. <b>Several companies contacted me recently offering help. What makes Eauity Guard Financial Group different? </b>There are many predatory companies who are not what they appear to be. Beware of unscrupulous companies who are actually just interested in buying your house at big discount, or attorneys who just want to take you into bankruptcy or companies that collect a consultation fee then do nothing for you. We have some of the most experienced and well respected specialists in the industry whose sole purpose is to save your house, not buy it, sell it, or send you into bankruptcy. Give us a call, speak with one of our professionals and judge for yourself. The consultation is FREE. <b> Do I have enough time to stop foreclosure?</b> Up until the foreclosure sale occurs there is still hope. If a sale date for your house has been set you need to act fast. We have stopped sales set for the next day but this is very risky and some lenders will not agree to it. You're best option is to take action immediately to stop foreclosure before it goes too far. <b>I'm currently in bankruptcy. Can you still help? </b> Yes. But we cannot negotiate a work out agreement with your lender until your mortgage has been discharged or dismissed from the bankruptcy proceedings. Our professional loss mitigation consultants can still evaluate your case and explain the best options to save your home. Then when the mortgage is out of the bankruptcy, we can proceed with the home foreclosure help. Sometimes after bankruptcy, it is easier to make a mortgage payment because other debts have been discharged. <b>I've already talked with my lender and they just want all their money. Can you still help me? </b>Yes. Most of our clients have experienced this kind of inflexibility from their lenders before calling us. We get your bank to listen to your needs because they know and trust us. We have mitigated thousands of home foreclosure cases. That kind of experience gives us credibility with your lender. Over the years we have developed positive working relationships with key people at most banks. Our integrity and professionalism have earned us a reputation that allows us to be heard when no one else can get through the red tape. We will use our experience and connections to your advantage. <b>Should I file for bankruptcy to save my house? </b>No! That usually doesn't work. The American Bar Association has reported that 96% of homeowners who declare bankruptcy end up losing their home to foreclosure anyway. Bankruptcy is very unlikely to help you save your home. If you declare bankruptcy you will likely end up with BOTH a bankruptcy and a foreclosure on your credit report. <b> Do I need to have a special type of mortgage loan for Home Equity Guard Financial Group to help me?</b> No. We specialize in out-of-court resolutions of government and non-government mortgage delinquencies or home foreclosure claims for homeowners. These can be FHA, Rural Administration, VA, Freddie Mac, Fannie Mae, or conventional loans which have become delinquent. What if I can no longer afford my home? Can Equity Guard Financial Group still help me? Yes. If you are certain that you cannot afford your home any longer and wish to sell, we can help you to secure a short sale payoff or a deed-in lieu of foreclosure agreement with your lender. Often times these agreements can be arranged at low or no cost to you.