Avoid the Foreclosure Process with Nationstar Mortgage

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Avoid the Foreclosure Process with Nationstar
Mortgage
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Nationstar Mortgage is a leading mortgage lender
that offers multiple options to help people avoid
the foreclosure process. They have maintained a
reputation as a well-established mortgage lender
and servicer, offering conforming Fannie Mae,
FHA, FHLMC, VA, Jumbo and USDA products directly
to consumers. The company offers multiple options
for people who may be struggling with their
mortgage payments. Nationstar is committed to
preserving communities and neighborhoods through
continued homeownership. With an aim to
stabilize the housing market as well as help
people avoid foreclosure, Nationstar Mortgageis a
BBB accredited company and provides complete
information about the Making Home Affordable
Program online.
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? The foreclosure process can be a stressful
experience for homeowners. A Notice of Default
is typically sent to the owner of the house when
mortgage payments have not been received on time.
The Notice of Default sets a date by which the
homeowner must pay the balance in order to avoid
further proceedings. In the event the homeowner
fails to make the payment by the given date, the
foreclosure process will continue and the lender
may seize the property. To avoid this situation,
borrowers must know their options and understand
the solutions that are available when faced with
foreclosure.
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? Nationstar Mortgage, LLC works with borrowers
in danger of foreclosure through options such as
forbearance, repayment plan, modification, short
sale and deed-in-lieu. The forbearance option is
well suited for temporary hardships, as it allows
homeowners time to get their finances back on
track without the worry of losing their home. The
modification option on the other hand, allows
them to stay in their home with a mortgage
payment modified based on their current income
and ability to afford the home. A short sale
enables the borrower to potentially market and
sell their home to relieve them of all or a
portion of the mortgage debt. A deed-in-lieu
involves the homeowners decision to transfer the
title of the home back to the lenders
possession. For more information, please visit
www.nationstarmtg.com
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