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Feeling Trapped by your Mortgage? Education Is Key!

Feeling Trapped by your
Mortgage? Education Is Key

When faced with unaffordable mortgage payments, your
house can feel more like a cage than a home. You may feel
trapped because it’s hard to know what to do to improve
your situation, and you may just want to give up.

Don’t give up!

The reality is you don’t have to be a prisoner to a
mortgage you can no longer afford. You have options and
you’re not alone. I can help you find the key to financial
stability through education and a greater understanding
of your alternatives.

Learning Your Options

You actually have many options when it comes to
seeking relief from challenging housing payments. When
reviewing the following list, think about which alternative
may be best for your specific situation.

Short Sales

Generally considered one of the most viable alternatives
to foreclosure, short sales allow homeowners to minimize
financial damage and move on from a burdensome,
unaffordable mortgage. In many cases, short sales allow
borrowers to qualify for a new mortgage in as little as two
years, as opposed to five years or more after a foreclosure.

The following are some of the
benefits of short sales:

• Avoid foreclosure at no cost to you
• Lesser impact on credit scores
• Security clearance protection
• No challenges to future employment
• Retain some control over the sale of your
property (vs. public auction)
• The ability to negotiate away a deficiency
judgment (collection of your mortgage debt)
• Shorter waiting periods to get another mortgage


As Foreclosures Rise, Trademark Loss Mitigation Steps in to Help Homeowners

SPRING, Texas, January, 2011 — Last week, the Office of the Comptroller of the Currency and the Office of Thrift Supervision released sobering figures in their joint quarterly report: A record 2.9 million U.S. properties received foreclosure filings in 2010, a two-percent increase over the previous year. American homeowners are struggling — but short sale negotiation firm Trademark Loss Mitigation is helping to turn the tide.

Since 2003, Trademark Loss Mitigation has been providing no-cost short sale negotiations and processing for real estate agents and homeowners with distressed mortgages. Along with negotiating short sales, the company works with homeowners to gather and submit all paperwork associated with each case and can even purchase properties if foreclosure dates are looming and no buyers have been found.

Homeowners and their agents pay nothing for the service. Instead, Trademark Loss Mitigation collects its fees from lenders or buyers, and lenders pay all closing costs. As part of the settlement Trademark Loss Mitigation negotiates, lenders typically waive deficiency judgments — the lawsuits lenders can bring against homeowners in certain states when the proceeds of the home’s sale do not cover the amount owed.


Jim McNinch
Trademark Loss Mitigation

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