Frequently Asked Questions

There are many benefits to stopping a foreclosure.   Your credit begins to improve immediately.  The stress and worry is over. As a result your mental and physical health improve. There's no  tax liability for you or for your estate.   Stopping foreclosure makes it possible  to get the next house or the apartment of your choice much sooner. Stopping foreclosure helps in getting a job that requires a security clearance or one that requires working with money.  It may even prevent you from getting fired.   Finally and most important, you get a fresh start.    

On day one  we speak  with you and get the  agreement to stop the foreclosure.  On day two several activities happen at once.  We contact the bank (or the bank's attorney)  and let them know we want to stop the foreclosure.  The bank or bank's attorney   will then order the reinstatement figures to bring the loan current.  It usually takes the bank anywhere between 5 and 15 work days to get us the reinstatement amount.  At the same time we contact the title company and order a title search. .  Once the title search comes back we will schedule a closing.  Once closing  happens, the title company wires the past due amount  to the bank. . The process can occur in as little as 7 days or as long as 3 to 4 weeks as long as there are no complications.

Yes!  When you accept  service from 123 Foreclosure Not Me, your missed payments and penalties are paid in full.   In exchange,   we ask that you title the property to us.  We pay the bank. Your credit improves immediately.  And most important,   you can get a fresh start.  

We benefit by helping others.  Some describe it as a warm and fuzzy feeling.  Of course we can't live on joy and happiness alone.   We also make money by fixing the house if there's anything wrong and either renting to selling to another family.   We are taking the property off of your hands so that you can  start new again.  We also help estates by preventing a  deficiency judgement or a tax liability. 

Yes.  Foreclosure 123 Not Me will help no matter what condition the property is in 

Generally after a foreclosure, you will have to voluntarily  vacate the premises or face eviction.   123 Foreclosure Not Me gives you the option of staying in the house if it can be demonstrated that payments can be made consistently and on time. 

Yes.  Before and sometimes shortly after a final judgement  is made, 123 Foreclosure Not Me  can stop the foreclosure.   As a general practice 123Foreclsoure Not Me will pay all the back payments and penalties, any liens, and attorney fees charged by the bank.   If the foreclosure goes through the estate may face tax penalties and be liable for  the deficiency judgement .  

123 Foreclosure Not Me does not use realtors or attorneys.  AS a result there are no attorney fees or real estate commissions.  We handle all the paperwork too.   During the entire process a title company is used to review the condition of the title and ensure the all documents are in order.   Because 123Foreclosure Not Me does not use attorneys or realtors, we save you money. 

Our primary mission is to help  individuals and families stop foreclosure.  In the process however, 123 helps banks too.  We bring the loan current and start making payments on behalf of the borrower.    The bank is happy.  They recoup all of their money, and start making money on the loan again. Banks  stop spending  money on legal fees, asset management services and realtor commissions.  Their bottom line improves.  Remember, banks are in business to lend money, not in the business of foreclosing on your property.