Foreclosure Prevention

Foreclosure Prevention Resource Center at American Dream

Model House Afloat in Life Preserver

No matter what the reason may be, the fact is you may need to sell your home quickly.

Mortgage foreclosure can have a devastating effect on your credit, so before you lose your home to the bank let us help you.

We can help you sell your home, give you access to other homes you may qualify for and help bring you peace of mind.

Whatever the reason, contact us today and let us help you.

Just like a vehicle you can be "upside down" on your home. In real estate this is called being in a negative equity position.

A negative equity position is where your home's value is less than or equal to what you owe on your home. In this situation, you most likely would have to pay money out of your own pocket in order to sell your home at closing (which could be substantial). The majority of new or first-time homebuyers are in this exact same situation, so you are not alone. Below are a few reasons why some homeowners have little or no equity in their homes.

1.	Loss in property value.
2.	Zero Down and Zero Move-In Programs
3.	High Appraisals
4.	New non-completed Subdivisions
5.	High inventory of new and resell homes on the market

At American Dream we are able to negotiate on your behalf with a majority of Lenders to get your home sold. If you are unsure of your home's current value, please click here to get a FREE and CONFIDENTIAL analysis.

People may face foreclosure for many reasons. Extreme changes in life situations — death, divorce, prolonged illness and many others — or because they must immediately relocate. Foreclosure can occur when payments become three to four or more months late, depending on the mortgage terms.

In most cases even if the bank is able to sell the property, the borrower may have to pay for any difference between the remaining balance on the loan and the sales price of the property at foreclosure, depending on the mortgage terms and state law. Foreclosure stays on a credit report for seven to 10 years. If you think you might be close to delinquency or foreclosure, we would like to see if we can help

If you think you are in danger of facing foreclosure, you can call 720-317-2500 and talk to a counselor who can help you assess your current situation and map out a solution.

American Dream Mortgage - 6638 W Ottawa Ave #210 - Littleton, CO 80128
Office Phone: (720)-317-2500 Fax: (720) 836-3353

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