Can't Pay Your Mortgage Payments - Here's What You Can Do

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What happens if you don’t pay your mortgage payment? If you can’t pay your mortgage payments, foreclosure will be inevitable, however, when you are faced with the prospect of being unable to pay your mortgage there are programs that are available to you. Our Company, GVCPS Inc. is a Real Estate Investment Company that provides free consultation regarding different options to keep your mortgage in good standing with your lender and to avoid foreclosure. We help relieve your financial stress around real estate along with protecting any equity you may have in the property and protecting your credit.

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Presentation Transcript

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I Cant Pay My Mortgage What Do I do

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What happens if you don’t pay your mortgage payment If you can’t pay your mortgage payments foreclosure will be inevitable however when you are faced with the prospect of being unable to pay your mortgage there are programs that are available to you. Our Company GVCPS Inc. is a Real Estate Investment Company that provides free consultation regarding different options to keep your mortgage in good standing with your lender and to avoid foreclosure. We help relieve your financial stress around real estate along with protecting any equity you may have in the property and protecting your credit. Anyone can experience financial difficulties even if you have been working steadily and have savings. Major unexpected life events including serious illness divorce death of a spouse or injury that leads to prolonged unemployment are some of the common causes why people experience financial difficulty. If you have not experienced any type of financial problems you’ve been fortunate however it’s always wise to plan ahead to protect yourself with an insurance policy that also covers your mortgage in times of financial difficulties.

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If you are facing the situation “can’t pay my mortgage what do I do” it’s time to make some quick decisions. If you need to keep your property then you will have to keep paying your mortgage. At best you can try to review the terms and repayment options with your lender or come up with a financial strategy to deal with your current financial situation. When you cannot make your payments there are many ways that you can keep your property manage to repay the mortgage and you can simplify the entire process. Of the many ways we can help you is to talk to your existing lender to review your mortgage contract terms. Mortgage companies and banks are not opposed to talking to their clients. Presenting your case can always bring in some leniency from your mortgage lender. Act as Soon as You Foresee Difficulty

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We have several techniques that we utilize for short term and long term solutions for foreclosure prevention. We can help you with reinstating your mortgage arrears that would allow you to make the impending repayments with a onetime lump sum within a certain period of time. This will buy you more time to set your finances in order. There is the option of forbearance that offers you temporary relief from making mortgage payments. This may be as short a period as three months but that can be of immense significance in tough times. We also facilitate foreclosure prevention with a revised repayment plan proposed to your lender loan modifications with partial claims if your mortgage is insured and with second mortgages or refinancing. We can help you with debt consolidation that will help get your debts in order and you would have to repay the consolidated debt at a lower interest rate. This is a good long term and holistic solution as you don’t have to worry about each and every debt as you would only have one debt with a debt consolidation re-payment plan.

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When Is It Too Late Address any difficulties you are having with your mortgage payments immediately. Acting fast will help to keep your best options open to resolve your situation and to avoid foreclosure. Do not wait until you receive telephone calls from your mortgage lender or a formal demand letter from your mortgage lender’s lawyer regarding your missed mortgage payments by then the formal foreclosure proceeding may have started and your lender may be unwilling to accept any outstanding payments from you. GVCPS Inc. is a Real Estate Investing Company that specializes in taking over mortgage payments and the property associated with it for people who require a solution to their mortgage and property situation. GVCPS successfully takes over mortgages and properties and provides immediate solutions that enable people who need to move on from their situation to keep their former monthly mortgage payment in their pocket or bank account. Contact us at GVCPS Inc. to discuss what solutions we can provide to your real estate situation. We provide free consultation to discuss the different options that are available to you. We are available 7 days per week including evenings until 9:00 pm. Call 604-812-3718 or email: infogvcps.ca.

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