Free 30 Minute Consultation To Hear All The Options


What is a Foreclosure?

A foreclosure is when the lender or bank takes back a property where the mortgage has not been satisfied and the payments are not being made by the homeowner. A short sale is one of the best ways to AVOID Foreclosure. WJL Financial will buy the property in cash through a short sale and will release the homeowner from the mortgage.

Short Sale = NO Foreclosure!!

WJL has kept over 600 homeowners OUT OF FORECLOSURE since 2008! There are a few other options to avoid foreclosure but we would not recommend them! Deed In Lieu Of Foreclosure is not agood option because most of the time the bank will not waive the deficiency. Cash for keys is basically the same program. You walk away from the home, but you will owe the amount of the mortgage.

Loan Modifications are not a viable option either. The National average for approval of Loan Modifications is very low! Besides if the Loan Modification does not include a major principal reduction so that the homeowner does not owe more than fair market value, the Loan Modification would not make any sense to do in the first place.


How Foreclosure Will Affect You!

  • Lowers credit up to 400 points!
  • Affects credit for 10+ years!
  • May be 7 years before able to purchase another home!
  • Bank can garnish your wages or bank account for up to 20 years!
  • Future loan and rental applications will likely be denied.
  • Can negatively impact future employment opportunities
  • The bank may want you to vacate, and start eviction proceedings immediately

Best Option to Avoid Foreclosure?


Cost: Cost of $3000 upto

Credit Score: Damaged!

Bankruptcy is the MOST EXPENSIVE option and doesn’t mean you can keep your home!!

Some attorneys advise homeowners to declare Bankruptcy. This will not only cost $3000-$5000 on average, it will ruin your CREDIT for the next 7-10 years!
This will make it difficult to buy another home in the future. This will also keep you from getting Car Loans, Credit Cards, and can keep you from renting another property!

Loan Modification

Cost: Monthly Attorney Fee $500-600 (Can run upto $6000+)
Credit Score: Damaged!

Loan Modifications are not a viable option! The National average for approval of Loan Modifications is less then 20%! Your Attorney just wants to keep getting paid every month!! Loan Modifications do not include a major principal reduction so a homeowner will owe more than what they owed even before going into foreclosure!


Short Sale

Cost: $0 – FREE
Credit Score: Good! (Only lowers 50-70 Points)

* Can purchase another home in 1-2 years!


What they say About Us

A few of the homeowners we have helped!

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Property Sold for $180,000

buy houses for cash
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Amet Brahan
Property Sold for $80,000

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George Menoutis
Property Sold for $365,000

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Mrs. Johnson
Property Sold for $80,000

Don't struggle with an unpaid mortgage, we can help!