Stop Foreclosure

Hayes Realty has Over 8 Years of Big 5 Banking Experience. We have help stop hundreds of foreclosure sales and turned them into short sales which provides a win win situation for the underwater homeowner who can no longer afford their home. We specialize in helping homeowners who are stuck in the loan mod mess, thinking bout filing bankruptcy, or just flat out feel like they have no options.

During our time working at several Big 5 Banks we began to notice the trend of banks selling homeowners a sense of false hope. As former Big 5 Banking foreclosure specialists we noticed a trend that 1 out of 3 delinquent homeowners who recently received mortgage modifications defaulted again within 12 months. For most borrowers a loan modification is not the best option. Often times, the terms of a loan modification do not provide true financial relief for the homeowner. All too often we see homeowners throw money down the drain hoping and waiting for an approval on their loan modification application. Many homeowners are denied a loan modification and again find themselves facing the threat of losing their home to a foreclosure.

Our goal is inform our clients of the laws so that they can make an informed decision instead of relying on the false hope provided by the bank. Hayes Realty foreclosure and short sale specialists are experienced at helping homeowners navigate the treacherous process of dealing with the mortgage company. We encourage our clients to use the law to their advantage.

The Mortgage Debt Relief Act of 2007 was a law passed by Congress in response to the recent real estate crash. Normally, debt that is forgiven or cancelled by a lender must be included as income on your tax return and is taxable. The Mortgage Debt Relief Act offers temporary financial relief to homeowners who would have owed taxes on forgiven mortgage debt after facing a foreclosure. This exemption could potentially save you thousands on your tax bill, but only if you take advantage before the Relief Act expires.