Cash for Keys
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Life happens. Divorce, illness, job loss, or the untimely passing of a spouse are just some of the issues that can all make maintaining the payments on your home impossible. Many people believe deed in lieu of, foreclosure, or bankruptcy is the only answer: It’s not. The American Servicing corporation “Cash for Keys” Program is designed to help homeowners who have found themselves behind on their payments and unable to catch up. The “Cash for Keys” program will help free you of your burdensome and unsustainable mortgage, giving you cash to help you move into a new home. Here’s how it works:
We want to help you get back on track. American Servicing corporation provides peace of mind, assisting you with your mortgage obligations. Cash for Keys tailors a solution to fit your current situation. Give us an opportunity to hear your story. Please call us for more details.
Foreclosure Process and Timeline
You fail to make your mortgage payment by the due date.
Days 16 - 30
Your mortgage servicer assesses late charges on your account and attempts to contact you to find out why you missed your payment.
Days 45 - 60
Your servicer sends you a "demand" or "breach" letter that tells you that you have violated the terms of your mortgage.
At this time, your servicer may refer your account to its foreclosure department, which will begin foreclosure proceedings.