It's easy for even the best of people to miss a monthly home mortgage payment. Major medical expenses, divorce or job loss can cause economic chaos. If the financial problem is not quickly resolved and you fall behind in your loan payments, the lender can foreclose and take possession of your home.

JS Real Estate Solutions is positioned to help homeowners save their homes, improve their financial well-being and create a healthy future. Company principal Jeff Spellman is an experienced financial-services counselor who creates individualized programs that help clients restore financial integrity. His practice is focused on Nassau and Suffolk counties.

With guidance from JS Real Estate Solutions, homeowners who are at risk can take control of their situations and work toward making the necessary corrections to avoid the worst. There are options.

Working with Creditors

Lenders do not want to foreclose and usually will work with you to make alternate arrangements to fulfill your obligations. JS Real Estate Solutions will help you understand the bank's needs in relationship to your own so that a proper balance can be struck. As a former banker, Jeff Spellman knows the ins and outs of restructuring or renegotiating existing loans.

Forbearance Agreement

JS Real Estate Solutions can negotiate a forbearance agreement with the lender to allow you to temporarily reduce, postpone or suspend making payments on your home mortgage. Interest continues to accrue, and when the forbearance expires, the unpaid interest can be applied to the loan's principal balance.

Bankruptcy

Filing for bankruptcy can stop a foreclosure action, temporarily, but doesn't assure you can keep your house. It also has far-reaching and long-lasting ramifications that JS Real Estate Solutions can explain.

Property Sale

Sometimes you run out of options, and a quick home sale may be the most efficient way to return to financial well-being. JS Real Estate Solutions can purchase your home "as is" for cash, eliminating your efforts and costs of sprucing it up for the traditional real estate market. This approach prevents any foreclosure action and safeguards future credit ratings.

Take Action

JS Real Estate Solutions specializes in helping Nassau and Suffolk County homeowners to understand their options regarding possible foreclosures, and to make informed decisions to protect their investments. To receive answers to the most frequently asked questions about foreclosure by return e-mail, complete the confidential information form found by clicking here. JS Real Estate Solutions will send you additional information and will contact you directly as a first step toward returning you to financial well being.