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Whether you are currently in default, at risk of defaulting, or if your home has already foreclosed, you may have options available to help you in this time of need.  

Below, you will find a list of options. At IPRO REO, we believe in results and have assisted hundreds of homeowners obtain various workout options and alternatives to foreclosure.  Some companies charge homeowners upfront for services that are not provided or results that are not desirable.  With IPRO REO, you can leave your checkbook at home as there are never upfront fees for our services.   

Important Note:  Charging upfront for these services is illegal in the state of California.  

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 We understand the hardship of catching up on past due payments.   Let us get you back on track by negotiating a plan with your lender that allows you to pay your past due amount back over time.  We'll get you out of the foreclosure process and back on track with your payments. This option is great if you've endured a temporary hardship in the past, but are now able to afford your monthly payments.

 We have helped many homeowners extend the term of their mortgage to 40 years or more.  This is a great option to get payment relief on a monthly basis while still giving you control of your term.   You'll have the flexibility of being required to make a lower 40 year payment, but you can always choose to add more to principal to payoff the loan on the term you choose!

 Sometimes the easiest path to stopping the sale of your home is to make a phone call to the right person.  Homeowners can leverage our decades of experience and contacts to stop the foreclosure process.   This is a great option if you need short term relief, while we put a more permanent solution is put into place.

 If you haven't spoke with an IPRO REO Consultant about a modification, you are missing the most powerful opportunity to resolve your situation.  Our team has decades of experience and hundreds of successful modifications.   We understand what lenders are looking for and will help you structure your application so that you don't get declined for incorrect paperwork, net present value, or debt to income ratios.    

If you think you are headed for default, refinancing your mortgage could be an option to consider. 

Under very rare circumstances can a refinance be completed when a homeowner has already defaulted so act quickly if you believe refinancing might work for you. If you have already defaulted and would like to know if a program is available to help you refinance, please give us a call. Lender programs change regularly and we are happy to consult with you. 

IPRO REO can assist you in temporarily suspending your payments.  This will allow you to time to deal with short term financial issues and get back on your feet.  We have helped hundreds of homeowners get back on track with this option. 

IPRO REO can assist you in selling your home. We offer the highly competitive fees that can save you sometimes tens of thousands of dollars in commissions.  

If your home does not have equity, a short sale may be the most viable option. In these cases, we can negotiate with your lender so that relocation assistance can be provided to you. A short sale is when there is not enough equity in the home to pay off the outstanding debt and costs associated with selling.  

On a case by case basis, IPRO REO can offer joint venture opportunities for homes that are in need of repairs. For example, if your home is in need of repairs and the current as is value is $500,000, a joint venture allows the investor to purchase your home as is, then repair and resell the home for a profit. In a joint venture, homeowners not only receive the proceeds from the as is sale, but they can also receive a percentage of the profits from the resale. 

 At IPRO REO we take pride in our high success rate thru non-legal avenues.   However, when your home is at stake it's important to consider all options.  We have worked with several legal professionals for decades and understand the options they can assist with. In fact, often we have worked hand in hand with legal teams so if you are already working with a legal professional, we would love to speak with them.  While IPRO REO is still able to assist you should you choose to represent yourself in an option typically serviced by a legal professional, IPRO REO highly recommends that a legal professional at least be consulted. 

NOTE: IPRO REO  does not practice law and does not give legal advice.

 Bankruptcy can be a powerful tool in helping homeowners avoid foreclosure.  Bankruptcy includes a  feature called an “automatic stay.” The automatic stay stops any collection actions against you, including repossession, collection lawsuits, and foreclosures. Your lender will have limited foreclosure options as you go through the bankruptcy process.   ​The process may allow you to both avoid foreclosure, catch up on past due payments, and renegotiate the terms of your loan. 

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Bankruptcy Types Include

• Chapter 13
• Chapter 7
• Chapter 11

 A restraining order is typically used to assist homeowners with limited time (sometimes hours) until auction.  In these cases, homeowners are forced to file a Temporary Restraining Order (TRO) against their lender to stop the sale.  The only way to get a TRO against your lender is to go through a judge.  Some homeowners try to take on this task themselves, but the consequences of not being successful means the home will may be lost.   ​

 Most Temporary Restraining Orders are followed with a mortgage litigation lawsuit. The TRO is only designed to stop the sale in order for you to take additional action. Taking the steps to sue your lender can help to ensure that you are able to permanently stop the foreclosure.   Most often a TRO is followed up with litigation under the Homeowner Bill of Rights. 

 Your mortgage is typically null, or “voidable” after a foreclosure. However, any equity in the property legally belongs to the homeowner that was foreclosed upon.  Under California Law, when a property is sold at an auction for more than what was the left on a mortgage, the additional balance is known as “surplus funds.” The previous owner of the property is legally entitled to obtain all the additional funds resulting from the sale of the foreclosed property.  Keep Your Keys is highly experienced in collecting such funds for homeowners.

• IPRO REO