Protect Your Home and Your Future - Know Your Rights and Options Before It's Too Late

At American Home Savers, we understand that facing foreclosure can be overwhelming. If you're behind on mortgage payments or worried about losing your home, it's important to know that you have options. With over 37 years of experience, we've helped homeowners in Hampton Roads navigate this process and find real solutions.

What Is Foreclosure?
Foreclosure happens when a homeowner falls behind on mortgage payments, and the lender takes legal action to recover the unpaid debt. This process can lead to the bank repossessing and selling the home, leaving families without a place to live. While it can feel like the end of the road, American Home Savers has solutions that can pay off your mortgage and allow you to stay in your home.

How the Foreclosure Process Works
The process varies by state, but in Virginia, lenders typically follow these steps:

• Missed Payments - After one or more missed payments, the lender will send notices and attempt to collect the overdue amount.
• Notice of Default - If payments are not caught up, the lender can issue a formal notice of foreclosure.
• Pre-Foreclosure Period - During this time, homeowners still have the opportunity to negotiate with the lender or explore alternatives.
• Auction or Sale - If no solution is found, the lender can sell the property at a public auction.
• Eviction - If the home is sold, the new owner (often the bank) may begin the eviction process.

Your Options to Avoid Foreclosure
Foreclosure doesn't have to be the only outcome. Here are a few ways to take back control:

• Loan Modification - Lenders may adjust your loan terms to make payments more affordable.
• Short Sale - Selling your home for less than what you owe can sometimes prevent foreclosure.
• Forbearance Plan - Temporary relief from payments may be available during financial hardship.
• Sell to American Home Savers - We provide solutions that allow you to stay in your home, even if you're behind on payments.

Take Action Today
If you're struggling with mortgage payments, don't wait until it's too late. A simple phone call could be the first step toward saving your home. At American Home Savers, we're here to help—without judgment and with real solutions. Need guidance? Call us today and take the first step toward financial stability.

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