Loan Workout Program

Are you having trouble making your payments?
We may be able to help.

We understand that sometimes there are events and circumstances that cause people to fall behind on their mortgage payments. Most of the time, they can catch up, but sometimes, despite their best efforts, they find themselves in a financial crisis.

If you find yourself in this situation, please contact us at (909) 882-3393 or (800) 624-0399. There may be a program to assist you.

Following are some of the programs we can offer you:

  • Forbearance Agreement – If a notice of default has been recorded, and you have or will have a portion of the delinquency amount, you may be able to arrange for an extension of time.
  • Repayment Plan – An agreement where you resume making your regular monthly payments in addition to a portion of the past due payments.
  • Deed in Lieu – If you have had your property listed for a period of time with no activity, we may accept title to your property as settlement for the debt.

When applying for a loan workout with Crawford Real Estate Services, Inc. please include the following items:

  • Complete and sign the Loan Workout Application
  • A letter detailing the reason for your request for assistance and reason for delinquency
  • Copies of the last two month’s bank statements for all accounts held in the name of any mortgagor listed on the Note & Deed of Trust
  • Copies of the last two pay stubs for all mortgagors listed on the Note and Deed of Trust
  • Copies of the last two years tax returns and W-2’s

If you are interested in a pre-foreclosure sale, we require the following additional information:

  • Copy of the Contract for Sale or signed listing agreement
  • An estimate of the closing costs.

You may also wish to contact the local Department of Housing and Urban Development (HUD) to find a HUD certified housing counseling agency. Their toll free number is (800) 569-4287 on weekdays between 9 a.m. and 5 p.m. ET (6 a.m. to 2 p.m. PT)

 

Call Us at 800-624-0399