Our mission is to help homeowners who are facing a financial hardship to avoid foreclosure by refinancing, loan modification or re-instatement. If all options fail, we buy their home in cash, negotiate a short sale with their mortgagee, and assist them in their move at no cost to them.

REALTORS®

For Realtors: We are short sale negotiators and real estate investors with discounted properties that have or will have approved short sale packages. We just need deserving families or investors to come and make an offer on a great Indianapolis or Central Indiana home. If you have a homeowner prospect that needs to short sell their Indianapolis and Central Indiana home, we could make them an offer right away! We will then promptly re-list the property for sale, and you can earn double-commission. Call us to negotiate your short sale prospects and get back to selling homes instead of talking to automated bank answering systems all day.

Homeowners

For Homeowners in Indianapolis and Central Indiana: We are real estate investors interested in helping homeowners who have little or no equity in their primary home and/or are enduring a financial hardship, avoid foreclosure through a variety of options. These options include but aren't limited to: reinstatement, loan modification, principal/payment reduction, short sale negotiation & property buyouts. There are no fees to the homeowner for our service.

Buyers

For Buyers in Indianapolis and Central Indiana: We are real estate wholesalers with an inventory of quality homes who need new homeowners to occupy them. Our Indianapolis and Central Indiana properties have avoided the foreclosure process and therefore typically have not endured the stresses that REO properties traditionally fall victim to. Because of our unique acquisition strategy, we are often able to offer our houses at a significant market discount.

About Mortgage Mitigation LLC

Mortgage Mitigation LLC is an Indianapolis, Indiana company who negotiates short sales with banks. We are real estate, mortgage and short sale professionals devoted to keeping you and your home out of foreclosure. Our combined years of knowledge and experience in both mortgage banking and real estate sales is the foundation for our success. If you are facing foreclosure, let us analyze your situation and if necessary, negotiate the short sale of your Indianapolis or Central Indiana home. We are short sale experts.

Foreclosure Vampire Getting Re-Vamped

New Mortgage Aid Plan Announced On Friday.
President Obama announced a major reworking of the troubled $75 billion plan to prevent foreclosures. The revamped plan is designed to help unemployed homeowners and those who owe more on their mortgage than their home is worth. Three to four million homeowners are targeted with the plan.

Borrowers will be able to get help in one of three ways:
1) unemployed homeowners can get a three-six month break on their mortgage payments,
2) banks will get financial incentives to reduce mortgage balances for underwater homeowners, or
3) lenders can offer refinanced loans backed by the FHA for those borrowers.

Help should be available in the coming months.

The piece for unemployed homeowners is designed to give them time to find a job. During that three-six month period, their mortgage payments will be no more than 31% of their monthly income. If a job is found during that time, the homeowner will be reevaluated for a loan modification. If a job is not found, they will be encouraged to enter into a short sale. The success of the program depends on the mortgage companies’ willingness to participate. To qualify, homeowners must have a mortgage of less than $729,750 and prove financial hardship. At least 31% of pre-tax income must be being spent on the mortgage.

Syndicate content