Welcome to Clear Point Real Estate Services

Mortgage Rate Reduction or Loan Structuring
In most cases, when the consumer is able to make future mortgage payments (even if it is not a full mortgage payment), a loan modification and mortgage pay rate reduction is a possibility. A loan modification involves demonstrating to the lender that a temporary situation caused the borrower to fall behind on the payments. In addition, it must show that the situation has now been resolved completely and the borrower is now eligible for a mortgage rate reduction. This typically requires proof that the borrower earns enough household income each month to make a mortgage payment (e.g. residential lease for a room, or rooms). Read more ...


Deed in Lieu of Foreclosure
In certain circumstances, a deed in lieu of foreclosure provides several advantages to both the borrower and the lender. Not only is the borrower immediately released from all or most of the personal indebtedness associated with the defaulted loan, he/she also avoids the public notoriety of a foreclosure proceeding and almost always receives more generous terms than he would in formal foreclosure. Personal liability is a huge problem in most states (if you have ever had a car repossessed, you know what this means…taking the collateral is just the beginning). Read more ...

Real Estate Short Sales
We all know that defaulting on mortgage payments puts the borrower in a difficult situation. Many people do not realize the options that they have available before the house is confiscated by the bank. Short sale is an alternative path to take in order to avoid foreclosure and aid in gaining time and protection, as long as it is done properly by qualified attorney. Read more ...