RightTrack Financial Services offers a full range of loan workout solutions to assist our clients in resolving their home mortgage problems. RightTrack can assist homeowners in attaining a loan modification whether they are current on their mortgage, one month behind, or even a year or more delinquent. RightTrack can also assist homeowners whose goals is to gracefully exit their current home with the least possible financial and credit damage through short sales and cash-for-keys agreements. RightTrack employees have the knowledge and experience to provide outstanding loan workout solutions for all types of loans and mortgages, and, we are able to work with every mortgage lender and servicer including credit unions.

Loan Modification: A loan modification is a permanent change in one or more of the terms of a homeowner’s loan which allows the loan to be reinstated, provides them with an affordable monthly payment, and allows the homeowner to keep their home. Loan modifications can include a reduction in interest rate, a reduction in the principal balance owed on the loan, the conversion of an adjustable rate, hybrid, or option ARM mortgage into a fixed rate, and an extension of the length of the loan. The modification of these loan terms can result in a significant reduction in the monthly payment the homeowner is required to make. Many RightTrack clients have received modifications that reduced their monthly mortgage payment by 30%, 40%, 50%, or more depending on their housing and financial situations.

Cash- for-keys agreements: Cash for keys agreements are negotiated by RightTrack between the lender or servicers on behalf of a homeowner, and the homeowner is given a cash settlement from the lender of as much as $5,000.00 dollars in exchange for vacating the foreclosed property. Lenders and servicers are willing to accept a cash-for-keys agreement because of the reduced legal, maintenance, and rehab costs that they would normally incur from acquiring a damaged or vandalized home after evicting the homeowners or tenants. Cash-for- keys agreements can be especially useful for the owners of rental or investment properties, or for those homeowners who desire to get out of their current mortgage while mitigating the negative effects of foreclosure.

Short Sale agreements: A short sale agreement is negotiated when the proceeds from the sale of a property are not enough to fully repay the balance owed on the loan for that property. For many homeowners in situations where they can no longer afford to keep their homes, this is the best solution and can be an excellent option to gracefully get out of their current mortgage while maintaining their credit and finances. RightTrack works with many of the most qualified Realtors in Florida who have achieved the designation of Certified Distressed Property Experts, to assist our clients in listing their homes for sale and in obtaining signed purchase agreements from buyers on their behalf. RightTrack specializes in negotiating with mortgage lenders and servicers to ensure that the lenders accept the short sale offers realtors obtain for our clients.