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Welcome to CDG Exclusive, LLC Foreclosure Prevention Specialist

In New York State, Housing Counselors, who are approved by the U.S. Department of Housing & Urban Development or the New York State Banking Department, may provide the same or similar services as a distressed property consultant for free. A list of approved Housing Counselors can be found on the New York State Banking Department website at www.banking.state.ny.us or by contacting the New York State Banking Department toll-free at 1-877-BANK-NYS (1-877-226-5697). You should consider consulting an attorney or a government-approved housing counselor before signing any legal document concerning a distressed property consultant.

  • Are you 2 or more months behind on mortgage payments?
  • Have you broken your payment plan or forbearance?
  • Are you worried about having a foreclosure on your credit report for the next 7-10 years?
  • Have you been served with foreclosure papers?
  • Have you tried to bring your loan current without success?
  • Do you feel that filing bankruptcy is your only option?

WARNING: If you are currently in mortgage distress and have missed house payment and choose to take no action to protect yourself from foreclosure, your lender has the legal right to obtain a deficiency judgment against you. They may garnish your wages, levy personal property, and attach liens to collect any sums not received at the home auction. If your mortgage is guaranteed by the VA or FHA (HUD) they will take action to protect their interest. You may also incur additional liability with I.R.S. if your home is foreclosed on.



"SAY WHAT YOU ARE GOING TO DO
AND DO WHAT YOU SAY"

I CAN HELP YOU!

What is Foreclosure?

When homeowners fall behind on mortgage payments, a foreclosure can occur. A foreclosure is a process in which a financial institution repossesses or sells a piece of property because of a loan default. Mortgage lenders usually consider a mortgage to be in default when the mortgage payment hasn't been made in three months. When a mortgage loan is in default, the mortgage lender can begin the foreclosure proceedings on the property. When the lender forecloses on the homeowner, the homeowner must move out of the house, therefore, losing all possession of the property and jeopardizing any possible equity that the homeowner may have in the home. There is a legal time frame, which varies from state to state, which determines how long the foreclosure process can take.

There are mainly two types of foreclosures: judicial foreclosure and non-judicial foreclosure. About a third of the states in the nation use judicial foreclosure. This type of foreclosure involves issuing a lawsuit against the homeowner. If the homeowner does not respond to the lawsuit, the mortgage lender wins the case and the home is put up for sale in an auction. A court official presides over this auction and sells the seized house to the highest bidder. The mortgage lender also puts in a bid during the auction. This bid amount can go up to the amount owed on the home loan. If no bidder surpasses the mortgage lender's bid, the mortgage lender gets the title to the home. If the bidding goes higher than mortgage lender's bid amount, then the winning bidder is issued the deed to the house.

A non-judicial foreclosure is a foreclosure that does not involve a lawsuit. The mortgage lender issues the homeowner a notice of default and a notice of its intent to sell the homeowner's property. The homeowner has a chance to stop the sale by paying the default amount owed or by coming to an agreement with the mortgage lender. This agreement may include setting up a repayment plan and being allowed the option of delayed payments for a specified amount of time. If the homeowner fails to stop the foreclosure, the house is auctioned off in the same manner as a judicial foreclosure.

A foreclosure can also occur without a sale. In a strict foreclosure, the title of the house goes directly back to the mortgage lender without the need to go through an auction.

Once the mortgage lender has the title to the house, it can sell the house through a real estate agent. Proceeds from the sale of the house would go towards paying off the default amount of the former homeowner's mortgage loan. However, if the proceeds of the sale are not enough to cover the owed amount to the mortgage company, a deficiency judgment is issued to the former homeowner. For example, if a home sells for $80,000 and the balance on the mortgage loan was $100,000, the former homeowner is still liable for the $20,000 difference (unless the former homeowner is insolvent). Deficiency judgments, as well as the foreclosure itself, could do severe damage to the homeowner's credit. In other words, a homeowner will lose his home if it is foreclosed on by the lender.

How do you stop foreclosure?

CDG Exclusive specializes in resolutions of mortgage delinquencies or home foreclosure claims on behalf of you, the homeowner. We perform a detailed financial analysis and work with you to establish your best alternatives. We review your lenders loss mitigation policies and your state's foreclosure law to make sure that we give you the best service within the context of your situation. By working with you, the homeowner, and your lender we can tailor a resolution to meet your specific criteria and financial circumstance.

How long do I have to act?

Time is of the essence when you are behind on house payments. Time is definitely not your friend in this situation. Each day that passes makes it that much harder to get an agreement worked out with your lender that you can live with. The home foreclosure process can take anywhere from a few weeks to months, depending on your state law and the method of foreclosure your lender chooses to use. There are many homeowners who did not even know that they had already lost their house! When you are ready to pick up the phone, please call us at (877) 842-8708 or send us an email at jpgoldberg.cdgexclusive@yahoo.com.

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About Us

I help struggling homeowners nationwide to prevent their home from foreclosure by mitigating a short sale or a loan modification and educate homeowners with options and solutions that are available for them. When a homeowner is in foreclosure, they are at risk of being taken advantage of. Homeowners are falling victims to broken promises, worthless guarantees, false advertising and numerous varieties of scams and rip-offs. The vast majority of homeowners who can’t make their payments stumble into hard times by a cruel twist of fate. My goal, my passion and my commitment is to help and educate the smartest solution for a homeowner’s difficult situation. Homeowners can always reach out to me at anytime and any day. I have helped many families and there is nothing better than the emotional rewards of helping them. I am very proud to say that because of my commitment and devotion to help families and homeowners, there is no need to promote who I am or what I do because every homeowner I have helped are all referrals. These are just some stories that I hear from the homeowners. I am proud to say that because of my commitment and devotion to help families and homeowners, my services has grown mostly through referrals. My company is not a 9-5 Mon-Fri office hours. Homeowners can always reach out to me at anytime/anyday with any concerns or questions that they have.

Julie Palabay Goldberg, Foreclosure Prevention Specialist

Contact

In New York State, Housing Counselors, who are approved by the U.S. Department of Housing & Urban Development or the New York State Banking Department, may provide the same or similar services as a distressed property consultant for free. A list of approved Housing Counselors can be found on the New York State Banking Department website at www.banking.state.ny.us or by contacting the New York State Banking Department toll-free at 1-877-BANK-NYS (1-877-226-5697). You should consider consulting an attorney or a government-approved housing counselor before signing any legal document concerning a distressed property consultant.

Phone
(877) 842-8708

Fax
(877) 842-8708

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