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King & Corbin Associates LP recently highlighted its Foreclosure Relief Program (FRP) that will help homeowners who are in pre-foreclosure or full foreclosure status. Specifically, the program is designed to assist homeowners by eliminating their original mortgage, paying off outstanding debt, significantly increasing credit scores, allowing them to stay in their homes, avoiding bankruptcy, and recouping equity in as little as 12 months.
Although the federal government has placed a moratorium on foreclosures due to the COVID-19 pandemic, homeowners are strongly encouraged to have a plan before the moratorium expires. Not taking action could force them into bankruptcy. Once the moratorium expires, many homeowners could face losing their home to their lender or living under a mountain of debt with severe damage to their credit score.
"We are the only company in the United States that offers a real solution for homeowners who are facing foreclosure," said Bartley Corbin, King & Corbin co-founder.
King & Corbin can enable better interest rates to help lower mortgage payments, saving thousands of dollars throughout the life of a home loan. Another option for homeowners is to sell their house and regain the equity they would have lost had it foreclosed. The relief program is also available without having to pay high attorney fees. However, time is limited and homeowners are encouraged to act sooner rather than later.
"The time for action is now,” added Corbin. “Our clients can start to rebuild today, not seven years from now. Our program is designed to help each homeowner keep their home and stop foreclosure. And clients can continue living in their houses at a reduced rate without penalties, using helpful subsidies from our partners – at no out of pocket cost to the homeowner."