Questions Regarding Delinquent Accounts

In a time where market values are declining, variable rate loan rates are increasing, payment amounts are increasing and perhaps incomes are declining, you, as a homeowner, may be facing a financial situation where it is difficult to pay the monthly obligations on your real estate mortgage.

There are options which may be available to you through your lender or their servicing agent. Although it would be advisable to attempt to utilize one of these options prior to the filing of a Notice of Default (foreclosure), it may be possible to utilize an option after the notice has been filed.

The options which may be considered by your lender/servicing agent are:

If you have a loan which All American Financial Services is servicing and if any of these options seem viable, please contact us at 661-949-6681. You may call our loss mitigation specialist, Slade Lohman, to discuss the options to which your particular lender may agree.

Upon contacting All American Financial Services, we may request any or all of the following:

Additionally, the toll-free number made available by the United States Department of Housing and Urban Development (HUD) to find a HUD-certified housing counseling agency is 1-800-569-4287 or TTY/TDD 1-800-877-8339. You may find other useful consumer information on foreclosure alternatives on the HUD website at including an article on “Tips for Avoiding Foreclosure”.

All American Financial Services does not offer a proprietary forbearance or modification plan. Due to the fact that all loans serviced by All American Financial Services are privately funded, loans at AAFS are not potentially eligible for any federal, state or lender guideline foreclosure prevention alternative program. Should a borrower request a forbearance or modification, it would be subject to majority lender approval.

All American Financial Services, 530 West Commerce Ave., Suite B, Palmdale, CA, 93551
BRE #01187092, NMLS# 222395
Phone: (661) 949-6681    Fax: (661) 949-7681

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