NO FORECLOSURE
KNOCK, KNOCK. WHO’S THERE? NO ONE.
You deserve to keep your home when you get sick, lose your job or go through difficult times.
Farewell Foreclosure. With Paidoff™, there is no Amortization Payment Schedule. This means there is no required payment as long you have funds in your line of credit. You do not have to worry about being reported late or delinquent on your mortgage to the credit bureaus or incurring expensive late fees. You have flexibility and control over your mortgage.
With Paidoff™, foreclosure is eliminated as long as you have Available Funds in your Line of Credit and you are current on your escrows, i.e., homeowner’s insurance, property taxes, and Homeowners Association fees (if applicable). You do not have to worry about missing payments or being foreclosed upon. This reduces stress, keeps your credit score clean, and allows you to live in your home without fearing losing the roof over your family’s head. Having this peace of mind is enormous.
Since 2005, the inception of this loan, there have been ZERO forbearances and foreclosures. Even during the Great Recession of 2007 – 2009, when home prices collapsed, there was no foreclosure, loan modification, or Line of Credit reduction. While all other banks, mortgage companies, and credit unions closed and reduced their Lines of Credit, ours remained the same. This is the power of Paidoff™.