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 Schedule which means you do not have to worry about being reported late or delinquent on your mortgage because there is no required payment as long as you have Available Funds in your Line of Credit.
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 the fear of losing the roof over your family’s head. Having this peace of mind is huge.
Since 2005, the inception of this loan there has been ZERO foreclosures. Even during the Great Recession of 2008 when home prices collapsed, there was not a single foreclosure, loan modification or Line of Credit reduction. While all other banks and mortgage companies continued to shut down and reduce Line of Credit, Paidoff remained the same. This is the power of Paidoff.
Consumer Financial Protection Bureau