Early Delinquency Intervention

Facing Money Problems:

Major life changes such as loss of a job, illness, or divorce can leave a person facing financial difficulty. Taking action right away is essential in reducing the possibility of foreclosure.

• DON’T ignore the problem.
• Call us and let us know as soon as you have a problem. You may reach us Toll Free at: 1-800-308-4961
• Open and respond to our letters.

If you are receiving late notices from Wachter Investments, Inc., you need to contact us and let us know the circumstance that caused you to fall behind on your loan payment. Don’t wait until it is too late. The sooner we can work with you to get you caught up the better.

Each work out program will be reviewed on a case by case basis.

OPTIONS TO AVOID FORECLOSURE

If you have an existing Real Estate Loan with Wachter Investments, Inc. and feel you may be unable to maintain payments, some options that may be available are:

• Reinstatement
• Repayment or a catch-up plan
• Forbearance
• Loan modification
• Refinance
• Foreclosure
• Sale of the property

Please be prepared to provide specific details about your financial situation.  Below is a list of financial information you should collect before calling us to discuss what options there may be to avoid foreclosure:

• Income Documentation, such as current pay stubs, income tax returns and bank statements
• Employment information
• List of all monthly obligations/payments with corresponding balances owed on each debt

If your home is listed for sale, please provide a copy of your listing agreement/ and/or written purchase offer(s).  If you have had your home appraised, please provide a copy of your appraisal.

Helpful Resources:

U.S. Department of Housing and Urban Development (HUD)

Tips for Avoiding Foreclosure
http://www.hud.gov/foreclosure/index.cfm

Help for Homeowners Facing The Loss of Their Home
http://www.hud.gov/offices/hsg/sfh/econ/econ.cfm

HUD Approved Housing Counseling Agencies
http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm

HUD toll free counseling number :
(800) 569-4287 or TDD (800) 877-8339

Resources for finding a real estate agent:

San Francisco Association of Realtors
http://www.sfarmls.com/

San Mateo County Association of Realtors
http://www.samcar.org/

Santa Clara County Association of Realtors
http://sccaor.com

California Association of Realtors
http://www.car.org

You may speak with us directly or through your designated agent who can be a HUD-Certified Housing Counseling Agency, an attorney, or an authorized agent who may act us on your behalf.

If you wish to designate an agent, please complete and return the attached form (or any other form that provides essentially the same information) entitled “Borrower Designation of Representation” to:

Borrower Designation of Representation PDF – Download Click Here and Print This Form

Wachter Investments, Inc.

49 Park Road

Burlingame, CA 94010

Toll Free:     1-800-308-4961

Email: borrow@quickloans.com

Equal Housing Opportunity Lender

Real Estate Broker, CA Dept. of Real Estate. #00746683

Nationwide Mortgage Licensing System ID #348288