The Equity Rescue Program is designed to provide homeowners who are facing the imminent loss of their homes through foreclosure with a method of rescuing their equity. It can help such owners to avoid the severe consequences that occur as a result of defaulting on their mortgage payments.
Owners In Financial Trouble
Many property owners find themselves facing the forced sale of their homes as a result of sickness, divorce, the loss of employment, or other financial hardship.
Most of the time, a forced sale of a property leads to a loss of the entire equity.
Owners in foreclosure find themselves being hounded by foreclosure speculators. These are people or companies that want to acquire title to the owners' properties so they can sell it at full value and pocket the equity for themselves. Losing a property to sepecluators often leaves the owners with little or no money and in a financial hole with bad credit.
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