Times can be tough for responsible homeowners these days, and many of our customers
are making sacrifices in order to pay their mortgages. Through various hardship
assistance programs offered by Nationstar Mortgage, many borrowers have been able
to lower their payments to an amount they can afford and stay in their homes. However,
these programs are not always enough. If your payment simply cannot be lowered to
an affordable amount, Nationstar may still be able to help you avoid foreclosure
and even get you up to $7,500 for a fresh start with our NewStart Solutions program.
Perhaps you have decided you don’t want to remain in your home and are unsure of
what the next steps should be. Nationstar Mortgage can help you move on with NewStart
Solutions one of two ways:
Through NewStart Solutions¹, you can reduce or even eliminate all responsibility
to repay the debt on your first mortgage and minimize the negative impact on your
credit record. Whether you choose to voluntarily transfer the title of your property
or sell your home, avoiding foreclosure is significant:
¹Borrower must meet certain requirements to qualify for any of the options/products
referenced above. Terms are subject to change. This is an attempt to collect a debt
and any information will be used for that purpose. The option you select may have
a negative effect on your credit history. There may be other disadvantages, including
an effect on your income tax liability. If you have any questions or doubts, you
are encouraged to obtain competent advice from an attorney, accountant or other
²You may be required to pay a deficiency balance as part of the terms of this
program. Pursuit of deficiency balance is not allowed in all states. Cancellation
of debt may have tax consequences. Please consult your tax adviser.
Nationstar understands that leaving your home due to a financial hardship is a very
difficult decision for you and your family. NewStart Solutions may be the best option
for customers who wish to avoid foreclosure and get a fresh start when they were
not able to qualify for other workout programs offered by Nationstar.
If you choose to sell your home, Nationstar can help you find a real estate agent who can
get your property listed quickly for less than you currently owe. Or, if you are
ready to move on and would prefer to avoid what can be a lengthy sales process,
you can simply release the mortgage back to Nationstar. You may even qualify for
up to $7,500 to help with moving expenses. Just call us today to discuss your options
and we'll help you find the solution that's right for you.
Selling Your Home
Nationstar can help you find a real estate agent to list and sell your home for
less than you currently owe. If you are already starting the process of selling
your home, please ask your agent to provide Nationstar with the following documentation:
To participate in either of the NewStart Solutions options, you need to provide
the following documentation:
Your agent must submit ALL documents through www.equator.com.
Agent Equator Task Guidelines
Download the full Agent Equator Tasks Guidelines ›
¹Screenshots are the exclusive property of Equator, LLC and used herein under
limited license for Nationstar training purposes only. Any distribution, reproduction,
derivative, description or account of the screenshots is expressly prohibited without
the express written consent of Equator, LLC.
©2011 Equator, LLC. All rights reserved.
NMLS #2119 | NMLS Consumer Access
© 2015 Nationstar Mortgage Holdings, Inc.
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