Allebest & Associates

(949) 454-1774 - Phone
(949) 454-2550 - Fax


Total Consumer debt and total Mortgage debt have reached the highest levels in history. And with reductions in income and with growing job losses, foreclosures and debt collections are also at an all time high. We can help you stop foreclosures, modify your loans, short sale your property, or even file bankruptcy, if that becomes your best option.

(For more information about each of our Debt Relief services, simply click the links on the left.)


A. Assert all applicable Defenses

Foreclosure defenses are related to the conduct of your loan officer, items not properly disclosed, and regulatory requirements not complied with.

B. Forbearance

A temporary agreement which suspends payments for a short period of time to stop a foreclosure and give you a chance to get caught up.

C. Loan Modification

Banks typically don’t want your property. They would rather renegotiate your principal balance, interest rate and/or monthly payments.

D. Federal Foreclosure Help

The government has a refinancing program for “qualifying” borrowers current on payments, and a modification program for those in default.

E. Deed in Lieu of Foreclosure w/ no deficiency

Rather than face foreclosure and eviction, we can typically negotiate a foreclosure with no deficiency, plus extra time to stay in your home.

F. Short Sale

If your equity is substantially below your loan balance, we can help you sell your home and get the lender to accept a payoff less than what is owed.

G. Filing Bankruptcy

Bankruptcy allows you to stop foreclosures and law suits, and resolve debt. It can also stop creditor harassment and provide additional time to repay bills.



Consumer debt and mortgage debt can be renegotiated. Your current loan remains in place, but your principal balance, interest rate and/or monthly payments can be reduced. A lender might be open to modifying a loan because the cost of doing so is less than the cost of Default or Foreclosure.

A loan modification agreement is different from a forbearance agreement. A forbearance agreement is a repayment plan and provides short-term relief for borrowers who have temporary financial problems, while a loan modification agreement is a long-term solution for borrowers who will never be able to repay an existing loan, by permanently modifying the terms and conditions of the loan.


The Federal Government has also created a Mortgage Refinancing Program The plan has three main components:

A Refinancing Program for borrowers who are current on their mortgage payments but who have been unable to refinance because the value of their home has declined. This program applies to loans owned or guaranteed by Fannie Mae and Freddie Mac. The maximum loan to value on a new mortgage is 105%.

A Mortgage Modification Program for borrowers in default, or at imminent risk of default, that builds on the model established by the FDIC by expanding eligibility and modifying the loan by reducing the interest rate, increasing the term and/or deferring/reducing principal payments.

Initiatives to Bolster Fannie Mae and Freddie Mac, by increasing Treasury’s purchases of Fannie and Freddie debt.



A “short sale” is where proceeds from the sale of real property fall short of the balance owed on a loan secured by the property. The lender agrees to take as payment in full, a smaller amount than what is owed on the mortgage, in exchange for the sale of the property to a third party. It is win-win for both sides. The lender gets the highest price for a quick sale at a market price, and the borrowers get relief from possible future legal actions and deficiency judgments. Additionally, the borrowers’ credit rating will almost immediately improve because their credit report shows that the mortgage was paid in full.


Initial Consultation: where we evaluate your case to determine if conditions exist for a short sale, loan modification, forbearance or other acceptable workout solution.

Package Preparation: where all of the required documents are prepared and delivered to the lender.

Sale of the Property: Our affiliated real estate agents aggressively market the property to generate the best possible purchase offers.

Negotiate Lender Approval: Next we negotiate the terms of the short sale with the lender. These terms may include the sale price, closing costs etc.

Close the Sale: After the lender approves the terms and conditions of the short sale, we move forward with the closing of the sale between the owner and the new buyer.

We have the knowledge, experience, relationships, and clout to quickly and successfully handle short sales …all totally FREE OF CHARGE to you.



Chapter 7 Bankruptcy

If you qualify, this is most favorable choice because it allows you to get a “Fresh Start” and “discharge” all of your debt. It helps you:
* Prevent foreclosure on your home and garnishment of wages
* Discharge debt from personal loans and credit cards
* Avoid deficiency debts and resolve possible lawsuits

Chapter 13 Bankruptcy

This is a form of debt consolidation designed for repayment of some or all of your debt using future income and a detailed court-approved plan.
* Repay debts with reduced payments
* Keep your home and personal property


Chapter 7 Bankruptcy

This is the total liquidation of the business assets to repay debts. The Trustee sells all assets and distributes the proceeds to creditors

Chapter 11 Bankruptcy

This is a reorganization of debt. The business is restructured so that it may meet its obligations from future earnings. It is expensive and takes time.

Chapter 13 Bankruptcy

For sole proprietorships only. Will stop foreclosures and provides for repayment of all or part of the business debt over a given time period.

Call today for a free, no obligation analysis of your situation:
(949) 454-1774 or