Personal Resources
Financial Solutions for the individual...
Personal Resources encompass the solutions available for individuals considering major financial decisions. At Total Financial Network we attempt to cover the most relevant financial topics while maintaining unbiased methods.
TFN has partnered with key providers and financial professionals across the country to assist our visitors and clients by providing the necessary education and milestones by which to measure success. If you would like to receive more information, or if you need personalized advice, please contact us directly.
Financial Restructuring
Debt Settlement
Debt settlement also referred to as debt negotiation is the process by which a debtor settles with a creditor for less than the full amount owed. The agreed upon balance is regarded as payment in full. Read More...
Bankruptcy
Bankruptcy is a legally declared or recognized condition of insolvency for a person or organization. In order to show insolvency (the inability to pay debts) an entity must pass a means test. Read More...
Loan Modification
The process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower. This is generally done when the value of the property has declined below the original loan amount. Read More...
Mortgage Resolution (Litigation)
The examination of loan documents for the prevalence of fraud in the origination or implementation of the loan. These findings are then used to seek legal recourse against the lender. Over 80% of the loans origination from 1999 -2008 contain elements of fraud. Read More...
Short Sale
A short sale, in the context of real estate, describes the situation in which the sale price of a home is less than the balance owed on the property's loan and both the lender and borrower consent to the terms of sale. The agreement to short sale however may not release the borrower from obligation. Read More...
Credit Restoration
Credit Restoration also commonly referred to as Credit Repair is the process of removing incorrect or inaccurate items from an individual's credit report. Credit repair can also encompass adding good credit items and building a positive credit profile. Read More...