"Business and Real Estate Advisors" for
Homeowners — Business Owners — Real Estate Investors

Frequently Asked Questions

What is a Mortgage Workout?

A “Mortgage Workout” is a process by which NFG in conjunction with the client and involved parties achieve an agreed upon course of action to avoid actions such as foreclosure, bankruptcy and other adverse consequences.  NFG implements a tactical, individualized plan, and then negotiates accordingly to achieve a successful objective.  NFG works directly with your lenders, attorneys, creditors, etc., on your behalf to seek a resolution.  The outcome is based upon the desired objective of our client and the particular circumstances surrounding the property or business.  Mortgage Workouts can include but are not limited to loan modifications of terms to structure a payment and market rate that is fair and feasible; financing alternatives; sale of property; deficiency settlements; and debt forgiveness.

Can I qualify for a Mortgage Workout?

Qualifications for a Mortgage Workout span a wide array of circumstances.  Mortgageholders will evaluate the individual scenario of its borrower and give full consideration to the hardship.  Hardships can exist in many forms including loss of job, loss of income, divorce, medical condition, severe indebtedness, loss in property value, or other hardship which prevents the borrower from financially having the means to support continued payments.

What is a Short Sale?

A Short Sale is a viable option for a property owner who has seen a deterioration in their property or decline in property value which has resulted in the mortgage exceeding the market value of the property.  NFG will assist you in listing your property with one of its affiliate realtors in the property area. A market value sale of your property will be achieved and submitted to the debtholder along with a complete financial package for consideration.  Direct negotations between the lender, attorney, realtor etc., and NFG will occur throughout this process to determine an agreed upon settlement or discharge of debt.  Minimal to no out of pocket expenses are incurred by the debtor as most costs and fees are factored into the settlement.

What is a Loan Restructure?

A loan restructure provides an opportunity for revisiting original loan terms and negotiating with the lender to modify those terms to allow the borrower to continue payments without adverse actions such as foreclosure or bankruptcy.  Loan restructures can include interest rate adjustments, extension of loan dates, and adding deliquent amounts back into the loan to be repaid over a specified time period.  Alternative financing resources may also be sought whereby a negotiated settlement is achieved with existing lender and then mortgage is placed with an alternative lending institution offering a more economically beneficial financial agreement.

Why NFG and not someone else?

The NFG advisors have a combined experience in financial problem solving and the banking industry exceeding 40 years.  We can offer you tactical approaches to your financial problems or needs.  NFG negotiates directly with lenders, attorneys, accountants, realtors, etc. on your behalf because we understand the financial “lingo” and techniques pursued by these parties.   Banking, financial, workout, and accounting experience provide the background for a tactical, individualized plan of action to achieve your goals.  NFG handles all correspondence and negotations on your behalf from beginning to end no matter what the outcome.

What is our success rate?

Our success rate has been nearly 100%.  NFG has successfully assisted hundreds of clients in attaining financial independence.  Our clients and affiliates have expressed gratitude and have often referred their friends, associates, and family members to our Group.  Please see our Customer Testimonials to see what some of our clients have said.

What is a Business Plan?

A business plan is a written plan of action for your business.  This plan is designed to guide the entrepreneur, lender, or other interested party through your business.  The business plan will include such information as how you decided to start your business and its need in the market; your background and experience; organizational chart; marketing plan; financial plan and needed resources, and forecasted sales, expenses, and income.  The business plan is a customized report based on each individual’s business and its targeted sources.  Lenders will require a business plan before determining whether to provide financing for your venture and may revisit your plan to see whether your business has stayed on course. Revisiting your business plan can also be an invaluable tool in determining if changes are necessary to make the business more profitable.

How can I learn more about NFG?

A free, initial consultation may be scheduled by calling us toll free at 1-877-NFG-0274 or you may e-mail our office. Consultations can be handled in person, over the phone, or through email.

Home || Alternative Solutions || Customer Testimonials || FAQ || Contact Us