Loan Help

Performance Property Loan Assistance Services

Dangers To Watch Out For

Beware of anyone who asks for money upfront to help you: bankruptcy attorneys, forensic loan audit companies, predatory lenders and other swindlers. Refundable deposits or payments are still upfront fees. Never pay upfront fees for a loan modification.

Promises of results are a red flag that you’re dealing with a shady, predatory company, attorney or individual. You cannot guarantee what you cannot control-if someone guarantees you an outcome, they probably aren’t telling you the truth.

Banks sometimes use a temporary rate reduction or ‘trial modification’ as a bait and switch to line their pockets and convince you to make up to six months of additional mortgage payments before they deny your loan modification. Most people need a more permanent solution to financial problems and temporary help often just drains your savings. A loan workout has to be sustainable over the long haul.

Never let your bank pressure you to take money out of your retirement account to pay your mortgage. Registered retirement accounts are off limits to general creditors—banks know this but figure you probably don’t!

How Attorneys Steal From People In Foreclosure

Testimonials from our clients:

“Sir Gerald Knight who rescued me from the prison of Rushmore. At last I feel freedom to stop worrying about keeping myself financially afloat. You came into my life and gave me peace of mind. I will always remember your kindness and generous spirit. You are daily in my thoughts and prayers. May your gratuitous services to me be The Blessing it was,and may you be rewarded with many Blessings in return. I prayed to God for help and He sent YOU. Much love.”

~Mary Elizabeth Robinson | Wilmington, Delaware

“Hi Gerald I just want to take this moment to thank you and express my gratitude for a job well done. When I thought that everything was lost you appeared and delivered hopes. Your professionalism and endurance are out of this world. Thank you thank you. I will always be grateful.”

~Berkis Castro | Clifton, New Jersey

“Thank you so much for helping me. My property was haunting me for quite sometime. My family and I never thought we would resolve this problem so easily, but you facilitated the whole process and made it swift and painless. We can’t thank you enough for this.”

~ Sal Rizzo-Cascio | Jersey City, New Jersey

“Thank you so much for all your work, effort and time you put in helping me. I think things went really smoothly, way better than I’d hoped for! I’m sure it’s because of you. I really appreciate all of your help!”

~ Bridget Hieronymus | Jersey City, New Jersey

“I was not able to pay my mortgage and the Bank started the Foreclosure proceedings against me. I spoke with Performance Property about their process and they gave me hope. They were very diligent and did all the negotiations on my behalf.  They were very professional, sincere and hardworking. I would recommend Performance Property’s services to anyone.”

~ Samuel Manoharan | North Bergen, New Jersey

“My family and I want to thank you so much for helping us. You did an outstanding job negotiating with our bank and keeping us informed. Thanks to your help, I now have more money to pay down bills and repair my credit.”

~ Marko Shafik | Bayonne, New Jersey

“If you find yourself in my situation, I highly recommend Performance Property. Always attentive, thoughtful and understanding, Performance Property will keep you informed every step of the way and will not rest until the job is done.”

~ Sean Daughtry | Jersey City, New Jersey

“As I began my morning today, I came to the conclusion that it was the dawn of a brand new start for my family. The burden is finally behind us. I have you to thank for that. You stuck by us, slogged through the swamp that is Chase Bank, put up with my constant questions and anxieties. I wondered if this day would come and lo and behold, it has. If good karma is to be had, I think you hit it big today. I am profoundly grateful for your hard work that has truly made a difference in our lives. We can now move forward with rebuilding our lives focusing upon a renewed perspective of what the important things in life are. Thank you again for your time and dedication.”

~ Melinda | Bayonne, New Jersey

“Thank you so much for all your help. I feel a huge weight has been lifted. The experience and knowledge that Performance Property provides is invaluable. In every step of the process, you were extremely courteous and professional. Thank you again.”

~ Gita Gorji | Hoboken, New Jersey

8 Ways to Handle Mortgage Problems

  1. Refinance your loan(s) with another bank
  2. Contact your bank to restructure or modify your existing loan(s)
  3. Negotiate a forbearance agreement with your bank
  4. Make all back payments and penalties to your bank and reinstate your loan(s)
  5. Sell the property yourself or hire a Realtor to sell it for you
  6. Declare bankruptcy
  7. Do nothing and allow the bank to foreclose on your house
  8. Download a free report or call us now at 201-222-2979 for a free phone consultation

Will Bankruptcy Help?

Bankruptcy is not free, it costs money and it won’t relieve you of your obligation to pay your mortgage.  Bankruptcy attorneys often promise to help “save your house”…but they usually fail to disclose that you may not qualify for bankruptcy and that most bankruptcy payment plans don’t work out for the homeowner.  Regardless of the outcome, you will still be obligated to pay your bankruptcy attorney’s high fees.

Regardless of what path you choose to take if you’re having mortgage trouble: loan refinance, loan modification, short sale etc. you have no financial obligations when you work with Performance Property. There are no fees. Our work is free to our clients.


Should We Wait For Market Correction To Invest In Real Estate?

Q. My brother and I want to start investing in real estate. Should we wait for a market correction to start? John, Passaic, NJ

A: Real estate investing isn’t for everyone, but if you are interested in investing, you should start immediately rather than procrastinating. There is no ideal time to start any business. If you are willing to make a commitment, then now is always the time to begin doing something worthwhile that has long term benefits. Bear in mind that the real estate strategies you employ will be different depending on where we are in the 4 stages of the real estate market cycle:

  1. recovery
  2. expansion
  3. hypersupply
  4. recession

Many local real estate markets in the US are still expanding at the moment which means that housing inventory is low which makes the buy side challenging, but also makes the sell side more advantageous. Thanks for your question, John.

For more real estate tips and information visit my blog at



Q. What is a short sale?
A short sale is a negotiated settlement where a bank agrees to accept less than the total amount owed as a payoff on a mortgage loan.

Short Sale Information Videos
From Gerald Lucas, “The Short Sale Authority”:

7 Acceptable Financial Hardships For Short Sales:

A Short Sale’s Impact On Your Credit Score:

4 Proven Ways To Speed Up The Short Sale Process:

Persuasive Short Sale Hardship Letters: