I Need Help, I Cannot Afford the Mortgage!
You Want to Sell Your House, You Cannot Afford the Mortgage, and
Refinancing is not an Option! Now what?
You may qualify to sell your home by short sale!
What is Short Sale?
When you owe an amount on your property that combined with closing costs and commission, is higher than current market value.
How does it work?
From your behalf, we enter in negotiation with your Mortgage Company or companies to accept less than the full balance of the loan at closing. The new Buyer closes on the property and the property is ‘Sold Short’.
How do I qualify for Short Sale?
You must be suffering from legitimate Hardship, and be able to provide documentation if requested. Hardship categories include:
Then You may lose your house by Foreclosure
Foreclosure is a legal process that a lender must go through in order to take possession of a property for which it holds a mortgage!
Why you should Avoid Foreclosure
Many job applications ask if you ever had a foreclosure.
Must be disclosed on any future mortgage application
Credit scores will be lowered by 300+ points
The one credit report item that is almost impossible to have ‘repaired’
May end up with Deficiency judgment
Many employers run credit checks
Security clearances, government positions
“Avoiding foreclosure takes only effort and cooperation on your part, as your agent I do all the rest by investing my time, money and effort.”
“As your Distressed Property Expert Agent I will explore every option with you and work to resolution.”
While it may not seem like it now, there will come a time when you look back on this situation and will want to know you did everything you could.
There are many Solutions to Save your Home and avoid foreclosure:
REINSTATEMENT: Bring the loan current
FOREBEARANCE: Temporary repayment plan
REFINANCE: New loan with reduction in monthly payments
LOAN MODIFICATION: Modify original loan terms
SELL THE PROPERTY: Use equity to payoff or pay difference
RENT THE PROPERTY: Must make loan current
SHORT SALE: Negotiate with bank to accept sale under loan amount
DEED IN LIEU OF FORECLOSURE: “friendly foreclosure”
BANKRUPTCY: Will stall foreclosure but not prevent it
The Opportunity Window is getting smaller everyday!
You cannot afford to make mistakes and run out of time. You may be in Pre-Foreclosure period and you don’t even know it!
Pre-Foreclosure is the period of time between initial financial distress and Bank Sale!
As a Distressed Property Expert and I work with homeowners that are in financial trouble!
There are only few to none real estate agents with Six sigma methodology to approach the banks mitigation department, and have systematic approach in negotiation your mortgage and get you to the closing table! No Brag! I am in the business of helping homeowners to meet their Real Estate Goals! Let me save your home and your family from Foreclosure!
Call me Today, and let’s get started
to the path of recovery.