Short sale help
Don't go down with your house
Problem property: one with no equity, one in which you can no longer afford, could be defaulted on payments and cannot be sold on a regular sale.
Many people are in this position with having a 'problem property' due to the large decline in prices with the market correcting or a poorly constructed loan. You find you are not able to sell because your house is not worth what you owe and there is absolutely no equity & no money to pay selling fees.
My goal is to help people move on with their lives away from the burden of a problem property. My team specializes in selling properties with no equity.
Foreclosure/short sale properties- a market of their own...
Foreclosures are at an all time high as we all know. One out of 172 loans is officially in foreclosure. This is a national crisis. Some of the contributing factors to this trend are job loss, divorce, unexpected medical problems, death and largely due to poorly constructed financing. Many homes are not worth what they were a couple years ago-- so if you wanted to sell there would be no way because of no equity.
In any of these cases, the situation is very stressful and can can be hard on every aspect of your life- affecting relationships, family life and job performance.
Whom should you trust? Be informed, get the facts
There are so many misconceptions. It is a hard situation and there are people that will take advantage or "try" to help you. Unless they actually know how to negotiate with the bank and get the property SOLD- Don't get caught up in it- the clock is ticking! Take real action today! The following will only put a bandaid on the situation:
- Forebearance (lender payment plan)
- Mortgage brokers (refinancing)
- Denial
- Realtors (listing your property) and not knowing how to properly work the sale with no equity
- Bankruptcy
You are the only one that will get hurt by a wrong choice- ruined credit & shame. Not the attorney, the loan officer, or the Realtor (remember most Realtors will list your home to "try" to sell- working with a Realtor that does not specialize in this area can be more of a hindrance than a help if they don't know how to properly sell a house with no equity). As you know time is not on your side. I work on a team with a short sale specialist. One of the best in the metro. We have helped many home owners like yourself sell their house with no cost to you to avoid the foreclosure on your record. We will educate you on short sales, and any other questions you have.
Lose your house but try to save yourself from foreclosure on your credit
Getting real help now to get out of the situation is the answer. We are in this business to help people. We do not see your misfortune as an opportunity. We are honest and hard working and only get paid based on RESULTS. (Which is your house selling with no cost to you and you moving on with a fresh start)
What is a short sale?
In a nut shell a short sale is when the bank takes a loss, or 'short' on what is owed on the mortgage. A short sale is by far the best option to avoid foreclosure. Of course both are going to negatively affect your credit because of the delinquent payments, but this is a better alternative then having a debt discharged due to foreclosure. This will show you at least have taken responsibility to avoid the foreclosure. Helping you in the long run with your credit. Generally people who opt to do a short sale can qualify for a reasonable rate mortgage in as little as 18 months down the road.
Why is the bank willing to take a loss?
You see, the bank does NOT want to take your house back. This costs them a TON of money. Not only to file for the foreclosure with all the attorney expenses etc. This is a hinderence on the new loans they can make and that IS what they are in the business to do! For every dollar they borrow- some banks have to have eight more dollars in reserve. So, on a $100,000 loan- they have $800,000 in reserve they cannot borrow! That is why it is a benefit for them to get the bad loans off of their books asap. It is a win win for the bank and the homeowner.
Contact me today for more information or fill out the information request below and I will contact you (please be sure to put foreclosure as the information requested). We are here to help you move on with your life. Get a fresh start. There is life after debt!
We have sold more than a dozen properties for home owners with no equity just the past 10 months~ let us help you
foreclosure help, foreclosure specialists, short sale specialist
foreclosure, foreclosure, foreclosure
