Short Sale Help - Foreclosure Alternatives
Given the state of the economy, you or someone you know is facing the possibility of foreclosure. This is something that many homeowners are dealing with at the same time you are. Some folks file bankruptcy and try to remove their obligation to pay the mounting debt and then allow the banks to foreclose on the property - rather than short selling). Others allow the bank to take the home in foreclosure. Keep in mind that with a foreclosure, the bank has the right to pursue the deficiency and collect from you for 20 years.
Short Sale options are available. If you file bankruptcy, you may have the debt released but you still have the property to deal with. If you have been facing financial hardship in your life and cannot meet your monthly payments, we can help. With a Short Sale, you can avoid Foreclosure and start repairing damaged credit. Click for a list of Foreclosure Alternatives.
Just a few short years ago, we heard terrible stories about Bank of America and other large banks being unwilling to accept a Short Sale. With changes in the market and education within the banks and the real estate industry, a Short Sale can be an excellent solution for homeowners who can no longer afford their home or have to sell their property as part of a relocation - but owe more than it is worth.
How does this work? When a homeowner owes more on their property than the market value, they can enter into negotiations with their bank(s) and ask the bank(s) to accept an offer on their home as payment in full. Once the home closes, it is said to have sold "short" of what is owed. A homeowner must qualify for the short sale option (we can discuss the qualifications for each bank and property type with you).
Although the process is complicated and their are no guarantees, I am a Certified Distressed Property Expert and have been trained in Short Sale negotiations. In addition, I work with a team of experts that are supervised by an attorney. We all work toward getting the homeowner all the answers they need and move toward a successful Short Sale negotiation (usually at no cost to the seller). Everyone has Questions - we can help get you the answers!
I am here to help! I often get phone calls from folks looking to rent a home. During the phone conversation I find out that these folks have filed bankruptcy and have been told their property is gone in that bankruptcy (it is not - while the debt may have been forgiven, they still own the home). Sometimes they are so embarrassed by the notice of foreclosure, they just want to run away from the property. I explain the process and I can actually hear the caller relax!
Everyday, someone tells me that I am a blessing in their life...and that is what I try to be. I don't have all the answers. But - I know where to get them.
We should all feel an obligation to help each other. That is what I really try to do. If you or someone you know is in financial trouble and just needs to understand the options and decide what to do, call me.
Keller Williams Realty
Do you think you may be the victim of Mortgage Scam? Were you:
- told you would get a federal incentive to walk away from your mortgage
- asked to pay for upfront counseling or to list your home
- pressured to sign papers immediately without having time to review them with your attorney
- asked to sign your house over to a company or person who is not working with your mortgage company
- asked to make a mortgage payment to someone other than your mortgage company without your mortgage company approval
- guaranteed a successful short sale or mortgage modification
- told that these folks were representatives of the federal government
If you feel that you are a victim of a scam, please contact:
Federal Trade Commission (FTC)
Complaint Assistant https://www.ftccomplaintassistant.gov