Don’t Lose Equity Due to a Foreclosure

In today’s market, more and more people know someone who is struggling with their mortgage payment as a result of a sharp increase in their interest rate, or other loan factors.

If you know someone who is facing a possible foreclosure, I have information that can help. The sooner we act to help someone in this position, the better the outcome because once a house starts to go into foreclosure, it can be difficult to stop and the ramifications can be long lasting:

• the owners may face substantial late fees
• the owners may loose all of their equity
• the owners may suffer with a mark on their credit that will take years to erase

But, this does not have to happen. There are a number of effective strategies to help the homeowner forestall a foreclosure. Renegotiating the loan is one possibility. Two other options are a short sale (sell for less than the loan amount with bank approval), or a quick sale (sell for more than the loan amount but at a lower, more attractive market price).

As a full service real estate agent, I am committed to help clients with all their housing needs. Whether it is to help preclude a foreclosure, pull equity out of their home for investment properties, or assist them in either finding a new home or selling their current one, I have the knowledge and the expertise to make the process go smoothly.

Foreclosure is a nationwide problem, but it’s also in our own backyard. If I can help you or anyone you know hold on to their home (or minimize their losses), please call or email me. I appreciate the opportunity to be your trusted real estate resource.

What is a Short Sale?

A short sale happens when the homeowner owes more on their mortgage than what the house is currently able to sell for in today’s Real Estate Market. The short sale process is usually one of the first steps in the foreclosure process. A short sale is a better option for the homeowner than foreclosure.

In a short sale process, the lender must agree to the terms and price offered by a buyer. The process takes a bit of time and knowledge and some paperwork.

Are short sales a good deal? Because foreclosure can incur lenders large expenses, lenders will often consider a short sale. It can be done quickly. Avoid foreclosure, consider our help. We are ready to work with you.

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