Short Sale vs Foreclosure

Short Sales vs. Foreclosure

The real estate market has caused unbearable stress and heartache for many families.  As a Certified Distressed Property Expert® and a Realtor®, I specialize in helping people who are having difficulty making their mortgage payments, are behind on their payments, owe more than the home is worth-and who must sell.

Foreclosure is NOT the only solution. Banks do NOT want to foreclose! I can help you successfully negotiate a Short Sale with your lender, save your credit and relieve the uncertainty.  Don't let others tell you to do nothing and walk away, mail your keys to the lender, or sign a deed-in-lieu of foreclosure.  A short sale is a viable option - and far less damaging to your credit, and your future, than a foreclosure.

You pay no upfront fees, no brokerage commissions or closings costs.

What is a Short Sale?   A short sale occurs when the seller owes the lender more than the property is worth - and must sell.  A Short Sale can almost always be successfully negotiated with the lender.  Lenders do not want to foreclose!  They are not in the business of owning and managing real estate.    A short sale is a way to avoid foreclosure - not a "get out of my mortgage free card."  The seller MUST have a valid financial hardship for why they can't pay their mortgage.   

Causes of Distressed Properties 

• Loss of Job
• Business Failure
• Damage to Property
• Death of a Spouse
• Death of family members
• Severe Illness
• Inheritance
• Divorce
• Relocation
• Military Service
• Payment Increase or Mortgage Adjustment
• Insurance or Tax increase
• Reduced Income
• Separation
• Too much debt
• Incarceration

Reasons to Avoid Foreclosure 

• You will always have to disclose a foreclosure on any future mortgage applications.
• Your credit score will be lowered by 300+ points and a foreclosure is the most devastating credit issue you can have.
• A foreclosure is the one credit report item that is almost impossible to have "repaired."
• Your lender can seek a deficiency judgement against you and collect for any amount they do not recuperate at bank sale.
• Many employers run credit checks on prospective emloyees and foreclosure is one of the top items that will put a potential new hire in jeopardy.
• Security clearances and government positions can be jeopardized by foreclosure.

The chance of avoiding foreclosure takes only effort and cooperation on your part.  As your agent I do all the rest and invest my time, money and effort.

As your CDPE agent I will explore every option with you and work towards a resolution.   While it may not seem like it right now, there will come a time where your current financial troubles will pass.  You will feel much better in the long run knowing that you did everything you could to avoid a foreclosure.   Hope is just a phone call away! 

941.204.9710
Website:  www.DebbieLawrence.com
Email:  Deb@DebbieLawrence.com