Are you a home owner who is behind on your payments and have received a notice from the bank? Let's call it what it is: it sucks-plain and simple. You are not alone; although that probably doesn't make you feel any better. In many parts of the country such as Las Vegas, Phoenix and many parts of California & Florida, foreclosures are the majority of all real estate sales and transactions.
Here in Seattle, we've been pretty fortunate, but we aren't completely imune. In fact, every day there are more and more pre-foreclosure notices being sent out to local home owners.
Below, I've pasted in a letter that I use to contact folks who are facing a possible foreclosure. The fact is, you still have options, and what I do is meet in person with home owners every day, providing them with information so that they can make the best decision for their families and futures.
Dear Home Owner-
You don't know me-that's OK . . . I've contacted you because you are facing a possible foreclosure.
I'll cut to the chase-you have options, but the bottom line is that you must take some type of action.
My name is Bob Sluys-and I CAN help you chose the best solution for you and your family. I'm a fully licensed real estate agent NWMLS #50464.
FACT: You are behind on your payments, for whatever reason-and, your lender doesn't care!
FACT: BECAUSE you have received some type of "pre-foreclosure" notice from your lender, you now have 90-120 days to act, because if you do nothing, you will most likely be evicted.
The good news is that you HAVE options-let us look at what they are.
1. Obtain a loan modification. This IS probably your best solution, if you qualify. Only 3% do.
2. Sell your home and pay the bank. This only works if you have at least 8-9% equity in your home. You'll break even and walk away. I can help you with this-
3. Sell your home with a Short Sale. If your house is worth less than you owe, I will negotiate with the bank to get them to discount your balance. You need me for this, because the average non-experienced agent is only successful 21% of the time-my team closes at 85%! Already have an agent? Awesome! I can still help you AND happily pay them a referral.
*If you are already listed with an agent, this is NOT a solicitation!!
4. Foreclosure. Simply put-you walk away or wait to be evicted. This will severely damage your credit, making it virtually impossible to borrow money for up to 10 years.
YOU MUST AVOID FORECLOSURE AT ALL COSTS!
5. Bankruptcy. I am not licensed to give financial advice. I do know this-if you DO take this path, it's much better to have your mortgage settled with the bank first. Consult with your attorney.
If your only option is to sell your home I am your best choice-ESPECIALLY if it requires a short sale.
Time is of the essence. Call me today-I will meet with you personally. Zero upfront fees and no obligation. My direct line is 425-446-1878 . . . call me now.
bob@davidllc.com
PS-Thanks for reading . . . let me know if I can help you or somebody that may need assistance with a possible foreclosure situation.
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