HAVING TROUBLE MAKING MORTGAGE PAYMENTS IN KALAMAZOO, MI??
Best option is a A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the current debtor. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrower.
So many people in Kalamazoo & Portage are struggling to make payments due to our high foreclosure rate, reduced home values, and most important lack of jobs and unemployment creeeping up over 15% this year.
So.... What are peeople doing???? Great question! Most people just stop making payments, and wait for the bank to take the home back. STOP :) There are better options to just giving up.
Contact a real estate professional that specializes in short sales like Matt Mulder with Keller Williams Realty. I have been doing short sales for over 4 years, and have been a top ranked agent in Kalamazoo.
www.KalamazooCountyShortSale.com to get started today or call me direct @ 269-350-4712.
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