First, you are not alone if you are in a situation where your payments are more than you can handle.  You are not alone if you fear you may lose your home.  You do not need to feel ashamed or embarrassed, bad things happen to very good people.

What you do need is someone who understands, is compassionate and that can HELP! 

Let's start with a definition.

Foreclosure, the sheriff comes to your home and escorts you out.  The bank "reposses" your home and sells it on the court house steps for hopefully the loan amount.  This is not pretty, this will damage your credit.  This could prevent you from renting, buying a car, getting a job, getting insurance, you name it.  Many businesses run credit checks, you want to avoid foreclosure if you can.

Short Sale, this is where the BANK agrees to allow you to sell for less than you owe them.  This is not an easy process, and you need someone who is an expert in this field.  Many Realtors have no idea how to navigate the Short Sale System, I do.

In Lieu of:  Sometimes, and it is NOT OFTEN a bank will just take back the title to your home as payment in full. 

So, what are your options.  They are varied, do not assume that just because you are behind or having difficulty making a payment you will need to Foreclose or do a Short Sale, maybe you have some equity.  This is when you need to call for HELP, sooner than later.  Don't wait until it is too late to fix or minimize the damage.

Call for help today! Consultations are always free and honest.  You may have to hear information you don't like, however, you do want the truth.  My goal is to be honest and fair.  I will try to help you in any way I can, but first you have to pick up the phone or email me.

Susan Goulding
Keller Williams Realty
209-914-5573
AR@SusanGoulding.com
www.SusanGoulding.com

When you don't know what to do, call Susan!