HAPPY NEW YEAR! Here we are at the beginning of a brand new year! It's up to each of us to make it the best it can be!!
By all the things we have been hearing lately, it should be better than 2010 in many ways! But you may not feel that this is going to be true for you if your home is "Underwater" or "Upside Down" - meaning you no longer can stay current with your mortgage and your home is not worth as much on the current market as what you still owe on it.
However... the longer you wait to address this problem, the worse it is going to get!! You need to DO SOMETHING - NOW!
It is my opinion that our destinies are in our own hands. Yes, the economy may not recover as quickly as we'd like; that could take quite a long time yet. But we can CHOOSE to make the best of whatever our current circumstances may be, no matter how bad that may seem right now! The answers may not be what we would like to hear, but doing the right thing now to avoid having the situation get worse is the only sensible answer there is!
If you, like so many others right now, are behind in your mortgage payments and you are worried about your situation, YOU NEED TO TAKE ACTION - NOW!!! Do not waste another minute of your time or emotional/mental energy worrying! No matter what your situation, you will feel better if you just DO SOMETHING!!
Know that you are not alone! Many, many others are in the same boat as you! It may not be your fault, and you should not feel "ashamed." BUT... You must take back control of your life - NOW!!!
The first step is to CALL YOUR MORTGAGE SERVICER (especially if you have not done that yet), explain your situation, and find out what your options may be. If they indicate that you are in too deep, and you cannot figure out how to get out of it or get ahead of it, CALL A REALTOR®! There may just be something that can be done to AVOID FORECLOSURE!
A good REALTOR® can explain to you the process of using the Short Sale procedure to help you avoid losing everything in a Foreclosure. This can save you from having the horrible effects of Foreclosure on your Credit Rating & Score. Yes, selling your home in a Short Sale will still affect them, but not nearly as much or as badly as an actual Foreclosure.
Selling your home in a Short Sale procedure means that the REALTOR® will communicate with your Lender and work you through the process of having the Lender accept less than you owe on your mortgage for the sale of your home. It's complicated, and can be a long procedure, but it will be well worth it in the long run.
You will most likely need to rent for a few years before you can buy again, but you can use those years to work hard to repair your credit, save money for a down payment, get back in good financial shape, and start all over again.
DO NOT PUT THIS OFF FOR EVEN ONE MORE MINUTE!! DO IT NOW!
JUST DO IT!!!
Next New Year's Day, you may just be in a much better place than you are right now!
Step #1: Call your Mortgage Servicer and try to work out a plan to get back on course and caught up.
Step #2: Call a good REALTOR® and see what your options may be.
Do what the REALTOR® tells you to do and follow the advice they give you!
DO IT NOW!!! ...NO MATTER HOW PAINFUL IT MAY BE!
If you are in the York County area in Pennsylvania, contact me and I will do everything I can to help you with your Real Estate needs, no matter what they may be, whether buying or selling.
HAPPY NEW YEAR! Now... GO MAKE IT THE BEST IT CAN BE!