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!
Remember...
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!
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10 Comments on ATTENTION: Homeowners Who Want To AVOID FORECLOSURE!
We know 2011 will be the best year....and the best agents get thoroughly trained in helping those people who need it the most....and you are right...no time like the present ....every best wish for a prosperous 2011 !
Paula: Just read this on Lenn's blog. This is an excellent call to action.
Sally & David: Thanks for stopping by and being the first to comment Right you are! May you have a happy &
prosperous New Year!
Valerie: Thank you so much! I was so honored that Lenn re-posted this! I thought her note she put in before
it was "spot-on" as it is very true that the best remedy to this problem is prevention!
Happy New Year!
Paula - I also just read Lenn's reblog of this. Very well written and right on. One suggestion, call loss mitigation rather than the loan department of your mortgage servicer.
Great Blog. It's how I was successful in short sales. I didn't approach the situation as a real estate agent that wanted to take the listing. I approached the situation to see what the exact problem was and to provide a solution.
Mike: Thank you for the kind comments! I appreciate that. I still think they need to call the Mortgage Servicer first if they haven't done that yet, and then go on to the Loss Mitigation. If I need to be straightened out on that, give me a call and explain it further, please. I may have missed something...
Satar: Thanks for stoping by and commenting, and I appreciate the input. That is exactly my motivation in all I do, especially these kinds of problems. Sometimes we can't help them, but can direct them to whomever can, but often we can facilitate the solution for them, and I love helping people when they don't know where to turn.
Good post Paula ! It's a shame we can't e-mail to local residents who are currently behind(without a lot of research that is)!!!
Thanks Paula, this is a great message. I'm going to re-blog this to get the message out.
Michael: Hey! What a great idea that would be, huh? I think maybe I'll use RealtyTrac to do that on a small scale. Feel free to do re-post or copy and do the same, if you want! Just give me credit for the article, please. Thank you for stopping by and commenting! Happy New Year!!! Hope to meet you someday, neighbor.
Gabe: Thank you so much! To be "Re-Blogged" is truly an honor! Thank you for stopping by and commenting! Happy New Year to you & yours!!!