Chula Vista CA Short Sales - As a Chula Vista Realtor, I can do more than just sell your house. In today's housing crisis, I am helping local families avoid foreclosure. There are many options for you to avoid foreclosure. If you want to keep your home, then you may need a short sale or a loan modification.
Loan Modification: This is where you request your lender lower your payment to an amount that you can afford. I give away a free loan modification kit to any homeowner who requests it. Depending upon how far behind you are on payments, you can usually get the missed payments tacked onto the end of the loan.
You will need to submit your financials and all supporting paperwork to your lender. They will review everything and assign a person to work with you. Everything you do from there forward will determine your fate. For example, many homeowners start negotiating a loan modification with the wrong person at the bank.
This is a fatal mistake. See, some people have permission to reduce your payment and work with you. Others are simply debt collectors disguised as loan modification staff. Their only goal is to get as much money from you as possible. When you negotiate a loan modification, make sure you avoid this and other common mistakes.
The good news is many homeowners are able to keep their home. Always keep the lines of communication open with your lender. Keep them updated as things change on your end. If you want a loan modification, then request one. If you decide to short sale, then let them know as well.
Always know your options to avoid foreclosure. Here are the nine options to avoid foreclosure.
Option #1: Do nothing and the bank forecloses.
Option #2: Loan Modification where the lender reduces your payments and you keep your home. For a free copy of my Chula Vista loan modification kit click here to request a copy.
Option #3: Reinstatement. This is where you catch up on all the back payments and keep your home.
Option #4: Refinance. This is a tough option in today's lending environment.
Option #5: Deed-In-Lieu of Foreclosure. This is where you surrender the home to the lender. It allows them to accelerate the foreclosure process. They benefit at your expense.
Option #6: Sell the property.
Option #7: Rent the property.
Option #8: Bankruptcy. A bankruptcy will stop a foreclosure for 6 months and often even longer.
Option #9: Short Sale. Do you owe more than your home is worth? You would qualify for a short sale. That is where you sell the house at today's market value and your lender agrees to accept that lower amount.
Thinking about a short sale? I can help you short sale your property and never pay the bank another penny.
Send me an e-mail at mikekwcv@gmail.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (619) 743-8884.
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thanks for reading this, Mike Watson.
Mike is a Real Estate Agent at Keller Williams.
Phone: (619) 743-8884. mikekwcv@gmail.com.
View My homes for sale at www.sellingchulavistahomes.com.
Mike Watson has lived and worked in Chula Vista California since 1999.
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