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Should I save my home and fight the foreclosure?

By
Education & Training with Sell Fast Realty

Should I save my home and fight the foreclosure?

You may be struggling with this question.  Should I try and save my house?  If you can afford to stay in your house at a comfortable payment, then I can refer you to a non-profit organization that will help you fight the foreclosure.  Your monthly payment will be paid directly to that organization and they will provide you with your own attorney.  There is no guarantee that they will be able to help you keep your house.  Sometimes, sellers will end up doing a short sale anyway.  However, there are several things that they look for regarding your purchase of the house which may work in your favor.  Did your lender do everything right?  Is there any fraud that can be exposed in your defense?  You can go to www.frfvideo.org for more information. Only you can make the decision whether you want to stay in your home.  Please consider some of these things:

  • Can you afford a monthly payment equal to the current value of the house?
  • How long do you think it will take for the economy to turn around and recover to the point where the value of the house returns to the purchase price when you first bought the property?

When can I buy a home again?

I have seen sellers who have purchased a home using conventional financing as early as 2 years after filing bankruptcy and/or conducting a short sale.  The mortgage industry is changing daily and there are many variables to consider.  I have private lenders (individuals) who are willing to finance owner occupants that have 20% down.  Many sellers decide to purchase a home as a lease options and/or just rent until they are able to repair their credit.

What’s the next step for me?

Take Action Now by calling us at 407-888-3433 or call the Sell Fast Realty Agent who provided you with this Special Report.  You can also go online at www.SellFastRealty.com or www.freefactsaboutforeclosure.com/ and fill out the contact information.  Please be sure to fill out the form completely for a quicker response.  We will contact you personally within 24 hours to tell you how our expert short sale team can relieve your stress….. Our #1 Focus is YOU!  I am honored that I can educate you with the true facts about foreclosure.  I am sure you have some more questions after reading this Special Report and we look forward to discussing them with you on a personal and confidential call with you.

Kimberlee Frank
Real Estate Broker & Short Sale Negotiating Expert
407-888-3433
www.shortsalenegotiating.com
Posted by

Kimberlee Frank

 

 

Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

Good for you in encouraging people to fight the good fight.  There are those who do want to help others!  Good info!  Kudos!

Nov 05, 2011 04:46 PM
Ted J. Macy
Top Agents Atlanta Metro - Milton, GA

Kimberly, This is great information, thanks, this is a book mark

Nov 05, 2011 04:54 PM
Chandler Real Estate Liz Harris, MBA
Liz Harris Realty - Chandler, AZ
#ChandlerRealEstateAgent

Nice post... it is an extremely interesting time for the homewoners... lots of decisions to make!

Nov 05, 2011 04:54 PM
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

It may be a good time for a homeowner to look at their finances to determine if it is worth the fight to save their home. Does it makes sense financially in the long term?

Nov 05, 2011 06:39 PM
Kimberlee Frank
Sell Fast Realty - Oviedo, FL

Thanks all - it is a very stressful time to choose whether to save a home and fight the foreclosure or do a short sale.  Many Selles just walk away not knowing the bank can come back after them for 25 years.  Since I have personally been through the short sale and foreclosure process, I really understand the sellers.  I have become a master negotiator in short sales and have saved Sellers over 37 Million Dollars and counting when doing short sales.  I recorded a 2 day live event on how to negotiate which is one of the major steps to a successful short sale including 12 other steps.  Check out www.shortsalenegotiating.com - Keep helping our Sellers they really do need it!!!

Nov 06, 2011 02:41 PM