Did you know that 1 in 7 homeowners are struggling to make their mortgage payments? It is very easy to fall behind in payments and before you know it you are on an emotional rollercoaster.
It doesn't have to be you. Take steps and control of your situation; don't let it spin out of control.
- Look up your loan to see if you qualify for a loan modification or short sale through HAFA:
- Document the cause of your distressed.
- loss of employment
- reduced income
- business failure
- damage toproperty
- death of a spouse, wage earner or other member of the family
- severe illness
- inheritance; if you are now the owner of a property you inherited and can't afford the payments.
- divorce
- relocation
- military serive
- payment increase or mortgage adjustment
- insurance or tax increase
- separation
- too much debt
- incarceration
- Contact a Certified Distressed Property Expert about the options you have to get under from your mounting mortgage debt. Do you qualify for a loan modification or have you tried that and are still struggling? Other options are available.
- Contact a Real Estate Attorney who is specialized in distressed properties
- Contact a CPA
Don't make the wrong decission making your situation worse.
- Do not pay anyone who promisses to help you sell your home in advance.
- Don't sign over the Deed!
- interview the Real Estate agent and ask the right questions. You want to make sure you are working with a REALTOR® who is experiensed and can close short sales.
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