For the hundreds of people in beautiful Southern Oregon that owe more than their house is worth in this market of values that continue to trend downwards there is hope! Its called a Short Sale!
If you live anywhere in Jackson County including the towns of Medford, Central Point, Ashland, and Eagle Point or any of the surrounding areas and you are behind in your payments or in a must sell situation, find a licensed realtor that has experience in the foreclosure & preforeclosure arena.
Why? It's a great way to save your house from foreclosure and your credit from being destroyed by a forclosure sale on your record. For example, lets say you bought your home at the peak of the market in September of 2005 for $400,000, but through circumstances out of your control (divorce, job loss, medical bills, etc.) you now find yourself unable to continue to keep your payments current and realize your house is now only worth $300,000. You have a few options (please consult your local legal and financial advisors for which options are best for your personal situation)
- Bankruptcy
- Foreclosure
- Sell Your home in a "short sale"
If the third option is your best option, my advice is to find a realtor with a lot of experience in working with banks to make a short sale happen to help you out of the situation you find yourself in. There is hope! To see some short sales that are currently available, feel free to visit our website below:
www.southernoregonfreehomeinfo.com
www.topsouthernoregonagent.com
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