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Foreclosure Prevention

As we all know allot of our family, friends, and co-workers are facing foreclosure or behind on their mortgage payments. Connecticut real estate has been hit hard and it is sad to see SO many people having such hard times. The sad part is I'm not sure we are even close to seeing the worst of it. The state of current economy is unknown which means we could see allot more people in trouble with their homes.

There is steps that can be taken to try and either save your home or at least sell your home with out having a foreclosure on your credit for the next 7-10 years.

Reach out for help, if you search you will find professionals out there that can assist you with either trying to work out an agreement with your lender to allow you to pay back the amount you are behind in installments or if that is not an option they can work out what is called a "Short Sale" which means the bank will allow the house to be sold lower than the current mortgage amount you owe so you can prevent having a foreclosure on your credit for the next 7-10 years and maybe even get some CASH when they house is sold in hand, instead of loosing the house ruining your credit and having no money.

www.premierrealestatepros.com

Posted by Premier Properties International on 05/04/2008 10:29 AM

Comments (10)

10 Comments on Foreclosure Prevention

Welcome to Active Rain. Make sure to check out other blogs so you can see what works and what does not.

05/04/2008 11:51 AM

by Ted Mackel Simi Valley Real Estate Simi Valley Homes (Keller Williams Realty)

Good advice! People need to reach out for help before it is too late!

Welcome to Active Rain!

05/04/2008 01:08 PM

by Kirk Westervelt - Greenville, SC Realtor (Keller Williams)

I just wanted to take a minute to say WELCOME to Active Rain. If you need any help, everyone here will help you out!

05/04/2008 09:18 PM

by Christy Powers - Pooler, Savannah Real Estate Agent (Keller Williams Coastal Area Partners)

Welcome to Active Rain! This is a great forum for sharing and for learning. Be careful though - it's HIGHLY addictive! Check out some blogs from around the world of real estate, and see just where you end up!

I look forward to reading your future posts.

05/04/2008 09:45 PM

by Bill Kennedy - Greenville SC Realtor (Keller Williams Realty Greenville Central)

Hello,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

05/04/2008 10:12 PM

by Keith Elliott Jr -"Prince William County Real Estate Expert" (RE/MAX Olympic Realty)

Welcome to activerain. Go to http://www.colonialpacificfinancial.com/ to see our commercial loan products. Colonial Pacific is a direct commercial lender and lend in all 50 states. Call me if you have any questions or want to run a scenario by me. Thank you for your consideration.

-Glenn

05/04/2008 10:21 PM

by Glenn Prieto-Commercial Real Estate Lender (Colonial Pacific Financial)

Welcome to Active Rain! For some tips on how to get started here, check out my blog entry at ActiveRain Fast-Start Tips for Quick and Easy Points

Happy blogging and good luck!

05/04/2008 11:59 PM

by Benjamin Clark - Exclusive BUYER'S AGENT - Salt Lake City, Utah (Homebuyer Representation, Inc.)

Welcome to Active Rain! For some tips on how to get started here, check out my blog entry at ActiveRain Fast-Start Tips for Quick and Easy Points

Happy blogging and good luck!

05/04/2008 11:59 PM

by Benjamin Clark - Exclusive BUYER'S AGENT - Salt Lake City, Utah (Homebuyer Representation, Inc.)

Welcome to the Rain, make sure that you browse the site and become familiar with everything this site has to offer. The more you browse the more you will learn. I have found this site to be really helpful to me. If you have any questions, please don't hesitate to email me, I will do whatever I can to help.

http://www.doreneshirley.com/

05/05/2008 07:04 AM

by The Mortgage & Property Connection

I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here. I am from Charlottesville Virginia and using Active Rain has really increased my business!

My main blog on Active Rain is here: Charlottesville Real Estate Blog, not the link at the bottom of this post.

I hope you will look into the many groups as there are some great group both local and broad based,....

enjoy!

05/06/2008 04:22 PM

by Charles McDonald (RE/MAX Assured Properties)

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