No One Buys a House or Gets Married Not Expecting Happily Ever After

It is never part of a life plan to get divorced when you get married...blissful looks into each other's eyes and the "till death do us part" OR the reality of ..."As long as you both shall love"vows are repeated.  Divorce is indeed...the death of a relationship. 

    Short Sales ...or the inability of a homeowner to sell their home for what it is owed...Or more likely at this time..the inability of a homeowner to pay the  mortgage for a variety of reasons.Unemployment is not at this time, runnning rampant...we have had Both spouses lose their jobs and be unable to pay the mortgage.  Feeding children, medical needs, paying utilities logically take precedence.

    In divorce, it may well be that the primary earner now has two households to support. Moving out of the former marital property,  there is now another home and utilities to pay.  Beyond that, the court may have ordered payment of maintenance and/or child support which can be withheld from a payroll check and are certainly not paid on a discretionary basis.  Debt surpasses income.

    To anyone who dares shake a finger or click their tongue...know that "life happens" and these kinds of circumstances will always be a part of real estate landscape.  The mortgage was affordable...perhaps even with one income...it is not with a lot of other living expenses that cannot be avoided. 

   SOoooo before you judge anyone else's character by what many work hard to be as temporary a financial condition as they can make it...know that a short sale is their best alternative to foreclosure.

     We have done short sales for Doctors, Dentists, Lawyers, Executives...and not having the scar of foreclosure or the lender having the option to collect the balance of the mortgage as opposed to having it forgiven ...no deficiency owed...is HUGE.  We have had mortgage debt on both residential and commerical properties of over a million dollars forgiven without deficiency charged. 

   If you or anyone you know...regardless of the amount owed...the earnings you may or may not now have.....before you slide down the slippery slope of foreclosure...Call the Hansons 414 525 0563....no matter where you in the country. If you are not in southeastern Wisconsin, we will find an agent qualified to help you.

   This has been a socially conscious and financially responsible post brought to you by Sally K. & David L. Hanson, Broker Associates with EXP Realty.