Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Stop Foreclosure Now! Need to Short Sale? Free Short Sale Help
For all the homeowners who are upside down and can no longer make their mortgage payment (because of either a job loss, divorce, or an option ARM that’s adjusting higher), up to now the only option was, letting the bank foreclose. A short sale may be the best option.
What is a Short Sale?
short sale, also known as a pre-foreclosure sale, is when you sell your home for less than the balance remaining on your mortgage. If your mortgage company agrees to a short sale, you can sell your home and pay off all (or a portion of) your mortgage balance with the proceeds.
Benefits for Short Sale Stop your auction sale date Retain some dignity in knowing that you sold your home. You won't suffer the social stigma of the "F" word: foreclosure. No mortgage payments to make, unless you choose to make them. You can meet the new owners. You will be eligible, under Fannie Mae guidelines, to buy another home in 2 years instead of 5 to 7 years. If your credit report does not reflect a 60-day+ late pay, under Fannie Mae guidelines, you will be eligible to buy another home immediately.
Why should you list your short sale with ... more
Are you on The Rain? Grow Your Network!