Homeowners Facing Foreclosure Should Converse with a Realtor

By
Real Estate Agent with Realty One Group

Many homeowners already shell-shocked by the state of their financial affairs bury their heads in a hole until it's too late.  There are plenty of ways to fight back and save your home and your good credit.  Don't just stop with a call to the bank; add a Real Estate agent's name to the list. 

Your first call should be to the mortgage lender.  Banks understand the economic downfall has placed many homeowners in a corner, unable to make their payments.  Loan modifications, Repayment plans and Reinstatements are all options to help you remain in your home; but many times a loan modification or even mortgage forbearance will not work for you; this is when you give a call to a Realtor and seek ther options.  

While selling your home may not be your first choice it's surely better than a foreclosure and bad credit scores.  A real estate agent can help you negotiate with your mortgage lender and perhaps work out a short sale. 

The deal breaker here will be how long you waited to seek out help but any call for help is better than none at all. more at http://ralphandtricia.com

 

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Ralph & Tricia Bredahl

Assoc. Broker,GRI,ABR,e-PRO,SFR
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