Are you a struggling homeowner who is contemplating your next move to resolve a financial crisis or foreclosure? As a Certified Short Sale Specialist I talk with homeowners every day that are in the midst of one of the most difficult decisions of their lives. The real challenge is seeing through the threat of foreclosure to the longer term financial position you will be left in when the dust settles.
Where are you going to be in 2 years? Where will you be in 5 years? The actions you take today will have a dramatic impact on your future. When advising my clients the goal is always to regain financial stability. That means your mortgage is no more than 31% of your gross monthly income and steps have been taken to mitigate damage to your credit.
With that goal in mind I created the Loan Modifiction - Short Sale Calculator to estimate the impact that various scenarios would have going forward. To use it just enter your loan information in the yellow fields to see the results.
By trying different scenarios you can zero in on the solution that is best for you now, and in the future. This is only a part fo the process that I go through with my clients but I find the calculator to be one fo the most revealing and enlightening.
This calculator along with accurate property value and experience gives my customers a better plan and greater liklyhood of achieving the goal of financial stability.
Take the time to look at long term results as well as short term tactics to deal with financial hardship. Especially when a short sale of loan modification with long term ramifications is involved.
Ken Crotts
Broker, Certified Short Sale Specialist
425-432-8600
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