Mortgage Trouble? Walking away is NOT the Answer

By
Mortgage and Lending with Midland States Bank NMLS # 574956

You may have heard or read in the news about ‘strategic defaults' as a possible foreclosure-avoidance option. However, of the millions of homeowners in distress, more than 70% of homeowners proceed without seeking assistance or getting the facts about their situation.

At our Foreclosure Help web site I've prepared a free report to explain the consequences of strategic defaults and foreclosure-and the benefits of a short sale-when underwater on your mortgage. You will learn the advantages and disadvantages to all your options.

I sincerely hope you'll take advantage of this information and feel free to pass it along to anyone you know in need. Getting the right information is the key to getting back on track.

Please contact me any time with your questions or concerns.

I'm here to assist you.

Comments (3)

Stephanie McCarty
McCarty Homes - Canton, GA
REALTOR

Great post and much needed info for sellers considering this path.

I heard a term the other day that just made my skin crawl, "jump and dump".   Scary stuff.

Feb 02, 2010 06:06 AM
Bill Gillhespy
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos

Hi Tim,  Interesting issue for us all to think about.  While I am totally against this strategy I still wonder what I would do if in the same circumstance.

Feb 02, 2010 06:13 AM
C. Lloyd McKenzie
Living Albuquerque - Albuquerque, NM
Living Albuquerque

Tim,

I like your post.  But Bill's comment cuts to the heart of the issue.  What would I do if I were in the same circumstance?  It is a tough issue

Mar 14, 2010 07:08 AM