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Facing Foreclosure?

Real Estate Agent with Century 21 Nortrh East

You May Have a Better Way Out!

There are countless hardships that can turn home ownership from a joy into a burden.  The loss of a job, medical bills, or an unexpected hike in monthly payments can all make a mortgage unaffordable.  But ignoring the bills will not make them go away, it will only make things worse.

If you need help, there are approaches that can help, but you may not be familiar with them.  One of these is a "short sale." 

In an approved short sale, the lender agrees to accept less than is owed for the property, and the homeowner is relieved of the debt.  A lender may be willing to do this because it spares a lot of hassle and expense involved in executing a foreclosure.  And typically, a short sale does far less damage to the homeowner's credit than a foreclosure does. 

If you would like to explore the possibility of a short sale for your property, avoid foreclosure, and potentially save your credit rating, contact me today.

Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ

Good luck on the Short Sales.  They taker a lot of patience to get response.

Aug 07, 2010 04:46 AM
Jenny Durling
L.A. Property Solutions - Los Angeles, CA
For Los Angeles real estate help 213-215-4758

I'm interested in working with short sale sellers as well. Are you using Foreclosure Radar to find people in preforeclosure?  That's what I have but so far have been sending written correspondence. I'm trying to determine just what to say to someone if I doorknock.  Do you have any suggestions?

Aug 07, 2010 05:04 AM
Cristina McBreairty
Century 21 Nortrh East - Windham, ME
Realtor, CDPE, SFR

I have not tried Foreclosure Radar.  Most of my short sales come from referral.  I find that many distressed homeowners are not really aware of their options.  Educating them is your best bet.  Do you provide them with lots of information when you send them something in the mail?

Aug 09, 2010 01:30 PM