Don't let your home go to foreclosure and have your mortgage company freeze your assets!

Real Estate Sales Representative with REALTY WORLD-Harbert Company, Inc.


Don’t let your home go to foreclosure/Sheriff's Sale and have your mortgage company freeze your assets when they come after you for the deficiency balance!  It can happen!




Indianapolis Short Sales and Foreclosures




There are many  ways to lose your home but having the Sheriff show up at your door is the  hardest. Then to have your mortgage company then come after you for the deficiency judgment by freezing your assets/bank account makes life even more challenging.  For owners who can’t afford to keep mortgage payments current any  longer or are behind already on their mortgage, there are alternatives to  bankruptcy or foreclosure.


One of those  options is called a "short sale."


More than half  of our listing inventory are Short Sales and Foreclosures.


When lenders  agree to do a short sale property on your home, it means the lender is accepting  less than the total amount that is owing.


It is at your  lender/s discretion whether they accept to approve your home for an  Noblesville IN Short Sale listing, but it is worth a try!


If you are  considering buying or selling Noblesville Short Sales, there could be  drawbacks. For your protection, we suggest that all borrowers:


  • Obtain legal  advice from a real estate lawyer with strong Short Sale knowledge

  • Call a CPA for  tax ramifications.


We are not CPA’s  or attorneys, so we can’t advise you on these consequences.


Lenders have  varying steps for Short Sales, but these are typical for the Short Sale  Process:


  • Call Your  Lender
    Let your  lender know you are working with an experienced Short Sale Agent that has listed  your home and that you need their Short Sale package if they require their own  packet.


  • We Will Submit  Your Letter of Authorization
    Once you  contact us to list your home as an Indianapolis Short Sale, this is one of the  first steps that we take.

  • Hardship  Letter
    Give all  details that are critical to your situation: tax increases, divorce, separation,  medical costs, job loss, etc.  We have example Hardship Letters if  you need them.


  • Proof of Income  and Assets
    You will  need truthful and honest about your financial situation and disclose assets and  all liabilities.  Your lender might require their Financial  Worksheet be filled out, and if not, we have a copy that you can  utilize.


  • Copies of Bank  Statements
    Your lender  generally needs your last two most recent months bank statements, and large  deposits or withdrawals will possibly be questioned by your  lender/s.






We have closed numerous Short  Sales: Indianapolis IN Short Sale, Greenwood IN Short SalesAvon IN Short  Sales, Mooresville IN Short Sales, Carmel IN  Short Sales, Westfield IN Shortsales.  Check more properties at no obligation:


If you are behind on your payments and are not sure  what to do, contact Heather Fitzgerald Today!




We find solutions for you!    317-371-2622





Posted by


Heather Fitzgerald

REALTY WORLD-Harbert Company, Inc.




If you need assistance in Indianapolis IN, Carmel IN, Martinsville IN, Greenwood IN, Whiteland IN, Franklin IN and surrounding areas, considering buying or selling a home, or considering the option of a Short Sale, contact us today at 317-885-8858.  We have experience in Greenwood Real Estate, Indianapolis Real Estate, Greenwood IN Short Sales, Greenwood IN Real Estate for Sale,  Franklin IN Real Esate, etc.

About the Author: Heather Fitzgerald, who has over 24 years of experience in real estate, title insurance, and lending that can be put to work for you. Heather can be reached by phone at 317-371-2622.

Areas of Service: Greenwood IN Real Estate, Indianapolis IN Real Estate, Franklin IN Real Estate, Whiteland IN Real Estate, Mooresville IN Real Estate, Martinsville IN Real Estate, Avon IN Real Estate, Carmel IN Real Estate, Westfield IN Real Estate and surrounding areas. We are experienced Greenwood IN Real Estate Agents.

Copyright © 2018 By: Heather Fitzgerald- Greenwood Real Estate For Sale. All Rights Reserved.

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Don Sabinske
Don Sabinske, Sabinske & Associates Inc. - Zimmerman, MN
Sabinske & Associates Inc.

One of the best ways to keep some liquidity is to have a bank account somewhere other than where you have your mortgage.  But, I don't give legal or financial advice to clients. 

Aug 29, 2010 03:31 PM #1
Heather Fitzgerald
REALTY WORLD-Harbert Company, Inc. - Greenwood, IN
REALTOR Greenwood Indiana Real Estate

I have actually never heard of a bank coming after your checking account, until this weekend when I came back into touch with my son's old baby sitter and this actually happened to her and also to someone else.  I didn't know the banks had gotten organized to this degree yet.

Aug 29, 2010 03:38 PM #2
Margaret C. Taylor
Century 21 New Millennium MD - Mechanicsville, MD
St Marys/Calvert/Charles MD Real Estate Agent

I didn't know this could happen.  Have people been quiet about it or is it new?  Margaret C.

Sep 04, 2010 01:51 AM #3
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Heather Fitzgerald

REALTOR Greenwood Indiana Real Estate
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