SHOULD WE CONSIDER DOING A SHORT SALE? Chances are if you are asking this question, you are feeling desperate....can't make your house payment or haven't made your payment in a couple of months. You may be loosing sleep at night because of fear. Maybe you or your spouse have lost your job. Please don't feel alone and with nowhere to turn. If you live in Delta County, Colorado, or anywhere in western Colorado, just give me a call -we're here to help!
First, know all your options! No two situations are alike. I know that sounds like a bit of a cliche, but it is true. Every loan is different, your hardship is different and this makes your options different. There are currently several loan modification options available depending on the type of loan you have. One of them is HAFA.
DO YOU QUALIFY FOR HAFA (Home Affordable Foreclosure Alternative)?
1) Is this your principal residence?
2) Was the first mortgage orginated before January 1, 2009?
3) Are you behind on your payments now or feel you will be soon?
4) Is your loan for no more than $729, 750?
5) Is your mortgage payment more than 31% of your gross income?
Many lenders are working to make a short sale easier to accomplish for those in your shoes. You may qualify for up to $3000 in relocation assistance as well as being fully released from future liability. Give me a call. Let me help you get out of this situation with as little pain as possible.
A Short Sale may be just the perfect solution for you - call me now - don't wait until it is TOO LATE.
Eileen Liles, Certified Distressed Property Expert
MACHT-LILES Real Estate Group-Cedaredge, Colorado
Comments(5)