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In Foreclosure? It’s Not Too Late…

By
Real Estate Agent with RE/MAX Executives Nampa, ID

In Foreclosure?  It’s Not Too Late…

 

If you are a home owner who faces losing your home and you have received a notice of foreclosure from your lender, it may not be too late to save your credit from a FORECLOSURE!

 

If you have tried a loan modification with no success, your next best step might be a short sale.

 

Think of this: If the bank forecloses on your house, you’re going to have to move, right?

 

So, if you sell (short sale) you will have to move as well.  Often times, a short sale may postpone the foreclosure sale and “buy you more time” in your home.

 

If you can sell through a short sale, avoid the foreclosure and possibly stay in your home a little longer, life might be just a little easier.

 

We have helped many home owners who were struggling, by selling their home and collecting our fee from their lender. Typically, the owner (seller) pays zero ($0) and they save may be able to buy another home in as little as 2 years!

 

Please contact us about Idaho Short Sales and how you might be able to avoid foreclosure.

 

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Kathy Schowe
California Lifestyle Realty - La Quinta, CA
La Quinta, California 760-333-8886

Great post Don... short-sales are an option for many home-owners... and many don't know about it!  Kathy

Feb 25, 2011 05:31 PM
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

In a short sale the seller, through their short sale Realtor, can negotiate the deficiency. In a foreclosure the lender has full control of the deficiency which could cause judgments, wage garnishments, sweeping of bank accounts and ultimately bankruptcy.

Feb 26, 2011 01:08 AM
Don Wixom
RE/MAX Executives Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Kathy, I was surprised that many didn't know the bank will pay the fee. Lots of sellers are scared to consider a short sale, thinking it will cost them money.

Dave, there are so many better options for sellers than foreclosure. It's up to us to educate them.

Feb 26, 2011 02:33 PM