Recently, Jole and I have been getting one specific Real Estate question that I think may need some attention. The question is, "I got a letter from my lender saying that my house is going up for auction. What do I do now?" Well, there is really not much you can do at this point, but what we really need to do is stop this from happening.
If you are having trouble making your house payments, please find someone to help you. Talk with your lender, consult an attorney, there are many who will recommend what course of action to take, for a reasonable price. And contact a Realtor if the attorney has advised you to short sale your home.
Did you know that if you short sale your home, your chances of being able to buy another home within a couple of years are good if you keep your credit score up. But, if you let it get foreclosed on, the time that it will take to be able to buy another one will be significantly increased.
As licensed Real Estate Agents in Glendale, Arizona, we will not Short Sale a home unless the owner has consulted with an attorney. We can give you a name and number of an attorney who charges less than $100 for this service. Any Realtor that does not advise you to consult an attorney is not looking out for your best interest.
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