HelpRhome in Texas

By
Services for Real Estate Pros with Consultant

 

Help R Home

 

North TEXAS Real Estate Specialist.

17 years in the Industry.

I keep hearing the same thing online: "what do I do, my home is in trouble", "we are behind on our payments", "what will happen if we just walk away?","what happens in a foreclosure?"

North Texas Market Statistics

http://www.dorisbarnett.com/Stats.asp

Four ways to solve the problem 972-491-1000

There are four ways to deal with a house in crisis: all start with a call to the bank to the Loss Mitigation Dept.:

  • The bank may agree to let you move late payments to the end of the mortgage and just continue as before.
  • The bank may agree to renegotiate the entire mortgage and interest rate to a more affordable solution.

972-491-1000

  • The bank may agree to take the property  "Deed in Lieu" meaning instead of foreclosure. (This may have a tax impact-speak with your tax advisor)
  • or the bank may let you try to sell the property in what they call a "Short Sale" (This may have a tax impact-speak with your tax advisor)

 

 

 

Posted by

Doris Barnett NAR Certified e-PRO Trainer

RE/MAX Associates of Dallas 

1221 Abrams #130

Richardson, TX 75081

972-907-0000 x 212

 

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