All this within the strict timeline of a looming foreclosure. Not enough time to become a legal expert or a real estate expert. Who do you ask? Who do you trust?
I am here to tell you that you have options. Good options.
Did you know that lenders accept short sales? In a short sale, the lender lets the house sell for amount SHORT of what you owe. Hence the term SHORT sale.
In an ideal short sale the lender will forgive the shortfall and you will never have to pay it back. That debt forgiveness is issued in writing. You get a copy, your short sale specialist Realtor gets a copy, and the closing attorney gets a copy. This is real and happens all the time.
You Are Strong. You Will Rebound. How Do I Know? Because You Are Reading This. You Are Not Giving Up. You Are Looking For A Solution.
If the house is bringing you down you can cut the line. A short sale is a good solution. It helps you avoid foreclosure and potential bankruptcy. In a short sale you are selling the house, not losing it. You are getting rid of the mortgage payment nightmare. There is life after a short sale. You can rent for a while and then come back in a stronger position.
Taking action gives a sense of purpose and hope
Call a short sale specialist Realtor.
Yes, call a lawyer. But be cautious of attorneys who automatically suggest you file bankruptcy. A short sale often enables you avoid bankruptcy.
If you are in a divorce situation, it's even more important you resolve the mortgage debt situation. Call a short sale Realtor who specializes in divorce short sales.
But who pays the Realtor’s commission?
The short sale lender allocates money from their proceeds to pay the Realtor. They know the seller doesn’t have the money, so they pick up the tab for you. The bank does not want to own your home, so they will pay your expenses.
Take a stand. Take action. You can do it!
Get a professional who will do the heavy lifting while keeping you in the driver’s seat.
You can do it. Please pick up the phone and start your road to recovery.