With so many in trouble with their homes, I was prompted to share a story of a client I just helped out.
John and Sally had been struggling for several years with lower income in their business. Debts mounted and soon the mortgage payment was too much. They tried for 2 years to re-negotiate their loan (loan modification) with their lender, but were strung along until one day they received (were Served) a Notice of Trustee Sale (Foreclosure date). 
The date was the following Friday! In a panic, they called me, I had been suggesting for a while they consider their Options and let me help them, but they had what I call the "Ostrich Syndrome" and had buried their heads in the sand hoping it would all work out!
We went into hyper action mode! We were able to get the Foreclosure date postponed immediately. We put the home on the market while allowing them to continue to make sure they couldn't get a loan mod from the lender (which they didn't get).
Instead of having the embarrassment of being thrown out of their home by a Sheriff, they were able to sell their home like a "normal" seller, even though we negotiated a lower payoff of their loans with the lender. We were also able to negotiate on a couple of Judgements that they had as well. Sally and John didn't want to sell their home, but were in over their heads. When it was all done, they said they felt a huge relief and weight lifted off of their shoulders. They are looking forward to moving on with their life without the debts hanging over their heads.
If you or someone you know are struggling making your house payments, your home is worth less than you owe, or you are trying unsuccessfully to negotiate a loan modification, you need to explore your OPTIONS!
Did you know, if you go through a Foreclosure it takes about 7 years to be in a position to buy a property again, vs. about 2 -3 years with a "short sale"?
Did you know that you can probably do a short sale with ABSOLUTELY NO COST to you?
Do you know your OPTIONS? Please pick up the phone or shoot me an email if you or someone you know is facing these things. I care and will give an honest, confidential consultation.
DEBBIE LYNN ~ PRUDENTIAL CALIFORNIA REALTY (SAN DIEGO AREA)
858.775.9771 ~ Homes@DebbieLynn.com
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