For Your Health’s Sake –Choose a Los Angeles Short Sale vs foreclosure

By
Real Estate Agent with L.A. Property Solutions BE# 01342428

If you’re having financial difficulties and finding it impossible to keep up with the payments on your Los Angeles area home, choosing a short sale over waiting for foreclosure could be just as important for your health as it is for your finances.

How can waiting for foreclosure damage your health?

stress For Your Healths Sake Choose a Los Angeles Short Sale over waiting for a foreclosure

Waiting for foreclosure causes mental and emotional stress – and stress can have a devastating effect on your health. When you simply stop making payments and wait for the bank to foreclose, you suffer from these stresses on two fronts.First is theembarrassmentof having a notice attached to your front door, so all the neighbors know you’re having problems. Even though your situation may have been caused by forces outside of your control, you might feel like going into hiding.Second, because you’ve given up control of your future, you’ll suffer fromthe stress of uncertainty.Not knowing when you’ll be required to pack up and move will prevent you from making any long range plans and will keep you in a state of constant dread.

When you choose a Los Angeles short sale over allowing a foreclosure, you will no longer feel that life is beyond your control. Your dignity will be preserved, and you will know when  the closing date will be long before you have to move.

 

And of course, a short sale will be more favorable in terms of your financial future.

The impact on your credit scores is not as severe, and you’ll be eligible to purchase another home in as little as 2 or 3 years. In some cases, you could be eligible immediately.

A short sale will also save you from any liability on a second mortgage – while a foreclosure leaves you vulnerable to a deficiency judgment.

When you work with an experienced Los Angeles short sale agent, you can take back control of your life – and protect your health by eliminating an unnecessary stress.

For more information on short sales in Los Angeles County and buying or selling property in Silver LakeEcho ParkLos Feliz, and surrounding areas, call me at 213-215-4758 and  I’ll be happy to go over the specifics of your situation with you and make recommendations on your best course of action.

ar126379313767466 For Your Healths Sake – Choose a Los Angeles Short Sale over waiting for a foreclosure
Jenny Durling
Broker Associate
L.A. Property Solutions
213-215-4758
info@LApropertySolutions.com
LApropertySolutions.com

Copyright Jenny Durling 2012 *For Your Health’s Sake – Choose a Los Angeles Short Sale over waiting for a foreclosure*
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Rainer
234,797
David Grbich
Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

Jenny - great post - sellers can control their own destiny with a short sale vs a much more stressful foreclosure option. Regards Dave

Aug 19, 2012 03:54 AM #1
Rainmaker
242,126
Jenny Durling
L.A. Property Solutions - Los Angeles, CA
For Los Angeles real estate help 213-215-4758

Hey Dave - thanks for reading and commenting. I met someone last night with a friend looking in your area - will see if I can through some biz your way.

Aug 19, 2012 04:17 AM #2
Rainmaker
3,474,614
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Jenny -- it's good for underwater homeowners to understand there are alternatives to a foreclosure.  Of course they will need to contact the appropriate legal and tax professionals in addition to the right real estate representation.   As you state, it is better to be in control of the situation rather than feeling overwhelmed.  Nicely done.

Aug 20, 2012 07:33 AM #3
Rainmaker
242,126
Jenny Durling
L.A. Property Solutions - Los Angeles, CA
For Los Angeles real estate help 213-215-4758

Thanks Michael - it's unfortunate that so many people get paralyzed by their situation and end up not taking action before it is too late.

Aug 20, 2012 07:56 AM #4
Rainmaker
622,840
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

These situations are always stressful, working with an experienced local agent makes all the difference.

Aug 24, 2012 01:50 PM #5
Rainmaker
242,126
Jenny Durling
L.A. Property Solutions - Los Angeles, CA
For Los Angeles real estate help 213-215-4758

Morgan- so true. There are times when the listing agent on a short sale is completely clueless about the best way to streamline the process!

 

Aug 24, 2012 02:21 PM #6
Ambassador
942,257
Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Truly.  Making the choice is difficult, but necessary, if you find yourself in a financial mess.

Aug 27, 2012 08:31 AM #7
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Rainmaker
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Jenny Durling

For Los Angeles real estate help 213-215-4758
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