As housing prices begin to creep up in South Florida, many distressed homeowners are expressing a lessened sense of urgency in proactively seeking a workout solution. Many feel that they may be able to "wait out" a recovery and recoup their losses.
However, consider the following:
Both the IRS phantom income waiver, and the HAMP and HARP2 programs have already been extended and are set to expire Decemeber 31, 2013.
While that may seem like a long time off, many short sale negotiations often take at least five months, which means it is important to start thinking about a contract and marketing this summer, a few short months away. HAMP and HARP require processing time as well.
The bottom line? Be proactive. If you or friend or family member is currently in a distressed mortgage situation, it is more important than ever to begin the process of obtaining a workout solution now, before it is too late to qualify for government programs.
Call Ryan Jennings with Keller Williams Realty-Wellington to discuss options to prevent foreclosure and successfully negotiate a short sale with your mortgage lender. We can help with all types of real estate including: Vacant homes, Investment Properties, and of course your Primary Residence. You DO have options and it is not to late to prevent foreclosure. Call Ryan Jennings TODAY at (561) 313-2627 or contact via email at ryanjennings77@gmail.com.
Government programs to help homeowners avoid foreclosure are still available, but most of these programs are scheduled to end very soon.
Visit www.WPBhomes4sale.com for more information.
Call The Jennings Group for all your SHORT SALE and FORECLOSURE PREVENTION needs - (561) 313-2627 or email
Assisting homeowners successfully negotiate a short sale with their lender(s) thru-out South Florida with Specialties in: Wellington, West Palm Beach, Royal Palm Beach, Loxahatchee, Lake Worth, Boynton Beach, Delray Beach, Jupiter, Palm Beach Gardens, and Boca Raton.
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