What is foreclosure?
Foreclosure results from non-payment of a mortgage
and is the final step in a delinquency proceeding. Far
too often, homeowners don’t reach out for help before
letting this happen.
The unfortunate fact is that there’s a lot more to foreclosure
than losing your home. Foreclosure carries
long-term consequences. It affects your credit. After
foreclosure it takes 7 years or more before any bank will
consider lending you money for a home again.
Yet foreclosure almost never needs to happen—especially
today.
What is a short sale?
You sell your property for less than it is worth and
the bank, realizing that some money is better than
no money at all, agrees to release you from your
obligation to the remainder of the loan. In some cases,
you are able to walk away from the loan clear of any
obligation.
Is a short sale for you?
If you are no longer able to make your home
payments, and you owe more on your mortgage
than your home is worth, you’re not alone. An
estimated one-fifth of all U.S. homeowners are
upside down on their mortgage—meaning they
owe more on their home than they could get from
selling it in today’s market.
Often the best solution for homeowners in this
situation is a short sale in which the bank agrees
to accept less than is owed on the mortgage. The
bank doesn’t want to foreclose on your home and
short sales are more common than ever before.
The situation is complicated and the stakes are
high. Never has it been more important to have a
local market advocate on your side.
For homeowners who find themselves in a challenging situation,
consulting a qualified agent who can walk them through
the option that is best for them is the first step to avoiding
foreclosure and moving forward with their lives.
As a Certified Distressed Property Expert (or CDPE), I
have special training to help people in just this situation.
I make it my mission to understand the ins and outs
of the entire process so that I can best assist as many
homeowners as possible. If you or someone you know
is in danger of losing their home to foreclosure, contact
me today for a free, confidential consultation and help
navigating the option that best suits your situation.
homeowners as possible. If you or someone you know
is in danger of losing their home to foreclosure, contact
me today for a free, confidential consultation and help
navigating the option that best suits your situation.
Sandy Wagner
Short Sale Specialist - Helping people find a way out of foreclosure
253.225.8322
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