YOUR MORTGAGE DOES NOT HAVE TO BE A MONSTER

Chances are, you bought your home thinking about your future. Whether this was the first home you ever bought or the last home you planned on buying, you had plans for it. It’s also likely that those plans did not include losing the home to foreclosure.

Unfortunately, when the economy took a turn for the worse, millions of homeowners found themselves facing a foreclosure that they’d never planned on.  For homeowners in this situation, it’s important that they understand that there are options that can help them avoid foreclosure. The Federal government, state and local agencies, and even major banks are more determined than ever before to stem the tide of foreclosures.

You have options, and foreclosure is not one of them!

Among the many alternatives to foreclosure, loan modifications, deeds-in-lieu, forbearance and short sales are becoming popular solutions. Many banks are even offering cash incentives that can amount to tens of thousands of dollars to encourage homeowners to pursue a short sale rather than let their home slip into foreclosure.

Short sales are becoming an increasingly more popular solution. Banks love this option because they end up getting more money than if they foreclose, and they don’t have to worry about selling distressed properties at auction. Short sales generally have less impact on a homeowner’s credit score, and gives homeowners a chance at a fresh start, allowing them to walk away with dignity.

What Do You Do Now?

Certified Distressed Property Expert Agent

As a Certified Distressed Property Expert (CDPE), I make it my business to know all of the ins-and-outs of the options that are available for people who are in danger of losing their homes. Even if you are not specifically eligible for a short sale, it is important to remember one thing:

THERE ARE OPTIONS! Contact me today and schedule your free, confidential consultation.