Your not alone. Due to many economical factors and other tradegies that happen in life people losing their homes to foreclosure is a fast paced phenomenon. You do have options and walking away is one of them but don't do it without a fight!! Read below to find out what you can do!
Which option works best for you?
Option #1 Refinance your mortgage. You must have equity in your home.
Option #2 Renegotiate your loan. Waive payments temporarily.
Option #3 Sell your house. Must have some equity to cover closing costs.
Option #4 Short Sale your house. Sell your house for less than you owe.
Option #5 Give your home to the bank. Deed in Lieu of Foreclosure. Affects credit.
Option #6 File bankruptcy. Not the worst choice. Affects credit rating.
Option #7 Do nothing. This is the worst choice. Seriously damages credit rating.
Your best bet like always is seek professional help!
Written by Brian Ellwanger
Four Sail Realty
We are here to help!
We are a company of licensed real estate brokers and mortgage bankers in Colorado. We specialize in helping home owners escape the foreclosure process. We fight for you. Timing is of the essence. Do not wait until it is too late. You have options. You have rights. You are not alone. We are here to help.
We are here to consult with you. You can get answers to your questions in many ways at your convenience.
CALL Toll free 1-800-234-0686 Ext 4004, press 0 to speak with a rep or press 2 to leave us a voice message.
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*The information contained on this page is for informational purposes only, and should not be considered as legal advice or legal counsel. The information is deemed reliable but not guaranteed