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Avoid Foreclosure
 Are you having trouble making your mortgage payments and possibly facing short sale foreclosure?
Is your home worth less than the amount of mortgage you still owe?
If you answered "Yes" to both of these questions, get a list of foreclosure information, you still have options to avoid a foreclosure that cause a foreclosure eviction, put you out of your home AND ruin your credit for years.
First step: Contact your lender (or servicer) to explain your situation and prevent foreclosure, the earlier you start working with your lender, the more options you'll have to save your home, damage your credit less or both.
By contacting your lender now,
Option 1: You may be able to negotiate a repayment plan (if you've missed payments);
Option 2: Negotiate a loan modification (that would make your payments affordable);
Option 3: You may qualify for the federal government's Making Home Affordable Program, which would allow you to refinance or modify your loan so you can keep your home;
Option 4: If you contact your lender and find there is no way you can afford to keep your home, your next best option is a short sale where you sell the home before foreclosure therefore afecting your credit less.
NOTE: Be sure to ask your lender/loan servicer if you qualify to conduct a short sale under the government's Home Affordable Foreclosure prevention Alternatives program (HAFA). though you can conduct a short sale outside of this program, HAFA streamlines the process for qualified sellers and their participating lender. (See the article "HAFA Short Sale Help" for more information.)
A lender-approved short sale -- also called a short payoff -- is a process where you minimize damage to your credit by selling your home at its current market value, without owing any remaining debt to your lender.
What is a “Short Sale”?
short sale (also known as a “short pay-off” or “pre-foreclosure workout”). sometimes the bank loss mitigation is involved in order for you to get foreclosure help, and avoide foreclosure eviction, and prevent foreclosure, In real estate an agreement with your lender to accept less from your home sale than the amount you owe on the loan. In a lender-approved short sale, your lender releases you from the mortgage, thereby preventing foreclosure.
Behind on your mortgage? We can help.
Conducting a lender-approved short sale is not a simple process. A short sale requires negotiations with the lender (often more than one lender is involved) -- as well as with the buyer, who may not understand the unique twists and turns of the process, (That's where our real estate expertise becomes essential.) Still, a lender-approved short sale is not nearly as difficult as rebuilding your credit record after a foreclosure.
What is a “Short Sale”?
short sale (also known as a “short pay-off” or “pre-foreclosure workout”).
1. In real estate an agreement with your lender to accept less from your home sale than the amount you owe on the loan. In a lender-approved short sale, your lender releases you from the mortgage, thereby preventing foreclosure.
Short Sale Specialists
We understand the complexities and critical timing of short-sale procedures and can guide you each step of the way, should you decide to go this route. For starters, we've provided an important guide on this web site -- read through the information under each link to familiarize yourself with your options.
How To Avoid Foreclosure
We can sell your home or investment property no matter how much you owe. If your lender has rejected you for a loan modification, we can still help you avoid foreclosure. Absolutely.
Fill out this simple form to Get Started Today. If you are interested in a lender-approved short sale, please provide some information on our brief form. We'll evaluate your situation and contact you shortly for a Confidential Consultation. There is no obligation, and the consultation is free. Get Started Now or feel free to contact us by phone or email with any questions you have or to get the process started. We'll be happy to address all your needs and concerns!
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