Everyone has been touched in some way by the decline in values that we have seen in our economy recently. You may be a homeowner facing some tough decisions right now. Your home will not sell for enough to cover your mortgage.
This is a problem that many have faced and are facing now. You must move for your job, but what about your house? You have kept up your payments, but you have no choice but to move for employment. You are facing hardships (medical, job loss, divorce, the death of a spouse or family member) that you did not foresee. You can no longer keep up with your payments and maybe even face foreclosure.
There ARE options for you! Every case is different and needs to be looked at individually. What happened to your neighbor or for your cousin may not be your best choice. Luckily, there are professionals and counselors that have the training and knowledge to give you the tools to make the best decisions for you.
Foreclosure should be your last resort. It does the most damage to your credit report and score and it hurts it for a longer time than alternatives. With government programs such as HAFA, short sales are much more attractive for those that are eligible for the program. A HAFA Short Sale will relieve you of the responsibility of the “deficiency judgment”. This means that you will not be held responsible for the difference between what you owe on your mortgage and what you actually sell the home for. You may also receive $3000 in relocation assistance upon a successful closing of your short sale. Please go to www.MakingHomeAffordable.gov to see if you are eligible and to the answers to FAQ regarding this program.
Please start by contacting me now. The first step is to find out what your home may sell for on the market today. With my Team, we can meet with you briefly at your home to decide how we can get the most out of it for you. I can explain the short sale process to you and guide you to professionals that can help you with your best plan of action.
I understand how difficult this may be for you. Let me help get you moving on a positive forward path! I am SFR certified (Short Sale and Foreclosure Resouce) by the National Association of Realtors. I know how to help you.
These links may be helpful:
– Professional Attorneys and staff to help you with Foreclosure Defense and Short Sale
– Making Home Affordable – Explains options and programs to help, including HAFA eligibility
– Explains choices you have to avoid Foreclosure
Call or Email us TODAY. Waiting will not help!