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It’s a sign of the times!
Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled. But upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll. Since 2007, 7.9 million homeowners have lost their homes to foreclosure. Current estimates are that one in four homeowners owe more on their mortgages than they could get from the sale of their home. Millions more homes will be lost to foreclosure before this real estate crisis runs its course. The sad fact is that foreclosure is not an isolated event. For months leading up to the loss of a home, financially strapped homeowners live under a cloud of uncertainty. And then for many years afterwards, the blow to credit gets in the way of buying another home or buying anything on credit. Foreclosure even complicates employment prospects. The impact of foreclosure is huge and the sad fact is that it’s often avoidable.
As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, my mission is to provide financially strapped homeowners with options to foreclosure, ensure that they steer clear of scams, and help navigate them through the solution that best meets their needs. Among the most important facts to keep in mind: the sooner help is sought, the better the options. These are tough times, but more help is available than ever before. If you or someone you care about is ready to navigate away from the dark cloud of an unmanageable mortgage and realize that hope and blue skies are within reach, contact me today and let’s get started.
No Equity? Behind on Payments? Facing Foreclosure?
Short sale maybe an option for you.
What is a Short Sale?
A short sale is an agreement with a lender to accept less
than the amount owed by a borrower. With this agreement,
the lender releases the borrower from the mortgage
The most common reasons you should consider a Short Sale:
1. You owe more on your property than it’s worth
2. Your payments have significantly increased due to an ARM interest rate adjustment
3. Your moving to a new area and can’t sell your home or afford double payments
4. You are an investor who got over extended with properties or payments
5. You lost your job or experienced a significant decline in income
6. Foreclosures in your neighborhood or area have destroyed property values
7. You want to avoid a default judgment from your lender
8. You want to avoid the credit devastation of a foreclosure
NO UPFRONT MONEY OR FEES REQUIRED
What are the Benefits to the Seller with a Short Sale?
• Eliminates mortgage debt and ongoing payments
• Seller can remain in the property during the process without making payments
• Closing costs and real estate commissions are paid by the lender
• Avoids foreclosure
• Can help avoid the need to file bankruptcy
Get Some Help
FIND AN EXPERIENCED REAL ESTATE AGENT WHO HAS DONE A SHORT SALE BEFORE. An experienced short sale agent will give you a much better chance of successfully short selling your home.
Get Started Now
The longer you wait to get started with the short sale process the less chance you have of success. You need to decide quickly to start the short sale process if you’re getting behind on your payments, or have already received a notice of default.
Follow Instructions Exactly
An experienced short sale agent will tell you what you need to do to get the house ready to sell. Don’t get too hung up about the price. If the agent wants to set a low price on the house, there is a reason behind that.
Prepare yourself emotionally
If you are already in default, or have a foreclosure pending, this whole scenario and process of trying to short sell your home can be very emotionally draining.
You will receive solicitations from everyone and their mother. You may have people stop by your home while you are still there. It can be a very difficult process.
Make sure you have people in your life to talk to about your situation. You will need a support network to help through this time in your life. It will pass. And you are being proactive in seeking a short sale of your home. You are taking the right steps, and in time, everything will work out. I can’t promise it will be easy, but you will make it!
You Need An Experienced Short Sale Agent!
CALL ME TODAY FOR YOUR PERSONAL CONSULTATION....
I am not an attorney.You should seek professional council for the issues discussed here!
Lorraine Angelil, Realtor-CDPE,SFR
London Realty Corp
Pembroke Pines, FL 33024