The recent U.S. housing market and national financial crisis have caused untold stress and heartache for many American families. Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. There are many options available. Following is a brief explanation of these solutions, including their benefits and drawbacks:
Forbearance or Repayment Plan
Rent the Property
Deed in Lieu of Foreclosure
Servicemembers Civil Relief Act (military personnel only)
Sell the Property
This represents only a summary of some of the solutions available to homeowners facing foreclosure. Please call me today for a free confidential evaluation of your individual situation, property value, and possible options.
Chances are, you or someone you know is facing the possibility of foreclosure. But you need to understand that you are not alone.
In recent years, many homeowners in America have become behind on mortgage payments. These is a tough and frustrating thing to go through. Now more than ever, it’s important to identify your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged.
Through our experience handling distressed properties, we’ve found that homeowners have more questions than answers about their circumstances. We have created this site to help you understand the possible solutions to foreclosure, as well as provide a detailed explanation of short sales, which may be the best course of action for some homeowners.
You may also have noticed that We’re offering you a FREE Confidential Interview to explain your options and help you decide on a course of action. The idea of losing a home can be overwhelming, and we feel it is vital for you to have all the facts necessary to make an informed decision.
As a team of agents with the CDPE® Designation, we have a strong and unique appreciation of the factors affecting the market, and know that there are options available to you.
If you would like to know more about your options, please call us at 925-362-1484.
We’re here to help … in any way we can.
We have experience closing over 200 bank owned and Short Sale transactions with all of the large banking institutions. Since 2007 when short sales had just begun to become a larger part of the marketplace we were already helping homeowners going through the unfortunate circumstances of being in default by assisting them in obtaining approval from their lender to do a short sale. Progressively over the last few years the lenders have been working more and more aggressively with short sale approvals since it can be more advantageous to both the lender and the home owner.
If you are currently in a distressed situation with your home please contact us for a confidential interview where you can learn if this or other possible solutions fit your current situation. Unfortunately too many people wait too long to ask for help.
What is a Short Sale
A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth.
In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy, plus new government programs and legislation have also improved the chances of getting a short sale approved.
But to be technical, here’s a more official definition:
For homeowners to qualify for a short sale, they must fall into some combination of one or more of the following circumstances:
This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. Together, we can identify all possible options and, when possible, as a CDPE (Certified Distressed Property Expert), assist you in the execution of a short sale transaction.