I Can't Afford My Mortgage, What Can I Do?

If you are having problems making your monthly mortgage payments and don't think you can continue, you can be proactive and avoid foreclosure.  You may qualify for a short sale.

What Is A Short Sale?

A short sale is a special transaction that allows you to sell your home—even when your mortgage debt is higher than the value of your home.  With a short sale your lender gives us permission to sell your home for less than what you owe.  They agree to sell it at a loss and absorb the costs.  A short sale can be a positive solution and can stop the lengthy legal process involved in foreclosure and save you from further financial strain.  It can also help you protect your credit score  by avoiding the effects of a foreclosure.  Short sales are generally less damaging to your credit rating than foreclosure.

How Do I Benefit From A Short Sale?

A short sale can be a positive solution and can stop the lengthy legal process involved in foreclosure and save you from further financial strain.  It can also help you protect your credit score  by avoiding the effects of a foreclosure. Short sales are generally less damaging to your credit rating than foreclosure.

For the most part, a Short Sale can appear on your credit report as a settlement on account.  Loan officers state that a Short Sale may hinder another home purchase for up to 2 years but if you have a foreclosure it can prevent you from another home purchase for up to 4 or 5 years.

Some credit counselors claim that a Foreclosure will damage your credit score by as much as 200 points more when compared to a Short Sale.  If in the future you need to borrow money for a major purchase, your chances of getting another loan at a reasonable interest rate is easier achieved without a foreclosure on your credit report.
 

How Do I Get Started?

When you contact us you will have a realtor who is experienced in short sale negotiations with various banks and lenders such as IndyMac Bank, Chase, Wells Fargo, Litton Loans, Saxon Mortgage Services, GMAC Mortgage and more.  With your permission, as your realtor and your authorized 3rd party, we will directly negotiate with your lender and manage the process for you.  We are professionally trained real estate agents who have been specifically trained on how to negotiate a settlement with your current lenders so that you can sell the property and get out from under the burden. Best of all, our commission will be paid by the bank, so you won’t have any out-of-pocket expense.
 

How Can I Afford To Pay For Your Commission When You Sell My Home As A Short Sale?

We negotiate with your lender and our fees are paid by the bank.  That means you do not pay any commission or any out of pocket expenses. You will be represented by a Realtor that specializes in short sales, manages the entire process and best of all this is a FREE SERVICE to you!

What If Foreclosure Has Already Started?  Is It Too Late?

No, in fact if a lender agrees with us to allow a short sale we should be able to put a hold on the foreclosure proceedings and stop foreclosure.

So How Do I Get Started?

Simply contact us and we will walk you through the entire process as we've done for many other home owners in your situation. 

Let us handle your short sale needs and free you of financial and emotional burdens.  Contact your short sale specialist today.