Getting close to Foreclosure? Have you considered a Short Sale ?
Let us Guide you through!
Are you one of the millions of homeowners who went for one of those enticing variable or adjustable rate mortgages only to see your monthly payment rise to the point where it has become extremely difficult to maintain the new payment?
Are you finding that your quality of life has diminished greatly and your home life has become very stressful as a result of your inability to afford your new mortgage payment?
If so, you are definitely not alone. In fact, you are one of many million homeowners across America that are experiencing your same dilemma. Mortgage rates are resetting higher and at a record pace. Many of those loans with those "teaser" rates are that were appealing are pushing homeowners beyond their limits.
This has lead to a drastic rise in foreclosures for sub prime borrowers as well as prime borrowers who chose the Pay Option Arms that were so popular. The window is starting to close for millions of homeowners. Most lenders are changing their terms and guidelines for a borrowers on a daily basis. Many lenders have even been forced to close their doors as a result of the default rates. Products that are here today may be gone tomorrow which eliminates many options that were previously there.
Many are faced with the question of "What am I going to do?" "How do I get out of this loan?"
We have completed several short sales and have the experience to guide you through the process. All calls are confidential. Contact Dave today.
We can even put you in contact with a mortgage professional to make sure you know all of your options.
Helping Families Avoid Foreclosure.
Don’t Let Time Run.
As a Certified Distressed Property Expert (CDPE) and Realtor, I specialize in working with sellers who are in financial distress by avoiding the devastating consequences of a foreclosure with the successful negotiation of a short sale. I can give you the expertise necessary
to save your credit, relieve the uncertainty and most of all, help your family. If you or anyone you know is struggling with their mortgage, behind in payments or in Foreclosure, I can help… Call and find out what options you may have. 203- 228- 2887.
9 Ways to Avoid Foreclosure:
REINSTATEMENT: Bring the loan current
FOREBEARANCE: Temporary repayment plan
REFINANCE: New loan with reduction in monthly payments
LOAN MODIFICATION: Modify original loan terms
SELL THE PROPERTY: Use equity to payoff or pay difference
RENT THE PROPERTY: Must make loan current
SHORT SALE: Negotiate with bank to accept sale under loan amount
DEED IN LIEU OF FORECLOSURE: “friendly foreclosure”
BANKRUPTCY: Will stall foreclosure but not prevent it
What is a CDPE? (Certified Distress Property Expert)
An Agent who has earned the CDPE Designation has dedicated their time and effort to understanding the issues distressed homeowners are dealing with. The CDPE Professional is an agent who understands the full range of solutions and is ready to help. While experiencing financial distress is difficult for any family, the process of finding a real estate professional shouldn't be. Selecting a CDPE agent ensures you are dealing with a professional ready to address your needs.
What is a Short Sale?
A
short sale
occurs when a lender agrees to
discount a loan balance due to
an economic or financial
hardship on the part of the
borrower. A short sale is a
negotiation done through the
lender's Loss mitigation
department. The distressed
homeowner hires a Licensed
REALTOR to list, market and sell
the property for its current
market value, even if less than
the outstanding balance of the
loan. Since the lender is
receiving less than what it is
owned, a short sale requires the
lender's approval before it can
reach closing.
A
short sale
is executed to prevent a home
foreclosure. Lenders will only
approve a well planned, well
prepared, well presented short
sale to avoid the costs of a
foreclosure that can reach tens
of thousands of dollars.


