If All Else Fails, Homeowners Will Sell Their Homes Before a Foreclosure

About

Your Options:

 

Loan Modification: Negotiate directly with the Bank-Loss Mitigation Department to pay then back.

Short Sale: A short sale transaction occurs when mortgage lenders allow the borrower to sell the house for less than the amount owed on the mortgage.

Foreclosure: The foreclosure process occurs when lenders repossess the house, often against an owner's will. 

What are the benefits of a short sale?

 

  • Eliminate your remaining mortgage debt.
  • Avoid the negative impact of foreclosure.
  • Receive relocation assistance in some cases.

  • Start repairing your credit sooner than if you went through a foreclosure.

 

A short sale enables homeowners to stay in the home until the sale is completed and in a short sale the seller pays nothing; the lender or bank pays for the commission bill.

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FREE Consultation

The next step is to schedule a phone call so we can go over your situation and understand better the position you are in. You can schedule a Listing Consultation online, https://calendly.com/walkidiagonzalezinc/pre-foreclosure-appoint