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Deborah Prather Blog

The Bank does not want to Foreclose on your property.  Foreclosure is a court proceeding upon default in a mortgage that allows the bank to regain title to the property.

žž Foreclosure does not relieve you of your financial obligation. In FL Foreclosure Judgments are enforced at least 10 years including, but not limited to garnishment of wages or intercepting tax refunds, bank accounts, etc.

žž   When the bank regains title Owners & all residents will now be considered trespassing & the bank will be forced to evict evryone from the property. The legal process in FL is begining to be shortened & may only take 2 to 4 months

žž The banks were flooded with foreclosures which caused property values to depreciate with the huge over supply of REO inventory (Bank Owned Property) which has been drastically reduced in recent months with the increase in Short Sale Sellers

žž Foreclosure is a long and expensive process & at the end the it is always the Bank’s goal to get their money one way or another

   As a Licensed Mortgage Broker/Certified Distressed Property Specialist, I specialize in 
   ž     helping save distressed sellers from empending Foreclosure at NO COST   
   ž    
assisting owners facing financial hardship by exploring options to salvage their home
   ž offer extensive training to 
navigate through the loan modification process or Short Sale
   ž Personally guarantee in a Short Sale the bank will release you 100% from your
          Mortgage GUARANTEED or I will pay you $1000 CA$H (Fl law applies)

As a Loss Mitigation Specialist & Short Sale Specialist I will negotiate with your bank, in other words, I am a licensed expert designated to understand the complex marketing of these properties, unlike a traditional sale. The bank may offer you several options that could allow you to stay in your home. Acting quickly gives you the most control of your future. Doing nothing certainly results in Foreclosure, Eviction & a Deficiency Judgment collectable for over 10 years. The benefits of avoiding Foreclosure & doing a Short Sale most importantly is being 100% released from all your Mortgage Debts including Home Equity Lines of Credit, Stop Delinquency Penalties and Other Fees & saves your credit. Also, you & your family will keep your integrity by avoiding eviction & not owe a cent after closing on either your 1st Mortgage, 2nd Mortgage or Home Equity Line of Credit. Any & all taxes, leins, Association/Maintenance Fees & even code violations will be satisfied upon closing with absoluttely no out of pocket cost to you! In most cases Short Sale Sellers can buy in less than 2 years whereas a Forclosure will take many more years before you can invest in another home. To discuss your options (Short Sale, Loan Modification, Deed in Lieu & Foreclosure) or the consequences contact me.

No need to hire an expensive attorney, potentially charging high retainers & fees without resolving your delimma, because you have an expert in the field here to advise you at NO COSTS TO YOU.  There are huge benefits for everyone involved avoiding Foreclosure & we are here to help save what is left of the housing market & home values.  I’d like the opportunity to assist you in the best decision for your family. Can you afford to stay or is it best to sell & be 100% released from your Mortgage Obligation? To confidentially discuss your situation at no cost to you, call now.
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