In the event you are denied a loan modification & headed for Foreclosure, the lender will advise you to do a Short Sale (meaning your bank will accept a sale amount short of what is owed in order to avoid Foreclosure). If you can no longer afford your home the HAFA Program offers $3000 to help homeowner’s transition to more affordable housing when property owners complete a Short Sale. Many owner’s are upside down on their mortgage (owe more than the current market value of their property). Many are behind on their payments and their request for a modification has been denied. In these cases is it most advantageous to owners as well as the lender to do a Short Sale because the loss of equity is not considered a hardship by the bank & thus a modification request will be denied even when you are behind on your payments. Late payments are no longer a requirement for modification as long as you are in imminent danger of Foreclosure.
As a Certified Distressed Property Specialist and Short Sale Specialist I will personally guarantee:
-Your Property will be Sold at a price your lender(s) will approve
-Within 30 Days of listing your Property will get an offer that is acceptable to you
-I Guarantee you will be 100% RELEASED from your Home Mortgage
OR I WILL PAY YOU $1000 CA$H at closing (specific state laws apply).
My Blog
Deborah Prather Blog
Tags >> foreclosure
Apr 16, 2010
What You Need to Know About Foreclosure
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.
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.
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
Feb 24, 2010
For All Distressed Sellers
Housing Downturn to continue - as your Distressed Sale Experts read valuable projections below.
From DS News:
