Short Sales - Distressed Homeowners
Distressed property owners take control of your life and this unfortunate circumstance! Know that you are not alone and we can help.
Take a moment to review the differences and impact of your choice: Short Sale or Foreclosure -know the facts.
At JustProperties, we are Certified Distressed Property Experts with the CDPE designation and have completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.
Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
5 reasons to avoid foreclosure:
1. Homeowner will always have to disclose foreclosure on mortgage application.
2. Credit scores will be lowered by 300+ points affecting the ability to get a car, apartment, credit cards, etc.
3. Foreclosure is the one credit report item that is almost impossible to be "repaired".
4. Military and government security clearance could be at risk with foreclosure.
5. Employer credit checks on prospective employees and foreclosure is one of the top items that will put potential new hire in jeopardy.
There is a huge difference between life after foreclosure and life without foreclosure!
9 Ways to avoid Foreclosure:
Reinstatement: Bring loan current
Forebearance: Temporary repayment plan
Refinance: New loan with reduction in monthly payment
Loan Modification: Modify original loan terms
Sell Property: Use equity to payoff or pay difference
Rent Property: Requires that you bring loan current
Short Sale: Negotiate with bank to sell for less than loan amount
Deed in Lieu of Foreclosure: Friendly foreclosure
Bankruptcy: Stalls foreclosure, but may not prevent it
This real estate market has caused unbearable stress and heartache. As a Certified Distressed Property Expert and Realtor, I can give you the expertise necessary to save your credit, relieve the uncertainty, and most of all, help your family.
Contact me, John Powell, and let's get started towards the path of recovery.
