At Short Sale Pros, we understand that as a homeowner, falling behind on your mortgage payment or dealing with the dreaded possibility of foreclosure can be a traumatic experience and extremely stressful. If for whatever reason you are currently behind on your mortgage payments – or foresee that you will soon be unable to continue making your payments – take heart: you do have options. Quite understandably, many distressed homeowners simply give up and give in to the foreclosure process, often without being fully aware of the options available to them.
At Short Sale Pros, we understand that navigating through the foreclosure process can be a daunting prospect, especially in light of the other stresses you are dealing with. By conducting a thorough analysis of your particular situation we can assist you in identifying and implementing the best possible loss mitigation solution and help you avoid foreclosure. Short Sale Pros will diligently work on your behalf to negotiate and secure a fair agreement with your lender.
You may currently be in a position where you owe more than your home is worth, and/or because of extenuating circumstances you can no longer afford to continue making payments on your mortgage. Often the best solution in this situation is to negotiate a short sale with your lender. Also known as a real estate short pay‐off or a pre‐foreclosure workout, a short sale is an agreement with a lender to accept less than the amount owed by a borrower via a sale of the property to a third party. With this agreement, the lender releases the borrower from the mortgage, thereby preventing foreclosure.
-Michael Corradini, mike@shortsalepros.com
Tags: short sale
