Waiting for the bank to let you know that you've reached the end of the line is not a strategy. Once that auction letter arrives, it's too late: there are no good options left. But right now, you've still got time to be proactive, stop the foreclosure and get a fresh start.
Short sales are a No-Cost-To-You solution if you're facing foreclosure.
A turbulent economy and big banking's bad behavior have put thousands of people in the same spot you're in: underwater, owing more money on your home than it's currently worth.
It's really easy to get a payment or two behind on your mortgage. Life happens to all of us. A divorce, job loss, or health problem can put you in a position where you're completely overwhelmed by your financial obligations. Then it gets really hard to figure out what you're going to do next.
If you're searching for a way out from overwhelming mortgage debt, you should know about short sales. In a short sale arrangement, your bank or mortgage company agrees to the sale of the home for less than the current mortgage owed and forgives the remainder of the balance. Your mortgage obligation is satisfied, and deficiency judgments are waived.
Short sales are very useful tools for the struggling homeowner. The Short Sale Network specializes exclusively in the arrangement and management of short sales. We're your guide and advocate, looking out for your interests throughout the process.
The downward spiral can stop - but you need to be willing to take action. A short sale is always better than a foreclosure. You avoid taking a life-changing hit to your credit while simultaneously having potentially hundreds of thousands of dollars of debt forgiven by your bank or mortgage company.
Take your future back! A short sale is an ethical, honorable way to draw a line in the sand and say, "This is where I start over." Everyone benefits: the new homeowner, the bank, who has recovered at least some of their investment, and you, finally free from an overwhelming mortgage obligation.
Sometimes doing the right thing pays off! Bankers are in the business of making money. Short sales allow lenders to recover a significant percentage of money. They're willing to pay for your participation in the process - in some cases, up to $45,000. This is cash you can use to fund your fresh start.
Typical short sale terms dictate that the bank pays the attorney's costs. The bank pays us, too. You have no obligation. We will never, ever send you a bill. There's no risk involved.
There is, however, a limited window of opportunity during which you can take advantage of the short sale option. Don't wait for a foreclosure notice - by then it can be too late! Act now to discover what your options are.