Like a lot of difficult things in life, the first step is the hardest.
When you’ve come to the inescapable conclusion that there is just no way to keep up with your mortgage payments and that the longer you put off finding out what your options are, the worst things will be and the fewer avenues you will have open, you’re ready to do something, but what?
As a CDPE (Certified Distressed Property Expert), I know where to start and how to proceed and that is one of the biggest advantages I bring to the table on your behalf. Everyone’s time frame is different and my approach will be different depending on how much time you have.
CDPEs enjoy a 80% rate of success in Short Sales.
I’d like to see everyone exploring their options the day after they miss the first payment. Sadly, this hardly ever happens because we go into denial over our circumstances. It’s a common human reaction, but don’t let it stop you from taking a step forward. Really, there should be no foreclosures hitting the market before a loan modification, and if that did not work, a Short Sale was attempted.
Unfortunately we see foreclosures hit the market every day where the home owner gave up because they just didn’t know there was any other way.
Picture a large flow chart with your house at the beginning. On this chart there are connecting “routes” to the best outcome for you. What route is taken depends on the amount of time you have, the number of lenders to negotiate with, and even the condition of the property.
The foremost goal is to save your home. If that can’t be done, then to save your credit by Short Selling your home. So, where do you start? By getting in touch with me by email or phone. Let’s talk about what you are facing and what options are open to you.
Yes, I do short sales, but what I am after first is the best solution for YOU. I layout the options you may have after the facts of you particular situation are evaluated: loan modification, re-finance, non-profit services, federal programs,… A short sale is one solution, but you may find a better one.
Foreclosures last approximately 7 years on credit ratings. For most families that is almost half the number of years their children live at home with them.