If You Think Foreclosure is In Your Future - Read On!
If you are having problems meeting your mortgage obligations, you may think that foreclosure is your only option. But, there other alternatives you should be aware of.
If your problems are short-term, you can sometimes negotiate with your lender to do things such as:
- define a repayment plan for missed payments
- forgive a missed payment
- change the terms of your loan by freezing or reducing the interest rate
- add back payments to your loan balance
If those types of negotiations are unsuccessful, or if those approaches aren’t enough to solve your mortgage problems, you can also explore the potential for a Short Sale.
Avoid Foreclosure with a Short Sale!
A Short Sale describes a situation where your lender agrees to accept less than the total amount of your outstanding mortgage from the proceeds of a sale. Short sales are fairly complex transactions, but as a Certified Short-Sale Professional (CSP), I can help you navigate through the process of determining if your property qualifies for a short sale, marketing your home, finding a willing buyer and working with lenders and other involved parties.
Advantages of Working with a CSP
 You’ll Receive the Right Advice – Selling your home in a short sale position is unlike any sale a typical real estate agent has managed. As a CSP, I have the expertise to assist you in making informed decisions and completing a successful short sale of your home.
You’ll Increase Your Chances of Avoiding Foreclosure – A short sale is much more precarious than a regular sale of your home. Typically, if your home doesn’t sell, you’ve wasted some time. If a short sale isn’t successful, you may find yourself in foreclosure. Working with a REALTOR® who has specialized short sale training will significantly improve your chances of avoiding being foreclosed upon.
You’ll Get the Help and Expertise You Need – A critical part of a short sale is knowing who in your lender’s organization makes the final decisions. As a CSP, I will work with you to find the right person, and help you to work with that person to resolve the difference between your home’s value and what you owe.
If you’re facing foreclosure or having problems meeting your mortgage obligations, working with a CSP will give you the edge you need! Don't give up control!! Call me at 615-319-9294 today to learn more about avoiding foreclosure through a short sale, or use the form below to send an email.
Denise Ruiz
Certified Short-Sale Professional (CSP)
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