Your Hope Team- Assistance with Pre-foreclosure and Short Sales


Your Mortgage Does Not Have To Be A Monster
How to avoid foreclosure and put your fears to rest!!
Chances are, you bought your home thinking about your future. Whether this was the first home you ever bought or the last home you planned on buying, you had plans for it. It's also likely that those plans did not include losing the home to foreclosure.

Unfortunatly, when the economy took a turn for the worse, millions of homeowners found themselves facing a foreclosure that theyd never planned on. For homeowners int his situation, it's important that they understand that there are options that can help them avoid foreclosure. The Federal government, state and local agencies, and even major banks are more determined than ever before to stem the tide of foreclosures.

You have options and foreclosure is not one of them!
Among the many alternatives of foreclosure, loan modifications, deed-in-lieu, forbearance and short sales are becoming popular solutions. Many banks are even offering cash incentives that can amount to tens of thousands of dollars to encourage homeowners to pursue a short sale rather than let their home slip into foreclosure. Short sales are becoming an increasingly more popular solution. Banks love this option because the end up getting more money than if they foreclose, and they don't have to worry about selling distressed properties at auction. Short sales generally have less impact on a homeowner's credit score, and gives homeowners a chance at a fresh start, allowing them to walk away with dignity.

Why Would a Bank Accept a Short Sale?
It can sometimes seem to go against everything we are taught about borrowing money, but in today's market, banks will gladly accept a short sale as an alternative to foreclosure. Here are three reasons why:
1. In a short sale, the bank never owns the home - It is often overlooked, but this is one of the major reasons why banks prefer short sales. Having to take back the home and then sell it at auction is a major undertaking that can be expensive. In a short sale, there is already someone who wants to buy the home, so the hassle is taken care of.
2. The home is generally in better shape - It is a sad fact, but when people are about to lose their home to foreclosure, they will sometimes try to distance themselves emotionally from the home in order to cope. This can lead to the home not being taken care of, which makes it that much harder to sell. In a short sale, the seller is always being proactive and is generally more responsible.
3. In a short sale, the banks gets more money - Ultimately, this is the main reason. Even though the bank is not getting the full amount of the loan, the amount of the average short sale is almost always significantly higher than a foreclosure sale..


As a Real Estate professional with the Certified Distressed Property Expert designation, I offer all of my clients the benefit of the best expertise and insights within the distressed properties arena. i am tapped into major lenders, up-to-date on Federal and local government assistance programs, and a member of the real estate industry's most recognized network of professionals demonstrating the highest standards of professionalism and ethics.

Never has it been more critical to have a team of topnotch professionals in your corner. It is my mission and my passion to serve as a trusted consultant to struggling homeowners, helping them understand their circumstances, review all of their options, and then leverage my expertise and know-how in order to navigate the best possible solution. Separating the headlines from the hearsay and the hype can be challenging. There's a lot of information out there and a lot of programs are designed to help homeowners facing various forms of financial stress. I am committed to honing in on the solutions that best suit your needs!!!

What does "CDPE" mean? - As a certified distressed property expert, I have a devoted significant amount of time to educate myself on all the options that are available to homeowners in danger of losing their home to foreclosure. I have received extensive training to receive this exclusive designation. This training has taught me how to complete the processes involved in the most efficient way possible.

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