Know The Pros and Cons of Alternative Solutions to Foreclosure. There are options available to homeowners facing foreclosure. Here is a brief summary of several solutions. Your foreclosure prevention options may include: Solutions If You Want To Keep Your Home Bring your payments current (also, “reinstatement”) You pay your lender the full amount due, including […]

Should I do a Short Sale or a Loan Modification? This very question is on the mind of millions of American’s as we speak. Short Sales and Loan Modifications are two terms that were previously unheard of for most, yet they are now everyday words. As credit tightens, housing slumps, and jobs disappear, more and […]

If you’re in danger of falling behind on your mortgage, or if you’re already delinquent, it’s important to know what’s ahead and what your options are. The faster you move, the more choices you’ll have about your financial future. The timeline 30 days: Your troubles actually start as soon as you miss a single payment, […]

The easiest way for a homeowner to qualify for a short sale is if the applicant has at least one buyer who has made an offer on the house. After a property owner has an offer, the first thing to do is send the mortgage-holder the short sale application which will include a hardship letter. A […]

When I began negotiating short sales and assisting distressed homeowners (including those with over-leveraged properties who found themselves in the unfortunate position of owing more on their home than it was worth), this market was largely underserved. The reason, the majority of my colleagues simply weren’t interested in investing the time, money and effort necessary […]

Short Sale vs. Foreclosure: Which is the Better Option? With many Americans facing the very real threat of foreclosure, many are looking for ways to avoid it. One option, and a topic that has garnered a lot of industry interest, is a real estate short sale. Short sales are becoming an increasingly popular, and common, […]