*Limits your ability to secure future housing.
*May limit future job prospects and advancement opportunities.
*Limits your ability to secure credit for such things as autos, medical, and other needs.
*May adversely affect ability to obtain insurance.
*High likelihood of long-term overhanging debt due to a Deficiency Judgment.
*Possible negative tax implications.
*The list goes on . . .
Your number-one priority when facing Foreclosure is to get it STOPPED! No, you probably will not be able to keep the house, but at the very least you can secure your financial future, which is a VERY important consideration. Why let the bank destroy your credit when it is completely avoidable?
Your best bet to Stop Foreclosure, save your credit, and move on with your life with limited negative financial impact is to complete a Short Sale on your property before the bank forecloses.
Now truthfully, getting Short Sales Approved is a tricky business -- one best not left to amateurs, or so-called "Certified Experts" who've done nothing more than pay a few hundred bucks to attend a two-day seminar (beware). A Short Sale, in the hands of an experienced Southeastern Michigan Short Sale Realtor has an extremely high probability of success, but almost no chance of success if done incorrectly (if you've already tried a Short Sale and failed, you know this is true).
The problem in getting Short Sale Approval is twofold:
*Banks are huge, understaffed organizations, with underpaid and under trained workers that couldn't care less how long your Short Sale file sits before it gets approved or denied.
*The Short Sale Process is highly structured and even one tiny misstep (e.g.: not getting a simple signature in by a certain date) can cause the file to be denied and the Foreclosure to proceed again.
While it's almost always true that the line-staff at the banks are clueless and couldn't care less about your outcome, it's also true that the banks as institutions’
The key to Short Sale success is to understand this disconnect between the banking institutions and their line-staffs, and knowing how to use this reality to your advantage during the negotiating process. This is something you do not pick up in a two-day seminar, but only after many years of experience in the real estate arena after having closed many Short Sale transactions.
While the average real estate agent has very little actual Short Sale experience and or negotiating experience with mortgage companies, a trained CDPE Short Sale Team will have years of such experience, as well as affiliations with Bankruptcy Attorneys, Real Estate Attorneys, Title Companies, and other allied professionals who can virtually ensure a successful Short Sale.
Lori Brown and has helped well over 100 Southeastern Michigan homeowners who were facing Foreclosure, STOP the Foreclosure process so her clients were able Short Sale their property to , avoid deficiency judgment, and move on with their lives without the stigma and long-term overhanging debt that a Foreclosure will bring.
For more information on how to avoid foreclosure, call Lori Brown, CDPE Realtor with RE/MAX Advisors at 810-543-8896 or you can visit her website at: www.LoriBrownSales.com
Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me Lori Brown an e-mail at Lori@LoriBrownSales.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me Lori Brown at 810-543-8896
Thanks for reading, Lori Brown.
Lori Brown is a CDPE-Realtor at RE/MAX Advisors.
Office 586-725-1900 Email Lori@LoriBrownSales.com
Lori Brown specializes in assisting homeowners facing financial difficulties in Macomb and St. Clair Counties, including all areas of Southeastern Michigan. By exploring options to avoid foreclosure through dignified solutions including the short sales process, clients receive sound real estate advice.
Support4 Sellers.com is a helpful resource that offers homeowners alternatives besides foreclosure or bankruptcy that can affect their credit for years.
We are currently offering our services in Bruce Township, Washington Township, Armada, Ray Township, Richmond, Lenox, Shelby Township, Macomb Township, Chesterfield Township, Sterling Heights, Clinton Township, and Harrison Township in Macomb County and Berlin Township, Riley Township, Wales Township, Kimball Township, Port Huron, Columbus Township, St. Clair Township, Casco Township, China & East China Townships, Ira Township, Cottrellville Township, Clay Township and Algonac in the St. Clair County areas.
IMPORTANT GOVERNMENT DISCLOSURE: You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.