Solutions for Home Owners in Financial Distress

 

The current United States real estate markets are experiencing never before seen numbers in foreclosures. Many times home owners do not think they have any solutions and have no choice but to go into default. However, there are options if the owner has legitimate hardships and is unable to afford the loan payments on their home.

SHORT SALES are becoming more and more common. A short sale takes place when a homeowner is able to negotiate the sale of their property with their bank/lender for less than the balances on their loan(s).

Our Texas Realtor is well versed in short sales and has the distinguished Certified Distress Property Expert designation. Intense training is required to gain a CDPE and knowledge of how to present a short sale package to the lenders. Many homeowners have attempted short sales with Realtors that never close or are out right rejected because the Realtor does not have all of the necessary information for the lender. Our CDPE will make sure your time is not wasted as we know time if of the essence in getting a short sale approved before foreclosure takes place.

Some homeowners in financial trouble try to sell their property as a For Sale by Owner as they do not have the funds to pay a licensed Realtor. One of the benefits of a short sale is most often the lender will pay for your Realtor commissions as part of the negotiated agreement.

Examples of hardships can include:

  • Payment Increase or Mortgage Adjustment
  • Loss of Job
  • Business Failure
  • Death of Family Member
  • Severe Illness
  • Divorce
  • Inheritance
  • Separation
  • Relocation
  • Military Service
  • Insurance or Tax Increase
  • Reduced Income
  • Too Much Debt
  • Incarceration

There is a lot of misinformation out there with the media and general public regarding the differences of foreclosure and short sales. Let us explain them to you. While there is no guarantee that we can get a short sale approved, we will discuss all potential options with you and try to save you from foreclosure. We are specialized in Texas but can refer individuals to other CDPE's throughout the country. Contact us immediately if you or anyone you know are currently having personal hardships or are about to experience financial turmoil in the near future. There is hope for you and you are not alone in your struggles. We are here to help.

 

 

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