FORECLOSURE/SHORT SALE EXPERT

What happens during a foreclosure?

A foreclosure is the process by which your bank or the lender(s) try to recoup the monies owed to them on the loan or lien.  Short sale is a sound way to release yourself of your debt to a home, and help the economy.  We have a 99% success rate with short sales! There are four outcomes of a foreclosure.

See what people are saying about me by clicking here Testimonials.

Ask me how you can net $10,000 with a short Sale and pay off your bank!

The Four Outcomes Of A Foreclosure:

 

  1. The borrower/owner can have the loan reinstated by paying off the amount that is in default; during a grace period determined by their respective state law. This grace period has often been called pre-foreclosure.
  2. The borrower/owner sells the property to an independent third party during the grace period. This process will pay off the loan and prevent the owner from assuming negative credit and having to pay the bank.
  3. A third party buys the property at an real estate auction of some type and when the grace period ends. 

  4. The lender takes ownership of the property, usually to sell it to a third party or future resident. The lender can take ownership either through an agreement with the borrower/owner during pre-foreclosure, via a SHORT SALE or by buying back the property at the public auction. Terms that identify these properties include REO, Real Estate Owned, Short Sale, or Foreclosure.

 

CALL ME TODAY TO DISCUSS YOUR OPTIONS.  IT'S NEVER TOO LATE TO END THE ANXIETY AND WORRY.