Call us today and we will make an offer to purchase your home immediately.
With the recent housing and economic crisis, you may find yourself behind on your mortgage for whatever reason and in desperate need of help on your mortgaged home. A short sale may be the answer for you.
What is a short sale?
A short sale occurs when the outstanding loans on the property are greater than what the home can be sold for.
The lender accepts less than what is owed on the home and allows the home to be sold.
We specialize in short sales. We have successfully worked with major lenders to negotiate short sales for many property owners in Florida. We will buy your house today and immediately begin to communicate directly with your lender to avoid foreclosure. A short sale is the lender's preferred choice over foreclosure. It does involves an extensive process and serious negotiation techniques which we are experienced at.
Believe it or not, a short sale is also lenders preffered option over foreclosure. A short sale can offer a smaller financial loss than foreclosing and the advantage of not having a foreclosure on your credit history. This option is the fastest way for you to walk away from your home and does not cost you anything.
Don't be afraid or embarrassed to call .... WE CAN HELP YOU! Don't give up and risk your home going into foreclosure.
Call us today for a FREE consultation.
Our service is no cost to you.
(813) 780-7355 or (800) 617-5630 ex 1(recorded message)
Email: randy@propertybuyer.org
Specific information on Short Sales and alternatives to Foreclosure:
Short Sale
A short sale in real estate occurs when the outstanding obligations (loans) against a property are greater than what the property can be sold for. Short sales are a way for homeowners to avoid foreclosure on their homes and still be able to pay off their loan by settling with lender. Believe it or not, a short sale is also your lender's preferred choice over foreclosure. If lenders don't want to approve a short sale, then why are they doing do it? A short sale can offer a smaller financial loss than foreclosing.
In this economy, short sales are the new frontier in foreclosure rescue missions! We specialize in short sales - in fact, we have successfully worked with major and minor lenders to negotiate short sales for many property owners in Florida. To get started, we will buy your house today and immediately begin to communicate directly with your lender.
This option is the fastest way for you to walk away from your home and avoid foreclosure... and it DOESN'T COST YOU A DIME! Believe it or not, a short sale is also your best choice over foreclosure. A short sale can offer a smaller financial loss than foreclosing. For the homeowner, the advantages include avoidance of having a foreclosure on their credit history and the ability to obtain a new mortgage in as little as 24 months.
Here are some of the reasons that homeowners have been approved for a short sale:
- Turned down for loan modification
- Approved for loan modification but unable to maintain payments
- Unreasonable adjustment on adjustable rate mortgage
- Unemployment
- Inability to make payments
- Divorce
- Medical emergency
- Bankruptcy
- Death
- Emergency major repairs are needed to keep the home habitable, but funds are not available
- No assets available to help make payments
Want to know more? Do you want to find out if you qualify for us to buy your property and/or negotiate the short sale of your home? Fill out the form below for a free confidential evaluation or call us TODAY (813) 312-2167 or to schedule your FREE consultation or email: andrew@propertybuyer.org
Deed in Lieu of Foreclosure
Sometimes the lender will just let you sign the deed back over to them and then hand the keys back and walk away. In today's real estate market with lenders suffering heavy losses, they want to recover as much of the loan as possible. We haven't found a lender, yet, who will consider a Deed In Lieu of Foreclosure transaction BEFORE you attempt to Short Sale your home.
Lender Refinancing or Loan Modification
Did you try to get a refinance or loan modification before March 1, 2009, and got turned down? DON'T GIVE UP! Try again by checking out the new "Making Home Affordable" program! The Making Home Affordable (MHA) Program
President Obama's plan (click here). The program has two options: the Home Affordable Refinance plan and the Home Affordable Loan Modification plan.
Home Affordable Refinance
You could be getting a second chance to get today's lower mortgage rates or a more stable home loan! The Refinance Program is for people who are current on their mortgage payments, but have been at a disadvantage due to market conditions. The basics:
- You must have an existing mortgage owned by Fannie Mae or Freddie Mac.
- You must have a solid payment history on that mortgage.
- Your mortgage must be on a one- to four-unit home.
- Your modification process must be closed before December 31, 2012.
- The balance on your first mortgage cannot exceed 105% of the current market value of your home.
Your loan servicer must be the one to tell you if you qualify - not all servicers are working with this program!
Home Affordable Loan Modification
If you're in financial trouble, you could be getting help, too! The Loan Modification program is for people who are already behind on their mortgage payments or are on the verge of falling behind. In this case, your mortgage doesn't have to be with Fannie Mae or Freddie Mac. The basics:
Your mortgage must be on a one- to four-unit home that you live in.
You must have a mortgage payment that is more than 31% of your gross income.
You must sign an affidavit of financial hardship.
Your first mortgage must have been originated on or before January 1, 2009. (Only a first mortgage is eligible for refinancing.)
Rent & Hold On
If you are current on your mortgage - or close to it - and you have been turned down for a refinance or a loan modification, you may have another option.
Consider renting your house and using the rent to pay down your mortgage until the market turns around. Even if your mortgage is $1000 per month and you can only rent your house for $800 per month, isn't that better than having to come up with the entire payment yourself?
This option involves some creative thinking on your part about who will live where, but it has worked well for some people!
We are happy to assist you with any answers or information you need directly at 813-780-7355