Sellers can avoid foreclosure with a lender-approved short sale. But don't let time run out.

 Are you having trouble making your mortgage payments and possibly facing foreclosure?

 Is your home worth less than the amount of mortgage you still owe?

If you answered "Yes" to both of these questions, you still have options to avoid a foreclosure that would put you out of your home AND ruin your credit for years.

First step: Contact your lender (or servicer) to explain your situation.
The earlier you start working with your lender, the more options you'll have to save your home, save your credit or both.

By contacting your lender now,

• Option 1: You may be able to negotiate a repayment plan (if you've missed payments);
                   or,
  
• Option 2: Negotiate a loan modification (that would make your payments affordable);
                   or,
  
• Option 3: You may qualify for the federal government's Making Home Affordable Program, which would allow you to refinance or modify your loan so you can keep your home;
                   or,
  
• Option 4: If you contact your lender and find there is no way you can afford to keep your home, your next best option is a short sale where you sell the home before foreclosure ruins your credit.
  
  NOTE: Be sure to ask your lender/loan servicer if you qualify to conduct a short sale under the government's Home Affordable Foreclosure Alternatives program (HAFA). Though you can conduct a short sale outside of this program, HAFA streamlines the process for qualified sellers and their participating lender. (See the article "HAFA Short Sale Help" for more information.)

A lender-approved short sale -- also called a short payoff -- is a process where you minimize damage to your credit by selling your home at its current market value, without owing any remaining debt to your lender.

Behind on your mortgage? We can help.
Conducting a lender-approved short sale is not a simple process. A short sale requires negotiations with the lender (often more than one lender is involved) -- as well as with the buyer, who may not understand the unique twists and turns of the process. (That's where our real estate expertise becomes essential.) Still, a lender-approved short sale is not nearly as difficult as rebuilding your credit record after a foreclosure.

Short Sale Specialists
We understand the complexities and critical timing of short-sale procedures and can guide you each step of the way, should you decide to go this route. For starters, we've provided an important guide on this web site -- read through the information under each link to familiarize yourself with your options.

How To Avoid Foreclosure
We can sell your home or investment property no matter how much you owe. If your lender has rejected you for a loan modification, we can still help you avoid foreclosure. Absolutely.

REQUEST A FREE CONFIDENTIAL CONSULTATION