Are You Walking the Tight Rope Towards Foreclosure| Think Short Sale
In the past week I have had two
homeowners in RI real estate who have reached out to me about their dire home situations. About to lose a job and job loss (hours cut in half) for both of these couples. I told them it is NOT an option to do a foreclosure on their home…that is it. They are walking the tight rope towards foreclosure thinking that somehow someone from somewhere will rescue them. Only they can make the rescue.
An attempt at loan modification (oh, can you guess the cynicism here) and one all homeowners who are thinking foreclosure or short sale need to try to do.
Are You Walking the Tight Rope Towards Foreclosure | Think Short Sale
Foreclosure can lead to owing the Mortgage lender the deficiency balance on your outstanding mortgage amount after they foreclose on the home.
Also, it will take you longer to buy another home with a Fannie Mae mortgage for at least 7 years due to the negative hit on your credit score. Know your options? If not call me.
A short sale allows you to move on with your life in a home sale much better than a foreclosure.
Ensure you work with a skilled RI real estate short sale agent who gets short sales done for her clients. I work with an extraordinary RI legal team that does just that. Remember you do not want to walk the tight rope towards foreclosure! There are other solutions. Let us talk about whether a short sale will work for you.
Are You Walking the Tight Rope Towards Foreclosure| Think Short Sale.