Considering a short sale? If you’re concerned that your house may go into foreclosure and you havent been able to qualify for or complete a loan assistance program, a short sale is an option to consider. Overview If you want to sell your house but its worth less than the amount remaining on the mortgage, a short sale may allow you to sell your house and settle your mortgage debt. By completing a short sale rather than allowing your house to go through foreclosure, you avoid eviction and your house wont be sold at a public sale or auction. Plus, depending on your circumstances, you could qualify for financial assistance to help with relocation costs. Im considering a short sale and I havent received an offer yet There are advantages to contacting us before you list your home for sale. We can determine an appropriate selling price and start pursuing approvals before you list the property or receive an offer. For a limited time, qualified property owners who participate in a Cooperative Short Sale or Home Affordable Foreclosure Alternatives (HAFA) program may be eligible to receive $2,500-$30,0001 in financial assistance. Call Adiel Hemingway @ 800-909-7548 Is the Cooperative Short Sale program right for me? Program goal A Cooperative Short Sale may help settle your mortgage debt and prevent foreclosure. In addition, you may qualify for financial assistance to help with relocation costs. With a Cooperative Short Sale, we can determine an appropriate list price and start pursuing approvals before you list the property or receive an offer. Eligibility You may be eligible for a Cooperative Short Sale if: Your loan is owned by a participating Bank or other participating investors. Youre not eligible for or were declined for the federal government’s Home Affordable Foreclosure Alternatives program You owe more on your house than its worth Youre experiencing a financial hardship such as reduced income, medical expenses or a divorce and youre no longer able to make payments on your home loan What if Im not eligible? If you dont meet the eligibility requirements for the Cooperative Short Sale program, it may still be possible to sell your house through a traditional short sale. If you arent able to sell your house through a traditional short sale, your next option may be deed in lieu of foreclosure. This allows you to transfer the title or ownership of the property to the owner or servicer of your home loan in order to satisfy your mortgage debt and avoid foreclosure. Please contact us to review your options. Adiel Hemingway @800-909-7548
Posted on: Fri, 07 Mar 2014 03:21:55 +0000
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