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Did You Lose Your Income? Many homeowners are at risk of losing their home now or in the future. If you are one of the MILLIONS that face this dilemma, you are not alone. You may have already found that you owe more than your home is worth. Home values are determined by actual sales. If your neighborhood is riddled with foreclosures, your property value will likely suffer. This creates a vicious cycle for the homeowner. As your income suffers due to job losses, medical issues, inability to refinance and staggering food and gas prices, you may find it difficult or impossible to make your mortgage payment. We are in tough economic times. You may feel that you have failed and
are looking for a way out. Foreclosure is NOT the ONLY Solution! Don't shy away and just wait for your home to be foreclosed. Banks don't want your home any more than you want to lose your home. Banks are OVERWHELMED with foreclosures. As foreclosures increase in the Denver Metro area, home values have taken a nose dive. The media does not help as they continue to tell the public we are in a doom and gloom situation. Not every neighborhood or homeowner fits neatly in the descriptions provided in daily news reports. What Is A Short Sale? A short sale is an agreement between the homeowner and the lender (also called the lien holder, mortgage holder, note holder or bank) to accept an offer for less than the total amount owed on the home. The "deficiency" is the difference between the amount owed and what the bank collects at the sale of the home. How Do I Qualify? You Don't Need To Be Behind On Your Mortgage To Request A Short Sale You Must Demonstrate That Your Home Cannot Be Sold For What You Owe Demonstrate That You Have A Financial Hardship SHORT SALE vs. FORECLOSURE Don't be misled thinking that a short sale is the same as a foreclosure. It's simply not. In a foreclosure, the homeowner falls several months behind on their payments. After unsuccessful attempts by the lender to resolve the issue, the homeowner is declared in default by a judge and the bank repossesses the home and subsequently sells it. In almost all cases the bank pursues the homeowner for the deficiency. In most cases, this forces the homeowner to file for bankruptcy protection. With a Short Sale, we negotiate with the lender to accept a payoff and consider the debt "settled". YOU NEED A SEASONED PROFESSIONAL TO ORCHESTRATE A SUCCESSFUL SHORT SALE! Home Source Group is committed to helping homeowners avoid foreclosure We are licensed Real Estate Brokers in Colorado. No matter what your situation is, you have alternatives. Take some time and check out your options. We are highly skilled in all phases of negotiation. We've made the process affordable and fair for the consumer. To Learn More About How Are Proven Short Sale System Works 
NUMBER1EXPERT® © Homes Media Solutions™, a division of Dominion Enterprises and/or its clients. All rights reserved. All information deemed reliable but not guaranteed. |
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