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Tuesday, April 26, 2011

Foreclosure is not an option!

If you can’t afford your mortgage, the last thing you want is a foreclosure because:
-you not only lose your home;
-you lose your credit, too.
There is no upside to foreclosure and it should be avoided at all costs.

NOT-SO-GOOD-NEWS:

-6.9 million properties are still more than 30 days late, or in foreclosure.
-4.4 million of those are more than 60 days late.
-Only 1 in 4 Home Affordable Modification Program (HAMP) loan modifications even make it to trial stage-less than 10% succeed. This would be 3.5% success ratio because 65% of the approved loan mods end up in default after 3 months.

GOOD NEWS:

If you’re facing foreclosure, you need to know that:
-Short sale is a much better alternative.
-Lessens the blow to your credit.
-You owe less with a short sale than you would with a foreclosure.
-Your property is sold to a third party for less than the amount owed on your loan.
-Your lender agrees to accept the sale price as payment in full.

MORE GOOD NEWS:

We will take care of the entire short sale process for you:
-We act on your behalf.
-We negotiate with your lenders to come to an agreement on the dollar amount that allows your lenders to be paid and to divest yourself of your home.
Contact us to help you discuss your options. YOU DO HAVE OPTIONS!!!
We are aggressive, knowledgeable, and experienced. Exercise your options.

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