How Can You Get Out of This House Payment Alive

1. Are you having trouble keeping up with your monthly mortgage payment?
2. Have you received a notice from your lender asking you to contact them?

Don’t ignore the problem. The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your home.

Today many homeowners find themselves upside down in their property and in financial hardship due to a challenging economy. They are uncertain as to what to do, and realize they cannot maintain the monthly payments for a home that is worth less than the actual loan balance. Some have turned to loan modification, but unfortunately a great number of homeowners who apply will not qualify. Are there any helpful answers to resolve this situation?

Some who need to sell a property which decreases in value are doing a Short Sale. A Short Sale is the ability to sell the home for the fair market value, yet the bank accepts less than what is owed on the mortgage. A number of homeowners are turning to some REALTORS® and Short Sale Negotiation Companies to facilitate a Short Sale.

One of the criteria a bank looks at is the seller’s hardship. A legitimate hardship can be found due to one or more of the following reasons:  

1. Adjustable Rate Mortgage Reset
2. Job Relocation
3. Damage to Property (natural disaster or unnatural)    
4. Death of Spouse or Co-Borrower / Death
5. Illness
6. Death
7. Loss of Job
8. Incarceration
9. Reduced Income
10. Divorce / Marital Separation
11. Failed Business
12. Medical Bills

 Ways to Avoid Foreclosure

The best way to avoid foreclosure is to prevent the filing of a Notice of Default. Lenders do not want to foreclose but will file a Notice of Default to protect their interests, if necessary. If you know you are unlikely to meet your mortgage obligation, you should act immediately and contact your lender or a specialist like myself who will find a legitimate solution to get you out of this financial mess.

A Short Sale is different from a foreclosure. A foreclosure is detrimental to ones credit score. A Short Sale is not reported on a credit report as a Short Sale, but is usually reported as “debt settled”, which is generally less damaging to one’s credit.

How long could this process take? What information will you need to find out if you qualify for a Short Sale? Please feel free to contact me with no obligation. I am here to educate you and provide you with real options and possibilities. Why trust me? Because I never put clients in a bad financial situation by selling them an overpriced home or referred them to loan sharks who sold bad loans and misled consumers with deceptive advertising. Why give the car keys to someone who drove homeowners into the ditch? I wouldn’t? Would you? If your house was on fire, would you shoot at the firefighters? I wouldn’t? Would you? I show homeowners how to buy and sell real estate correctly to build wealth. Some Create The Real Estate Malaise, WE SOLVE IT!

Warm Regards,

Andre Luc Plessis

REALTOR®, RCS-D^TM REALTOR®

Keller Williams® Realty

The Wealth Creation Team

CA DRE License # 01856185

Office: (818) 341-2972 - Cell: (310) 266-9463

Email: AndrePlessis@att.net