Feeling
Financially Squeezed?
Escape
the Grip of Foreclosure
Beginning
a new year with the prospect
of
losing your home is a situation no one
wants
to be in. The reality is that millions of
Americans
across the country are struggling
with
unaffordable mortgage payments,
and
more than ever lenders are motivated
to
work with homeowners to come to a
resolution.
We can help inform you of your
options
and show you how to create a
strategy
that will loosen the hold that
foreclosure has on your future.
Escape the Grip
When
you began struggling with your mortgage
payments,
you may have felt that you had no way
out
of the situation. You actually have many. We will
guide
you through the process of finding which
option
is best for you. By discovering and acting on
your options, you'll have the leverage to escape the
grip of foreclosure.
Your Foreclosure
Alternatives Include:
•
Short Sale
•
Reinstatement
•
Forbearance or Repayment
•
Mortgage Modification
• Rent
the Property
•
Deed-in-Lieu
•
Bankruptcy
• Refinance
•
Servicemembers Civil Relief Act
• Sell the Property
Relieve
the Pressure
When
you owe more on your home than it is worth
and
are struggling to make payments, the pressure
you
feel can go through the roof! If you are in a
situation
where your expenses exceed your income,
have
a verifiable financial hardship and no other
assets
to pay off the balance of your mortgage,
you
may qualify for a loan modification or short sale.
We will help relieve the burden of an overwhelming
mortgage
by showing you ways to execute a
dignified
solution.
For
a Short Sale?
Do you have…
1. Financial Hardship: severe illness, military service, insurance or tax increase, etc. (Ask me for full list of acceptable hardships)
2. Monthly Shortfalls: business failure, job loss,
wage reduction, divorce, etc.
3. Insolvency:
you currently owe more money
than you have, or you are about
to reach that point
Yes? Means you may qualify for a short sale.
Calm your Fears
You
may be anxious about whether your lender is
motivated
to work out a solution with you. The reality
is
that lenders lose much less in a short sale or loan
modification
than they do in foreclosure. The costs
of
foreclosure may cost your lender up to 50% of the
loan
amount while a short sale could only cost them
from
15-30%.
Our job is to facilitate cooperation and
communication
between you and your lender and
work
toward the best solution for everyone. Knowing
this
should help you breathe a little easier when
starting
this process.
Place
Your Confidence in CDPE
With the
right assistance, the stress of facing foreclosure
becomes manageable. CDPEdesignated agents
have received the knowledge
and training necessary to assess all
possible foreclosure alternatives and pursue
homeowners’ best options. A CDPE designated agent
attends several days of intensive,
thorough training on foreclosure avoidance
and how to negotiate short sales
efficiently and ethically. The highly regarded
CDPE logo means you are working
with the most informed, up-to date resource available.
