Feeling Financially Squeezed?

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.