Is time running out for someone you know?

Is someone you know facing foreclosure?

OPTIONS FOR HOMEOWNERS FACING FORECLOSURE:

*Short Sale  *Reinstatement  *Forbearance or Re-Payment Plan  *Sell the Property  *Rent the Property  *Refinance  *Mortgage Modification  *Short-Refi  *Deed-in-Lieu of Foreclosure  *Bankruptcy  *Servicemembers Civil Relief Act (SCRA) 

-A “short sale” is when the homeowner owes an amount on his property that
combined with closing costs and commission is higher than current market value.

-A “short sale” occurs when the homeowner’s mortgage company or companies agree to accept less than the full balance of the loan at closing.  A buyer closes on the property and it is “sold short”. For a lending institution to accept a “short sale”, the homeowner must demonstrate financial hardship, which is a material change in his financial situation that affects the ability to pay the mortgage.

Examples of hardships include:

-Loss of job or reduced income                                                                   
-Business failure or too much debt
-Damage to property
-Death of a spouse or family member
-Severe illness
-Divorce or separation
-Mandatory job relocation
-Medical bills
-Military service
-Incarceration
-Payment increase or mortgage adjustment
-Insurance or tax increase

Call 303-664-0000 and ask to speak to one of our Certified Distressed Property Experts

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