Alternatives to Foreclosure
As the foreclosure rate rises drastically, millions of Americans are facing the misfortune of losing their homes. We are committed to helping homeowners find alternatives to foreclosure. No matter how severe your situation is, there might still be time to avoid this.
Options to Understand
Loan Modification is an agreement by your lender to modify your existing mortgage terms; by either reducing the loan balance, payment or interest rate, and/or by fixing your adjustable rate. Click here fore more information on Loan Modifications.
Forbearance is a repayment plan that lenders arrange for you for a predetermined period of time. This will allow you to catch up on delinquent payments, while still making your regular mortgage payments.
Deed-In-Lieu of Foreclosure allows you to turn the property and title over to the lender. This method does not allow for you to have any idea of what the property actually sells for and how much you may owe on the deficient amount, which is the same situation that a foreclosure creates.
Short Sale is an agreement by which the lender agrees to accept a payoff amount that is less than what is actually owed on the loan. As such, you cannot receive and proceeds and the lender pays all the costs of sale, including the real estate commissions, escrow and title fees, as well as some of the buyer’s closing costs in some cases. Once we have listed the property and obtained a Purchase Agreement, we begin the negotiations with your lender(s). Click Here for more information on Short Sales.
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Chances are, you or someone you know is facing the possibility of foreclosure. But you need to understand that you are not alone.
Today, nearly 1 out of every 6 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it's important to identify your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged.
Through my experience handling distressed properties at Keller Williams, I've found that homeowners today have more questions than answers about their circumstances. I have created this site to help you understand the possible solutions to foreclosure, as well as provide a detailed explanation of short sales, which may be the best course of action for some homeowners.
You may also have noticed that I'm offering you a FREE Report to explain your options and help you decide on a course of action. The idea of losing a home can be overwhelming, and I feel it is vital for you to have all the facts necessary to make an informed decision.
As an agent with the CDPE® Designation, I have a strong and unique appreciation of the factors affecting the market, and know that there are options available to you!
How May We Assist You?
We encourage you to contact us with any questions or comments! Remember, we are just a phone call 954-438-0345 or email away Pilar@MoscosoGroup.com.
Pilar Moscoso
Realtor - Keller Williams Realty
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