Short Sale Gets You Out of Trouble
Is your home underwater? Do you owe more than it is worth, and you cannot afford the payments? Don’t let yourself slip further and further into trouble. This website has an abundance of resourses to help you. You might want to consider a loan modification to change the payments so you can afford them. You might look at giving the home to the lender if you only have one loan, using a deed in lieu of foreclosure. The best answer for many homeowners is a short sale where you sell the home for less than what is owed and your Realtor convinces the lenders to take the net proceeds of the sale. You do not have to pay off the rest of the loan at the closing if you qualify for a short sale.
Click the Read First tab at the top of this website and you will get a guide to the choices available to you. You can avoid foreclosure because there are several better choices. If you cannot find the answers you need, we will help you personally if you send an email to tim@TimBurrell.com because our mission is to save America, its neighborhoods and our finacial system by helping homeowners avoid foreclosre.