Don't wait for foreclosure to happen, there are alternatives. This is where a Certified Distressed Property Expert (CDPE) can help answer your questions during this emotional and financial time in your life. Call Mary today and she can walk you through the process. This is a FREE no-obligation appointment! As a CDPE and Short Sale Foreclosure Expert, Mary's goal is to save one homeowner at a time from financial heartache.
What is a CDPE? A Certified Distressed Property Expert? (CDPE) is a real estate professional designation with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today?s market, specifically short sales. Check out http://www.cdpe.com to learn how a CDPE can help you with your short sale.
What is a Short Sale? According to the National Association of REALTORS? (NAR), a short sale is defined as a transaction where title transfers; where the sale price is insufficient to pay the total of all liens and costs of sale; and where the seller does not bring sufficient liquid assets to the closing to cure all deficiencies.
If you sell your home through a Short Sale, YOU do not pay the realtor estate commission. This is handled through your mortgage holder!
Bring the loan current
Temporary repayment plan
New Loan with reduction in monthly payments
Modify original loan terms
Sell The Property
Use equity to pay off or pay difference
Rent the Property
Must Make The Loan Current
Negotiate with bank to accept salen under loan amount
Deed in Lieu of Foreclosure
Friendly Foreclosure ? Will Affect Credit Rating
Will stall foreclosure but not always prevent it
-Will Affect Credit Rating-