Blog
Comments Off on Free Service – Behind on Your Mortgage?

Free Service – Behind on Your Mortgage?

If you have lost your job, had your hours reduced, divorced, loss a partner, can't rent your place, or have had a major illness and have fallen behind on your mortgage and were rejected for a loan modification you probably are not sleeping well through the night.

In fact you are getting calls several times a day from your mortgage servicer.  You are scared to answer your home phone and your cell.  Opening mail has become a dreaded event.  You hate to answer a knock on the door because it could be a summons server.

Despite your efforts you are unable to keep up with your mortgage, you have raided your savings, gotten a loan against your 401K, borrowed from family and friends and still have not been able to catch up or get your mortgage holder to help you out after months of submitting all the paperwork.

You have had it!  Your ready to give up and have the sheriff take your home!  Don't do that!  YOU HAVE OPTIONS!

How?  As a Realtor(r) that specializes in short sales I can offer you my services for FREE!  You don't pay me anything!  In fact, the majority of the time all your closing costs will be paid by your mortgage servicer/holder.  So how does this work?

If you have been denied a loan modification and are so far behind in your mortgage that in your heart you know you have to find an alternative it's time to consider a short sale.  A "short sale" is when your mortgage holder will accept less than what you currently owe on your mortgage when the house is sold!  They normally will cover most normal closing costs including, realtor's commission, attorney fee, transfer fee, and property taxes.

If you have the paperwork from your loan modification most of the work has been done for the short sale package.  You may have to update your bank statements, checkstubs and any other outdated documentation but you will have most of the required paperwork. 

So let me help you out by negotiating with your lender once we have an offer on your home.  It will be listed in our local multiple listing service and we will do all the work on marketing it to prospective buyers.  You will have to cooperate in showing your home and keeping it in showing condition to facilitate a quick sale.  If it's your primary home the majority of your debt will not be subject to taxes due to the Mortgage Forgiveness Act but again you will need to verify with your tax consultant to make sure your particular circumstances qualify.

So, instead of sleepless nights, avoiding the ringing telephone and not answering your door....give me a call!  I have helped others in your situation to go on with their lives.  With a short sale you may qualify for another FHA loan within 2 years if you are past due in your payments and if you are current you may qualify  even sooner.

Don't think this will go away unless you take that 1st step and call me.  Read about short sales on my short sale blog: http://oswegoshortsalerealtor.com/

 

 

Evelyn Santiago

Dynamic Real Estate Network, Inc.

Comments are closed.

Quick Property Search

City:
Type:
Max Price:
Min Price:
Min Rooms:
Min Baths:

Random Testimonial

  • ~ A Dream Come True

    A Dream Come True"In today's economic environment, home buyers (especially first timers like us) need an experienced professional to help them locate the right house, understand financing and legal concerns, and to simply be a reassuring friends when obstacles arise.  We could not have been happier with the guidance provided by Evelyn Santiago in our home buying adventure.  From our first showings in 18 inches of fresh snow, to finally getting keys to our new home, Evelyn was right there with us.  She was immediately available at any time, kept us informed of any information available, and made us feel like the most important clients she had ever worked with. As first time homebuyers, we weren't even sure why type of property we really wanted.  Evelyn was patient is showing us townhomes and single family homes, discussed various advantages and disadvantages of each, and helped us to determine exactly what we were looking for.  As we modified our list of desired traits in a new home, Evelyn was quick to respond by searching the MLS, suggesting properties, and setting up showings.  After seeing twenty-six different properties, we finally found the house that we knew we could call 'Home'.   Her experience and in-depth knowledge of the fluctuating home values enabled her to not only suggest an offer on the house, but she also accurately predicated the price we would pay for the home after final counter-offer negotiations completed!

  • Read more testimonials »