A “Home Affordable Refinance” May Help You

If you, as a homeowner, pay your mortgage on time but are unable to refinance and take advantage of today’s lower mortgage rates, it may because of the decrease in the value of your home. A Home Affordable Refinance may help. Check below to see if you qualify.

Click here to see if you qualify

How do I know I Qualify for a Short Sale?

There are many qualifying factors involved in a Short Sale.  Here’s an easy-to-understand list of (some) reasons that may have changed your situation and you may now be facing a finanical hardship and unable to make your mortgage payment(s):

• Your mortgage payment has increased (adjustment)
• Loss of job (one of the most immediate causes)
• Property has suffered damage (perhaps your insurance company did not cover the full amt of damage and you are unable to make repairs)
• Death of a spouse (if that spouse was one of the wage earners)
• Death of a family member
• Illness and medical bills (these are often unexpected and can be devastating financially)
• Divorce (often devastating financially)
• Relocating
• Reduced Income
• Other excessive debt

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Do not delay . Call me TODAY to discuss your options.

WHAT IS A SHORT SALE?

A short sale is another (and generally a better) option to a foreclosure for homeowners who need to sell, yet owe more on their home than it is currently worth. Banks, due to the overwhelming change in the Real Estate market, are much more willing to negotiate a Short Sale.  

Perhaps you feel you’re running out of time… and soon will be unable to make your mortgage payment.

Below are a few more explanations on Short Sales:

• You are ’short’ on the amount you owe on your property, verses what its market value is in today’s market.
• A ’short sale’ happens when negotiations take place between your mortgage company (or companies) to accept less than the full amount owed on your loan at closing.  A buyer will close escrow on your property, and it is then  ’sold short’ of the total value of the mortgage.

HOW  DO YOU QUALIFY FOR A SHORT SALE?

• Financial Hardship – You’ve had some situation  happen which caused you to have trouble affording your mortgage.
• Monthly Income Shortfall –  A lender will want to see that you cannot afford, or will soon be unable to afford your mortgage.
• Insolvency – You must have significant liquid assets that would allow you to pay down your mortgage.

Short Sales may sound simple, but they are a complicated process that takes the expertise of experienced professionals.  I am a Certified Distressed Property Expert and can, and will, make this process as easy as possible.