08/03/2022
After years of disciplined saving and careful planning, a sudden financial crisis—like unemployment, other income loss, interest rate hikes, or an unexpected debt burden—can turn your hard-won dream of home ownership into a nightmare.
If you get behind on your mortgage payments or if your mortgage is underwater (the home is worth less than the amount owed on the mortgage), homeowners have two primary options: a short sale or a foreclosure.
One way to stop a FORECLOSURE is to Conduct a Short Sale
In a short sale, you sell your real estate for less than what you owe on it. The proceeds of the sale are paid to your lender, who then will typically forgive part or all of the remaining balance. You’ll need to get approval from your lender before you can pursue this option, as they’ll have to agree to accept less than what you owe on your loan.
To know more about ways and options to stop your FORECLOSURE, please call us. We will provide you options that will fit to your needs.
PRES- PEOPLE'S REAL ESTATE SOLUTIONS is always here to help.
Contact us now!
Email: [email protected]
Phone #: 408-841-6763