Foreclosure Avoidance Option -10

Foreclosure Avoidance Options


Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:

Option #10:  SHORT SALE

If a homeowner owes more on their property than it is currently worth, then they can hire a qualified CDPE Real Estate Agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of the home purchase and the date of the short sale negotiation. Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation, and more.


This represents only one of the solutions available to homeowners facing foreclosure and the conclusion of Foreclosure Avoidance Options.
Understanding your options now could mean all the difference in the world.

I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.