Think Foreclosure is the only Option?

Considering a Short Sale?

If you are concerned that your house may go into foreclosure and you have not been able to qualify to refinance or a loan modification or other loan assistance programs, a short sale is an option to consider.

If you want to sell your house but it’s worth less than the amount remaining on the mortgage, a short sale may allow you to sell your house and settle your mortgage debt.

By completing a short sale rather than allowing your house to go through foreclosure, you avoid eviction and your house will not be sold at a public sale or auction. Plus, depending on your circumstances, you could qualify for financial assistance to help with relocation costs.

Short Sale is an option that can help you try to avoid Foreclosure.  I specialize in Short Sale and Foreclosures.  You can also try to do a Loan Modification.  In either case, talking to your bank is a MUST and as soon as possible is best! 

I have provided some links that can help you get some great information to help you better understand.  TIME IS OF THE ESSENCE!  If you are currently in Default, don’t wait until your home is in Foreclosure to start researching options.

Please call me immediately at 949-454-8800 to help you assess your situation.

http://homebuying.about.com/od/shortsale/qt/Short-Sale-Process.htm

http://www.fairhousingoc.org/