FRESH START REALTY SOLUTIONS
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Can you really get out of this foreclosure, with your credit score and esteem intact? The answer is yes, especially if you meet these two vital conditions: 1) You must be open to the possibility that there’s a way out that won’t cost you money. Even if you have failed in your attempts before, you must be completely open and honest with yourself about what you desire to achieve. I know that it sounds simple, but many people set themselves up for failure by not genuinely being open to the possibility. 2) You will need to follow our system for completing a Short Sale with the bank, if that proves to be the solution that meets your needs. Don’t know what a “Short Sale” is? Don’t worry you’re about to learn. Just know that many companies say they know how to do work with the banks, but few do it successfully. We’ve helped many people and families to get a new start by mastering the short sale process. A Short Sale is when an offer is made on the property for less than what is owed. If you’re wondering why the bank would take less, you’re not alone. Banks confuse a lot of people, but by looking at what happens when a foreclosure takes place it’s easy to see why your lender might be willing to make a deal. A property in foreclosure is a liability for the bank, and the federal government regulates how many liabilities a lender can have on their books. Since it’s a non-performing asset, they need to get rid of the house. Usually, they do this by taking the house back at auction, but they do this knowing that they are still going to lose on the property. Sometimes it’s a complete loss. BUT if they can sell the house before it goes to auction, they can avoid the expense of the foreclosure process and still recover some of their money – even if the property sells for a steep discount. It’s not uncommon for those people who know little about real estate to be skeptical that a short sale will actually work. Perhaps you’re one of these people, and that’s okay. If you’re serious about getting out from your problem property, and tired of being bombarded by postcards, mailers, phone calls....then you’re ready for an effective, common sense, step-by-step plan for moving on to a better future. Our system for working Short Sales will help you avoid: 1) Having your credit score ruined for the next 7-10 years. 2) The bank coming after you for the difference between what you owed and what the house sold for at auction. 3) Making house payments that you no longer can afford. 4) Coming out of pocket if you have little to no equity. 5) Fixing the property up for a picky buyer. 6) Relying on an unskilled Realtor to perform or keep their promises. 7) Bankruptcy and Foreclosure. Most people don’t realize that a foreclosure on one’s credit report does much more damage than a bankruptcy. In fact, a foreclosure means that you will pay two to three times the average rate of interest on any loan for up to ten years! And the bank can still come after you for the difference between what was owed and what it sold for. If you’ve filed Chapter 7 bankruptcy and think that you’re in the clear – and you’re willing to live with the bankruptcy– think again.Once the bankruptcy has been discharged you may not owe another cent to the bank, but your lender is still expecting you to make them whole. If you allow the foreclosure to take place, your credit score and financial future will suffer from all the negative effects mentioned above. You may have decided to file Chapter 13 to postpone the auction, fine. Chapter 13 is a five-year repayment plan and you should be commended for attempting to pay back your debts. But understand if you are ONE day late in making a payment your bankruptcy will be dismissed and you will be back to where you began. At that point you will have to pay more money to an attorney to file Chapter 7. And you will still lose the house. Don’t be frozen by fear and uncertainty – feelings all to common by those faced with a problem property. If you want to find a solution, you need to make a commitment to doing something – face the issue – and begin moving forward. You can call your attorney, but he/she won’t buy your house. You can list with your agent, but the property may be too expensive to sell in today’s market. You can call a mortgage broker and attempt to refinance, but with lenders tightening their lending standards, your chances are grim. And you can attempt to work things out with the bank, but they will make sure that things are in their favor: not yours. There’s a better solution – a way out. It’s one that banks wish more people would discover: It can stop the foreclosure, save the banks money, and allow you a fresh start in a new home. You’ll have to leave your problem property behind, but you’ll move into a better situation. It’s not perfect. If what you are looking for is a quick, expensive band-aid to fix things temporarily, then you need to call another company. But if you call us, we know that our ability to stop the foreclosure is the best chance you have to solve your problem. We know how to negotiate with lenders: it’s what we do every day. We understand their quirks and their rules. Best of all, over the years we’ve developed relationships with many of them. And the cost to you . . . Nothing. We only get paid if we’re successful–and that’s through the sale of the house once we have successfully negotiated with your lender – while you get a chance for a new start. If you want to learn more, or if you have any questions, call my office right away. We’ll gather a few facts, do a little research and discuss if we think that we’re in a position to help. All information you provide will be confidential. I’ll then call you back and share what I’ve discovered. Fair enough? If it’s after hours, or you get my voicemail, please leave a message and we’ll return the call.
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