No Cost Short Sale...
Is this the best solution for you?
Condos to Multi-million properties, a short sale may be the best solution for you…
What’s known: Loan Modifications are hard to come by; rarely offer principal reduction of payment; and generally require many months of frustration to get any response from your bank.
Your mortgage dept can be negotiated and will cost you nothing.
Loan modification generally requires you to fall behind three (3) months or more before the lender will talk to you.
No Cost Short Sale can be completed while current on your payments allowing you to purchase another property immediately (Per fannie Mae/Freddie Mac).
About One Forth of all mortgage holders in Southern California owe more on their mortgage than their property is worth. No Cost Short Sale helps you get away from a bad dept you can no longer afford.
A foreclosure is extremely demanding to your credit, job or promotion prospects, and will cause you to be viewed as a bad credit risk. No Cost Short Sale is viewed as a workout not a giving up; it is far less damaging on your credit than a foreclosure and it allows you to purchase another home far quicker; sometimes just a short two year wait before being able to repurchase a new home.
Foreclosure is very expensive to the bank and is damaging to local communities and the economy as a whole. No Cost Short Sale is beneficial to all involved and helps the communities, the economy and may bring stabilization to thehousing market.
ution for you