Short Sale Series-What Are My Non-Foreclosure Options?

If you are in a tough spot with your current mortgage, you may have wondered what types of non-foreclosure options are available to you.

You may qualify for one of the following “Non-Foreclosure” options:

1. Forbearance- when a lender allows you to pay back late payments over 6-12 month period.
2. Loan Modification- when a lender agrees to give you a better & more affordable interest rate.
3. Short Sale- when a lender forgives the balance after you sell your upside down house (benefits are avoiding foreclosure on your record, living in the house for free during the process and there is no cost to borrower)
4. Short Refi- when a lender discounts their payoff if another lender agrees to refinance the property.

Keisha Hosea is a licensed Realtor in the state of California. She holds designation as a Certified Short Sale Specialist and has helped numerous sellers to successfully negotiate short sales with their lenders and get their homes sold. Because you want a professional who can help you understand the market, help you with your goals and negotiate the details on your behalf, stop and call now at 1-877-534-7421 x16 for a free recorded 24 hour message. You may also dial direct at (909) 261-6377.