Foreclosure Help and Options- Series Of Articles To Help Homeowners- Part 2

Foreclosure Help and Options- Series Of Articles To Help Homeowners- Part 2

Please read the first part of this series: Foreclosure Help and Options Part 1- by clicking here.

• If you are behind in your mortgage payments,
  
• if you have received a letter from your lender saying that they are going to start foreclosure procedings
  
• or even if you have already been served with a summons and complaint paperwork-
  

You may still be able to avoid the foreclosure actually coming to completion.

There are different steps in the foreclosure process from notifications to actually going court. Since I am not an attorney I will not expound in great detail regarding the steps in this process. Nevertheless; you need to know that there are still options available to you.

One of the solutions and ways that you can avoid the foreclosure is to sell your home for less than what you own on your home which is called a short sale or quick sale.

Most homeowners have no idea that this is an option on the table for them.

To learn more about the short sale process you can click here to go our webpage that has a lot of short sale information on it for your benefit. This is not legal advice. We do not ask for your name or your email address or any contact information in order for you to read all the information there and even on this blog here. We have helped many homeowners in this same situation with this short sale information.

You can hire a short sale real estate agent or an attorney to negotiate your short sale for you. Please stay away from national companies that process short sales and ask for a fee upfront. Stay away from companies that tell you that they will buy your property from you and then sell it to someone else before you close with them. Many lenders are refusing to allow these companies to buy your property. We also strongly suggest that you DO NOT turn this into a do it yourself project. You really need someone who can negotiate for you and help guide you through the process.

In a nutshell; the short sale process consists ( but not all inclusive) of:

• listing your home for sale with an agent that knows how to do short sales,
• getting an offer on your home from a prescreened and qualified buyer,
• preparing the paperwork that your lender requires called a short sale package,
  
• checking on all the liens against the property,
  
• getting a HUD1 which is the preliminary closing statement that shows your lender what the cost to sell your home is going to be, which we get from our title company,
  
• your lender will get an estimated value ordered
  
• and then they will make a decision or send it out to the note owner whether to grant you the short sale or not and with conditions or not.

Each state is different and has different laws so this series is regarding Florida short sales and foreclosures. We go into great depth about each step of this process on our Florida short sales webpage.

We will cover more on this subject further into this series.

For information about short sales please click here.

For information about what to watch out for when seeking options click here.

Stay tuned for part 3 of this Foreclosure Help and Options- Series of Articles To Help Homeowners.

If you know of someone close to you or a neighbor who is in this situation, please forward this article to them. Call Nestor Gasset or Katerina Gasset at 561-753-0135 for more information. Your call is confidential.

To view Wellington Florida Homes For Sale Click here. We know Palm Beach County Short Sales and Port St Lucie Florida Short Sales and will help you get your home Sold if you need to Sell your home and help you buy your home in Palm Beach County Florida : Call us today.

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Foreclosure Help and Options- Series Of Articles to Help Homeowners-Part 2 was first published on South- Florida-Luxury-Living.com.