Foreclosure Help, Waterford, MI: Should You Walk Away from your Home? Consider a Short Sale, the New-Style"Walk-Away" Option that Reduces Credit Damage and Satisfies Your Lender

For all the homeowners who are upside down and can no longer make their mortgage payment (because of either a job loss, divorce, or the dreaded, resetting ARM), we offer options to avoid foreclosure.

You may be feeling that your only option is just letting the bank foreclose. This is the "old style" walk-away option. The upside is you stay in your home, make no payments, and save as much money as you can until the redemption period is up. This works well in Michigan, with a 6-month redemption period. The down side is you have a foreclosure on your credit report, which drastically reduces your credit score and can take up to 10 years to clean up.

Here is the "new style" walk-away option. We negotiate with your bank to get them to accept a short sale, less than what you owe on the mortgage. They sell the home, rather than have it on their books for 6 months or more, and they give you a written, full satisfaction of debt. The best part is you do not have a foreclosure on your record.

We are foreclosure specialists; we help you cope with life after foreclosure, or life after losing your home to pending foreclosure. We help you restore your bruised credit while you purchase a new home with seller financing, known as a land contract, lease option, or rent-to own.

Give us a call to help you get started. I have been in your situation; I understand how you must be feeling. So don't feel embarrassed, I am here to help you, at no cost to you.

Email homes.oakland@gmail.com

Visit http://www.oaklandmichiganhomes.com