Time to buy, or time to assume!
A number of people are ready to walk away from there homes, without knowledge of a number of things they can certainly do. First of all, this is about a few examples of people our office has came accross in the past few weeks.
1. Is your loan assumable?
2. How many months are you behind?
3. What do you owe and what is your house currently worth?
4. Did you know there are people that can assume your loan?
5. Did you know, banks will settle for less if you sell your home lower than what you owe?
If you can answer a few of these and not sure about your situation, there is hope You are not alone, trust me, and thats what the National Association of Realtors are educated in doing! Teaching agents how to, deal with your situation. If you can by any chance get out of your current mortgage and give every angle possible, it might be possible.
Contact an agent of your choice and find out if you are too far in debt. Contact an expert on short sales as these Real Estate Professionals will most likelly get you out of the problem, if still possible. Do not walk away and quit making payments, as there just might be hope that you can get out of a little ripple in your life!
Good luck to you and remember you are not alone!
Dave Werth 218-790-7653
Dave Werth ABR GRI - Full Time Realtor for Fargo, Moorhead, Dilworth, Glyndon, West Fargo, Horace, Harwood, & Rural ND & MN. Licensed in ND & MN. First Time Home Buyer Educator
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