
3 reasons to call me:
There is no reason to let the bank foreclosure. You do have options. We offer FREE short sale services for homeowners facing foreclosure. Our team specializes in saving people from foreclosure and we can help you too. We are full time, expierenced Brokers licensed in the State of Oregon.
Here you can research, learn, ask questions and explore all your options. There is no cost to the home seller if we do a short sale, the bank will pay us. Good people need second chances too. Our mission is to carry the burden for home owners in the Portland Metro area that are facing foreclosure. We are local and licensed Realtors that specialize in distressed properties. Our services are free when we short sale a home.
We do not capitalize on your loss. We evaluate your home and determine if there is any equity in your home. If there is, then YOU keep the profit from the sale of your home. Many times investors will offer to “save” you from foreclosure with the intent to under pay you for your home and capitalize on your misfortune. Sometimes making tens of thousands of dollars. You deserve quality and dedicated representation.
Our goals are simple, to help You Stop Foreclosure. As experts in the foreclosure business we help you find a strategy that will help stop foreclosure. We are not investors that try to profit on your situation. Stop your home from being sold on the courthouse steps. We use a series of proven strategies to help stop foreclosure that have proven results. We evaluate your situation, determine the best strategy, and put that plan into action for you.
Apart from saving you from the foreclosure, selling your home to get out of debt does offer a number of different advantages. One of which is that you would be able to pay back your loan or mortgage as well as some or all of your debt. This would allow a fresh start after selling your home.
Once you have decided that selling your home in order to pay off your outstanding debt to avoid a foreclosure is the only option that you have, there are some things that you would need to first take into careful consideration.
While selling your home may already be a major decision for any homeowner facing an impending foreclosure to do, it still has its limitation. This limitation is dictated by the amount of your outstanding debt. If you determine that your home is going to be selling for an amount lower than the total outstanding debt you currently have, then you should consider a short sale. Another way you can go around this is through the use of a Deed Foreclosure in Lieu. Instead of selling, you are offering the deed of your home directly to your creditor or financial institution as a form of payment for your outstanding debt.
When Portland Home Owners are facing foreclosure it seems very difficult to deal with the problem head on, but that is what’s needed. You must face the situation, weigh the options and make a decision. For some, that’s already too late. We clearly explain some of the options available here and provide services to sell your home fast. Foreclosure is not unavoidable and depending on where you are in the process will determine the steps you need to take to avoid foreclosing on your home.
When you call your lender, be sure to have your loan account number in hand and be ready to summarize the financial difficulties that are taking place. Try to have your recent income statements and some kind of budget that will help you remember your household expenses. Be prepared to wait, be on hold, transferred and more than one conversation. You most likely will be required to complete a “work out” package. You might not be able to proceed without it. Compete it and send it back right away.
How To Help Stop Foreclosure
Do you need help to stop foreclosure? When you face foreclosure it can seem like the end of the world. Foreclosure doesn't only mean the loss of your home; it can also put your credit rating in the toilet. In today's economic climate many people are facing this situation, but you don't have to lose everything. There are several methods you can use to stop foreclosure. Help yourself by considering these options:
Stop Foreclosure With A Short Sale
The short sale is a common way to get stop foreclosure help. It's a good option if you owe more on your home than it is worth and it won't hurt your credit as much as foreclosure. It works like this: you sell your home for a bit less than it is worth and your lender forgives the remaining debt, leaving you in the clear. Not everyone qualifies for a short sale, so check with an agent to see if you meet the criteria.
Help Stop Foreclosure By Selling Up
Another way to help stop foreclosure is to sell your home before the lender forecloses. It always takes a while to go through the foreclosure process, so assess the value of your home and get an experienced real estate agent to put it on the market. Sell quickly and you could even end up with cash in hand.
The Last Resort
As a last resort, you could sign a deed in lieu of foreclosure, where you deed your home back to the bank and they agree to forgive any remaining debt. This will still hurt your credit a lot, so don't do this unless you really have to. If you have to take this option, get your lender to let you live in the property till you have found somewhere else.
Choosing An Agent To Help Stop Foreclosure
To get any of these processes underway and get help to stop foreclosure, your best asset is a reliable agent. This agent will assess your home and see what equity there is. The agent will also advise you on the best option so you come out with the best result: either in terms of credit or cash in hand. Choose this agent carefully. Find an agent:
If you get the right help, then you don't have to take a 250-point hit on your credit rating.
3 reasons to call me:
There is no reason to let the bank foreclosure. You do have options. We offer FREE short sale services for homeowners facing foreclosure. Our team specializes in saving people from foreclosure and we can help you too. We are full time, expierenced Brokers licensed in the State of Oregon.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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