How to Stop Foreclosure in Portland when you can't refinance

I have been working in Portland as a Realtor since 2003. Even so I started in the Real Estate boom I have a ton of expierence with Foreclosures. One of my first clients was an investment company that specialized in foreclosures and thus my training began. I worked really hard and by the end of my first year in Real Estate I closed 18 deals. The rest is history. I am now a Principal Broker at M Realty and own / operate PortlandHomeAuction.com. Being a listing specialist and being in a housing crisis it seemed natural to start selling distressed properties. I wanted to take a minute to share some things about foreclosures since there seems to be a need for help with foreclosure in Portland. I would first like to say that it is not the end of the world and that now is the time to start dealing with it. So here is some of the first things you need to do:

• Regroup and take control.
  
• Call your lender and explain that you are trying to prevent foreclosure and would like to know what your options are.
• Start a budget.

Now that your in control you just need to decide on your best option. One option would be to short sale your home. Even if you owe more than what your home is worth we can help you. Short Sale services are free because your lender will pay us. Once we are working with the lender, things will move along just like a normal real estate transaction but it will take just a little bit longer. Once we get an offer we will take it to the bank for approval. At this time the bank will accept, reject, or counter the offer. If the bank accepts and approves the short sale then your remaing balance will be forgiven. Here the difference between a foreclosure and a short sale:

• A foreclosure will hurt your credit about 240 points
• A short sale will hurt your credit about 80 points

I know losing your home is a difficult situation and I will compassionatly help you through the process. You can email me for a free and discreet consultation at info@PortlandHomeAuction.com

Warm Wishes,

Aaron Majors

Principal Broker - Listing Specialist