Cirby Hills Short Sale - Mark Peek recently received a question from Tom. "Why would I do a short sale instead of saving the monthly payments and letting it go into foreclosure?"Tom asked.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
Here is the answer. If you stop paying your mortgage, then you can live in your home rent free for 12-24 months, depending on the state you are located within.
I have seen lenders wait a year after the first missed payment just to file for foreclosure.
Yes, you can live in your house for free for a long time. However, a short sale has many advantages over a foreclosure.
It does less damage to your credit and allows you to buy another home in 2 years versus the 5-7 years after a foreclosure.
If you want the benefits of both, then stay in your home until the foreclosure case has been started. Then, start working on a Cirby Hills Short Sale with your agent. A short sale can take anywhere from 3 months to even 6-9 months to process.
This will allow you to salvage your credit and live "rent free" for 12-24 months. You will be able to wipe out all that upside down debt and move on with your life. Best of all, you will be eligible to buy another home in 2 years once you are back on your feet.
Thinking about a Cirby Hills Short Sale? I can help you short sale your property and never pay the bank another penny.
Send me an e-mail at mdpeek@gmail.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail. If you prefer, then you can call me at (916) 580-6084.
Discover how other sellers successfully completed a Cirby Hills Short Sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Cirby Hills Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.
Thanks for reading this, Mark Peek.
Mark is a Real Estate Agent at Keller Williams Realty.
Phone: (916) 580-6084.
mdpeek@gmail.com.
"Know Your Options"
View My homes for sale at www.CallPeek.com.
Mark Peek specializes in loan modification assistance and short sales in Roseville CA. Roseville Loan Modification Help, Roseville Short Sale Help. Roseville Short Sale Specialist. Short Sale Realtor. Roseville CA Short Sales. Roseville Realtor.
Suggested Reading
Should You Stop Making Your Mortgage Payments During A Short Sale?
Four Questions To Ask Before You Hire A Short Sale Agent.
How To Avoid Paying A Short Sale Deficiency.
Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Mark Peek's personal views and do not reflect the views of Keller Williams Realty. This information on Cirby Hills Short Sale - Short Sale Vs Foreclosure is provided as a courtesy to our viewers to help them make informed decisions for a Cirby Hills Short Sale
