Jason Schweiger

Stopping Foreclosure Now! Save your home and/or your credit. Here is some basic info about Foreclosures. Read this and then call us ASAP. We deal with homes in the entire Puget Sound area. 253-315-5580

Ways to Stop Foreclosures...

Home owners who are facing foreclosure often dread dealing with the facts that got them to that place. If you think back to when you first bought that home, losing the home was probably the furthest thing from your mind. Few home owners actually plan to go into foreclosure. Reasons For Pending Foreclosure...

Job loss / unexpected unemployment
Sudden illness or medical emergency
Death in the family
Divorce / loss of second income
Excessive debt obligations
Job demotion or promotion denials
Inability to pay an adjustable interest rate that increases
Unexpected major home maintenance expense

Here are some ways to avoid Foreclosure that I can help you with...

The best way to avoid foreclosure is to prevent the filing of a Notice of Default. You must act quick to avoid this. Call us as soon as you are in trouble or know trouble may be coming.

1) Time to make up your payments.
Lenders might agree to wait before taking legal action against you and let you work out a repayment plan that is affordable for you. This is called forbearance.

2) Changing the terms of your loan or refinance into a lower payment loan.
If your mortgage is an adjustable loan, the lender might freeze the interest rate before it increases or change the interest rate to a more manageable rate for you. A lender might also extend the amortization period. This is called a note modification. The other option may be to refinance into a lower rated fixed loan.

3) Sell Your Home.
Interview real estate agents to get an opinion of market value and average DOM to sell your home. You might be tempted to hire a discount broker, but many sellers feel they need the exposure and marketing that full-service brokers offer. Compare both to determine which best meets your needs and time frame.

4) Consider a Short Sale.
If your home is worth less than the amount you owe, you might be a candidate for a short sale. A short sale affects credit but it's not as bad as a foreclosure. You or your agent will need to negotiate with your lender to find out if the lender will cooperate on a short sale. This is called a pre-foreclosure redeemed.

We can assist you in many ways and will make sure the situation benefits you to the fullest, but you need to call now. The longer you wait, the worse it will get. Call 253-315-5580 or email us jason@mynwagent.com or visit my website at www.mynwagent.com

"Ardell DellaLoggia is demanding and always pushing." And those are good things!

Ardell has helped Brio Realty become a very exciting place to be an agent. Where else could you get the assistance, respect, and help of the finest Broker in the Seattle-Bellevue area? Ardell is always requesting us agents to write blogs, attend seminars, and other things that will help us all in the long run. I feel she wants to make us all succeed and if she does not motivate you...then nobody can!

Her current concern is our sour market condition or at least that is what other agents are calling it. I am seeing many opportunities right now and have been very busy. It takes some thinking outside of the box. There are so many opportunities to make money right now. Here are just a few options....

1) Foreclosures and short sales. There are so many different angles to take on these properties, it would take another blog to write them all.

2) Lease-options. With the rise of foreclosures and people moving, lease options are a good alternative for many now. As an agent, you would receive a minimal commission now and a full commission later. (Something for the future.)

3) Low mortgage rates. With the low interest rates and Federal programs, you should be pushing anyone on the fence to take advantage now!

4) Refinances. One of my main focuses has been refinances lately. Of course, I am a Real Estate agent and a loan originator. I realize all of you may not be, but it may be worth looking into.

If you are an agent with Brio Realty, you should have no trouble finding ways to prosper, with the so many good agents and people around us. Here are some of those great people....

Brio Realty. The Bellevue Washington Real Estate company that is above the rest!

Have a prosperous 2008!