Upside Down? I can help!

Upside down? I can help!

Having difficulty making your mortgage payments?
Owe more than your house is worth?
Does your financial situation seem hopeless?
Do you want lenders to stop calling?
Your mortgage adjusts soon & you can't afford the payment?
Want to sell your home, But there is not enough equity?
Do you want to stop foreclosure & get a fresh start?

I can help.
What is a Short Sale?

A Short Sale is a Real Estate transaction where a homeowner needs to sell the house, but owes more to the lender than the property is worth. The lender agrees to accept a lesser payoff than is owed on the mortgage note. At Century 21 Shaw, we work directly with your lender negotiating the terms of the Short Sale on your behalf.

What are the benefits of a Short Sale?
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When a Short Sale is achieved, there won't be a Foreclosure. A Short Sale solution may give you a chance to qualify for a loan on a new home after 2-3 years, versus a Foreclosure that could negatively affect your credit for up to 10 years. Many experts believe that a Foreclosure is even worse than a Bankruptcy.
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In most cases, the lender forgives the remaining portion of the debt.
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If your payments have never fallen behind 30 days late and the lender does not require that you pay back the loan, Fannie Mae guidelines may allow you to buy another home immediately.

Don't wait for the Bank to start a Foreclosure process, there are alternatives. A short Sale could be your best option. Call now.

Anatoliy Syedin
Century 21 Shaw
813-843-2389