 Upside-Down On Your Mortgage? What are your main options? Loan Modification
Short Sale Both of the above options provide you with a remedy, where you can attempt to negotiate no future collectible judgments, with a lesser impact on your credit scores, and both should be considered before choosing either of the options below.
Deed in Lieu of Foreclosure Foreclosure Deed in Lieu of Foreclosure and Foreclosure should be the last options considered, as they may result in a collectible judgment, and may have a more serious negative impact on your credit scores, which in turn can hamper your ability to purchase a new home or apply for other forms of credit. We can discuss with you the factors that improve the chances of a short sale closing or not, and how best to present your information to your lender for loan modification. Our team has a 100% closing rate on all short sale contracts since 2008, and we would like to discuss your options with you. *For help deciding if you may be eligible for any of these options, please click here or scroll down to the form below. To view some of our previous Short Sale closings and current listings, click here. |