If you are unable to make your mortgage payments under any circumstances and wish to avoid foreclosure, the following options may be available:
- Short Sale
- Allows you to sell your home and use the proceeds to pay off your mortgage loan. This option may be available even if your home's market value is less than the total amount you owe.
- Debt Forgiveness
- In certain circumstances, you may be eligible to have part of your principal balance forgiven in order to help you to refinance your home or modify your mortgage loan.
- Deed in Lieu of Foreclosure
- Allows you to voluntarily transfer legal ownership of your property to the lender when you are unable to sell your home at current market value.
What is a Short Sale?
A short sale is when a homeowner facing FORECLOSURE sells his or her property for less than what is owed to the mortgage lender. The sale has to be approved by the lender.
Are you behind on your mortgage payments due to an adjustable-rate loan, job loss, sickness, divorce or for another reason not specified. If so, please contact me today for a FREE CONFIDENTIAL APPOINTMENT, I may be able to assist you out of your current situation via a Short Sale.
It is possible to walk away free & clear of a Foreclosure with NO MONEY out of YOUR pocket! Contact me today for addtional information (603) 723-0521 or matthewmartel@remax.net
Is foreclosure looming? I can help! Contact Matt Martel from RE/MAX Northern Edge Realty today! (603) 723-0521!
