Distressed Homeowners
Distressed Properties
As Henderson and Union County's only Certified Distressed Property Expert, I have been specially trained to help distressed homeowners. If you have experienced any of the following situations, I may be able to help.
If you have experience:
- -Mortgage Payment Increases
- -Job Loss
- -Severe Illness
- -Divorce
- -Relocation
- -Too Much Debt
- and many others.
In some instances, I am able to help homeowner's stay in their homes, and in others, I am able to help homeowner's sell their home and avoid foreclosure.
Foreclosure vs. Short Sale
Foreclosure: ineligible for a Fannie Mae backed mortgage for 5 years.
Short Sale: Eligible for a Fannie Mae backed morgage after only 2 years
Foreclosure: Any future 1003 application a prospective borrow will have to answer "Yes" to question C-"Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years?"
Short Sale: No similar declaration or question regarding a short sale
Foreclosure: Will remain as a public record on a person's credit history for 10 years or more
Short Sale: Short sale is not report on a credit history.
Foreclosure can also affect Security Clearances, Current and Future Employment. A short sale does not challenge most security clearances and does not challenge employment.
I am here to help you. If I am able to negotiate with your lender a result that allows you to stay in your home, there is no charge for my services. If the only solution is to sell your home, I will charge a usual and customary fee that is normally taken from the proceeds of the sale.
If you would like to schedule a consultation, please contact me immediately. Please do not delay - help is available.
