With the trying times we live in now and the uncertainty of job security you can find yourself in a bind with your bills. One of our largest responsibilities is our mortgage payment. When you are initially looking for a home you base your available mortgage payment on your income. Well, you don’t imagine for a second the possibility of losing your job or being laid off. This happens everyday to wonderful people just like us.
Where once in life there was no solution other than foreclosure you have now have the option of a short sale. The housing market has taken off in Orlando, which plays a key role in a short sale. With a short sale your lender agrees to let you sell your home for less than the balance you owe. In some cases your realtor can even negotiate with your lender so that your balance owed will not affect your credit rating to severely. The short sale is a convenient solution for you as a homeowner who is behind on your mortgage and wish to avoid foreclosure.
You as the homeowner can avoid the financial distress of foreclosure by working closely with an Orlando real estate agent in selling your home. If you cannot afford your mortgage and are behind as well as owe the bank more than what your home is worth, an Orlando real estate agent has the answer for you.
With the assistant of an experienced agent you can avoid the expense and stress of a foreclosure and the rating on your credit report for the next 10 years. The agent will negotiate with your bank to allow you to sell your home for less than you owe and negotiate to have your mortgage completely discharged at the payment of your loan after the sell of your home, which in turn will eliminate the threat of you being held responsible for your balance after the sell of your home.
There are many reasons homeowners get in over their heads but with an Orlando real estate agent you can be relieved of those unforeseen problems. For a reasonable fee and based on your situation there is a wonderful solution and the effect on your credit is much less severe. The best part of all is that all the services an agent needs to process your short sell is usually under one roof. This means that once your agent comes to an agreement with your lender on the balance owed you can list your home. In the event of your home selling the assistance your agent will need to close the sell is in the same building with them.
1 comment:
Hi,
One of the most important steps in the short sale process is getting the deed. Too many times, beginning investors will skip this vital step. Why do we want to get the deed from the homeowners. Because all too often, homeowners change
their minds, or want to back out of deals because they are scared, or they want to re-negotiate. Homes for sale by owner are advantageous for both the seller and buyer.
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