Advocating for Homeowners since 2007
Homeowners are defaulting on their mortgages at a record rate due to medical bills, divorce, adjusting rates, job loss, etc. Whether you are behind on payments now or want to plan for the future, lets consider a potential short sale.
There is hope. You do not have to walk through this difficult time alone.
Get in touch and set up a free CMA (Comparative Market Analysis) to discuss your options.
“Stop sinking into foreclosure. I’ll help you get back on solid ground.”
What is a Short Sale?
short sale
A "short sale" is the sale of a house in which the proceeds fall short of what the owner still owes to the bank.
For example: If a Seller still owes a bank $200,000 on their mortgage, but they may only be able to sell the home for $175,000 on the open market, then the home and seller may qualify for a short sale, and the bank may agree to accept $175,000 as full payment.
foreclosure
Many people use the term 'foreclosure' as a general, catch-all word for distressed properties. However, it is a little more specific than that, because an owner may be behind on their payments, and they may be facing the possibility of foreclosure, but they may still own the home. However, once the bank repossesses the home through a legal process, then the home may be more specifically referred to as a 'foreclosure'.
pre-foreclosure
Before a home is 'foreclosed' by a bank, or even before a home is officially in the 'foreclosure' process, the Seller is deemed to be in pre-foreclosure. A pre-foreclosure is exactly what is sounds like. It is the status of the property BEFORE it is re-possessed by the bank.
Typically, before a home becomes a foreclosure, the Seller has missed payments, and the bank has given notice that they have started a legal process to pursue their right to take back the home.
Testimonials
“ We met with Jennifer to discuss the possibility of a short sale to avoid bankruptcy. Being behind in mortgage payments we weren’t sure what the process was and the bank was sending letters almost everyday that were vague and hard to understand. After meeting with Jennifer, we were relieved to know that a short sale was an option. She worked diligently with our bank and was very patient with us, explaining everything throughout the process. We closed on our home and even got some money for our moving expenses! Jennifer was kind, compassionate and we never felt judged for our poor financial decisions. ”
“When payments became tough, I thought foreclosure was the only option. Jenn educated me about a short sale and this gave me hope for my financial future. It turned out, Jenn sold my house for cash and put an extra $60,000 in my pocket. When it seemed like there were no more options for me, Jenn found a solution that really helped me! ”
“Jenn’s dedication and and service is amazing she really cared about our situation. Jenn’s mission was to educate us about our situation and find the right solution for our family. Its not everyday you are treated with such respect so it was an absolute pleasure dealing with jenn.”