Keep your house. Do you want to stay in your house? Can you afford to keep it? You have probably been told that you can’t get refinanced, which may be true. However, we may be able to get your current loan reinstated by negotiating a loan modification or a repayment plan with your current lender. The sooner you call us, the better your chances.
Sell your house for a payday. If you have equity in your house, we can unlock it for you. Even in this market, houses that are priced right sell quickly. We will work to get your mortgage company to give you the time needed to sell your house at a fair price. The sooner you call us, the more time we will have.
Sell your house as a short sale. Most of the Jacksonville area homeowners we have spoken with this year are upside down with their mortgages: they owe more than the fair market value of the house. How do you get out from under this burden? We are short sale experts. We convince your mortgage company to accept less than what is owed on the loan so that you can sell your house without having to pay the full mortgage balance. We usually convince the mortgage company to forgive this deficiency so that you can wipe the slate clean. If you try to buy a house again in a few years you can answer “no” when asked if you have ever had a house foreclosed or given it back to the bank. In a short sale you get debt relief and the mortgage company minimizes their losses. Everyone is a winner in a short sale. We work hard to minimize the time required to accomplish this short sale, but the sooner you call us, the greater our chances of success.
Let the mortgage company foreclose. This is what will happen if you do nothing. Not only will you lose your house, you may end up owing the mortgage company a huge sum of money. When your house sells at the courthouse steps, it will sell for a bargain price. Why would a cash buyer pay fair market value for a house they haven’t been allowed to inspect? The mortgage company will probably get a judgment against you for the difference in this low auction price and what you owed. Judgments of $50,000 to $100,000 or more are not uncommon. If you ever try to get another mortgage, you will have to answer “yes” when asked if you have had a house foreclosed and you may be told that you have to pay off the judgment before you can get a new loan. In a foreclosure sale, the mortgage company gets less of its money back and you end up more in debt. Everyone is a loser in a foreclosure. Call us now to avoid a foreclosure.