Short Sales

Worried About Losing Your Home? 

 Do you know someone who is?  Don’t wait for foreclosure to happen, there are alternatives.  This is where a Certified Distressed Property Expert (CDPE) can help answer your questions during this emotional and financial time in your life.  Call Mary today and she can walk you through the process.  This is a FREE no-obligation appointment!  As a CDPE and Short Sale Foreclosure Expert, Mary’s goal is to save one homeowner at a time from

financial heartache. 

What is a CDPE?  A Certified Distressed Property Expert® (CDPE) is a real estate professional with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today’s market, specifically short sales.  Check out http://www.cdpe.com to learn how a CDPE can help you with your short sale.

What is a short sale?  According to the National Association of REALTORS^® (NAR), a short sale is defined as a transaction where title transfers; where the sale price is insufficient to pay the total of all liens and costs of sale; and where the seller does not bring sufficient liquid assets to the closing to cure all deficiencies.

If you sell your home through a Short Sale, YOU do not pay the realtors’ commission.  This is handled through your mortgage holder!

~NINE Ways To Avoid Foreclosure~

Reinstatement

Bring the loan current

Forebearance

Temporary repayment plan

Refinance

New Loan with reduction in monthly payments

Loan Modification

Modify original loan terms

Sell The Property

Use equity to pay off or pay difference

Rent the Property

Must Make The Loan Current

Short Sale

Negotiate with bank to accept salen under loan amount

Deed in Lieu of Foreclosure

Friendly Foreclosure – Will Affect Credit Rating

Bankruptcy

Will stall foreclosure but not always prevent it

-Will Affect Credit Rating-