If you are in the beginning stages of foreclosure, in preforeclosure, or have just missed a house payment or two, there may be options for you.You need to know that talking about your situation is the first step in finding a solution. More often than not, people facing missed payments or foreclosure decide not to discuss it with friends and family. Talking about this with an objective real estate agent can be your first step.Contacting an agent who is a trained professional is often an easier step than confiding in someone you know. I can advise and direct you as to options, whether it be informing your lending institution that you can no longer afford your home and helping arrange a short sale, or maybe we can help you find another solution. Each home owner’s situation is unique and requires the input of someone who can listen and sort through where you need to go next. Sometimes the real estate agent can step in and contact your lender on your behalf. (This will require a signed authorization from you, which I can provide.)Contact me for more information. I have a network of people ready to help.I’ll need to know:• The date of your last payment.
• The date of notification of missed payments from your lender.
• The amount owed on the property including the primary mortgage, equity lines of credit, or any loan or lien attached to the property, including tax liens.
• The address and/or legal description of the property.Be sure to keep any documents delivered to you in the mail, by certified mail, or by a process server pertaining to any attempt at debt collection.If we find that you are eligible for a short sale we will need the following:
Short sale documents:
• The date of your last payment.
We will need you to write a hardship letter describing the circumstances surrounding your inability to make your mortgage payment. This is a difficult letter to write, but the lender needs to know what events have occurred that resulted in your inability to make payments: Personal or family tragedy, loss of job, divorce, bankruptcy, medical conditions and bills, unexpected expenses, and any and all kinds of life events that have resulted in a financial hardship.