Short Sales, Foreclosures and such…

 

Avoid foreclosure! Know the facts!

 

The 2007 Debt Foregiveness Act ends in 2012

 

(click here for details)

 

If YOU are upside down with your property (also called being "underwater") or if you know of someone who is – a friend, a relative, or a co-worker, or considering a ‘short sale’, or in the process of foreclosure – this is for you – there are very effective ways to deal with this.

 

Don't go into foreclosure, you can short sell your home!

 

Request your Short Sale here:

 

 

*This is not intended to provide you with legal and/or tax advice. Please consult a competent real estate attorney and/or a competent real estate tax professional *

 

If you don't have an attorney and/or a CPA who offer a free consultation, we have them.

 

 

The way things are right now, you may be in a situation where you need to sell your home as a result of hardship or other underlying reasons such a move out-of-town, need to scale down or exhausted reserves that makes it impossible or extremely impractical, or financially impossible for you to keep your current property.

 

If this is your situation - there are options available to you. One of the many possible options to you in default on the loan is to attempt a short sale.

 

The first thing you should do is to discuss the situation with a 'competent' real estate attorney. If you don't have one, I'd be delighted to refer you to the right individual.

 

What's a short sale?

 

A short sale is a real estate transaction in which the sales price in insufficient to pay the liens encumbering the property (the mortgage loan) and the sales costs, but you the seller is unable or unwilling to pay the difference. It is also a transaction in which you are cooperative and willing to work with me to effectively package, market and sell your property. And furthermore, your lender is also cooperative and willing to entertain, and agree to the short sale as a necessary and desirable outcome for both parties, you and your mortgage lender.

 

Please remember: when a lender accepts a short sale payoff, it's probably losing money, in most circumstances. So there's not a whole lot of incentive from the lenders involved to accept your short sale.

 

A short sale is a complex sale, negotiation, back office actions and file management process that carries financial and legal risks. It is HARD to make a short sale work. THEREFORE, a short sale is only for experienced realtors that know exactly what they are doing. DO NOT ever entrust your short sale to a non short sale-experienced Realtor®. This is not a process for the weak and neither the meek or someone who knows little about it other than trying to imitate others. Doing so can be very costly and detrimental to you. For a short sale specialist like me, it requires experience, fair business practices with other Realtors® and consumers, savvy, strong negotiations skills, know-how to deal with the banks, attention to details, and a determined character.

 

Short Sale vs. Foreclosure

 

If you walk away from your mortgage and have your property foreclosed by the bank, it may have short and long terms repercussions. For example, in the short term, it may be difficult to even lease a rental home. In the long term, it may affect your for the next 10 years, and at least 7 years before you can even buy another home. Your credit may take a hit by over 300 to 400 points or more. It means everything that your purchase on credit will cost you more.

 

BUT, if you short sale, you may be eligible to purchase another home as soon as 2 years, and in some cases almost immediately. And short sales don't affect your credit as much as a foreclosure. And a short sale does not show up as a "short sale" on your credit report, although there will be a negative mark on your record. However, if you keep up your payments during the short sale, it won't affect your credit.

 

What's the best approach?

 

The best approach is to call me as soon as possible. This is a confidential service and there's nothing to be ashamed about. There are thousands of people in your situation and your best mind positioning is too look at it as a business transaction to protect your best interests. So PLEASE CALL ME OR HAVE THE PEOPLE YOU KNOW OR REFERRING CALL ME ASAP, I can help prevent losing your or their home through foreclosure. My team includes an attorney to protect your rights, review your options and minimize or eliminate your risks.

 

I make the process simple, efficient and effective, and keep you updated every step of the way. But you make all the decisions.

 

Are you available for The Home Affordable Modification?

 

Conduct a Self-Assessment Now! Click here...

 

 

Request a Home Affordable Modification -  Click here...

 

 

 

Short Sale and Foreclosure Resources

 

To get started, please download the following documents:

 

Short Sale Seller Advisory: 

 

Short Sale Workbook: 

Foreclosure Alternative: The Short Sale:  

 

 

How long do buyers need to wait after a bankruptcy, foreclosure or short sale before financing?:

 

 

Foreclosure Resources for Homeowners

 

Arizona Foreclosure Prevention Task Force

 

Attorney General's Website

 

Don't Borrow Trouble

 

ProPublica: Eye on Loan Modification

 

 

Additional Information:

 

[Copy and paste all the following links into your browser]

 

• Home Affordable Foreclosure Alternative (HAFA) Program

The HAFA program was designed to give homeowners different alternatives to a foreclosure,

which include incentives for completing a short sale. For more information on the options

available, visit the HAFA program website.

http://www.makinghomeaffordable.gov/hafa.html

 

• Find out which option you are eligible for

http://www.makinghomeaffordable.gov/eligibility.html

 

• Find out if your mortgage servicer participates in the HAFA program

http://www.makinghomeaffordable.com/contact_servicer.html

 

• National Association of REALTORS® HAFA Brochure

http://www.realtor.org/wps/wcm/connect/ef66df0041fa182e988ffcc7ba2f3d20/Brochure+Text+Clean+ReV+as+of+4-5-

10.pdf?MoD=aJpeReS&CaCHeiD=ef66df0041fa182e988ffcc7ba2f3d20

 

• Guidelines and Forms

https://www.hmpadmin.com/portal/programs/foreclosure_alternatives.jsp

 

 

IMPORTANT NOTICE:

 

Realty ONE Group and Richard Bazinet PLLC are associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. Furthermore, if you stop paying your mortgage, you could lose your home and damage your credit rating.