Foreclosure is NEVER the best option even though it might feel like the only one.
The inevitable result of a foreclosure is the lender taking your house. Not only will you lose your house, but the lender can get a judgment against you for the arrearages you owe plus his costs for the foreclosure action. If that isn’t enough, your credit report will be in terminal condition for many years to come, worsening an already bad financial situation and making it very difficult to obtain any other kind of credit. There is no upside to foreclosure. It should be avoided at all costs.
If you are in the position where you are facing what seems to be an impending foreclosure, you should take a serious look at a short sale first. If you find yourself in a mortgage crisis, I can help you avoid a foreclosure through a short sale instead. You will be so glad you sold via short sale as opposed to having your home foreclosed! Visit my website for a detailed analysis between a short sale and a foreclosure.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment