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A recent study estimates 36% of Americans think walking away is a viable option when they owe more on their home than what it’s worth. Clearly, few know the financial consequences of these actions. Over 50% of homeowners facing foreclosure do not know or understand their options.
If you or someone you know is at the crossroads of deciding whether or not to walk away or “strategically default,” they will find nothing strategic about foreclosure, especially when there are solutions to avoid it.
Available Options?
Fortunately, there are options to avoid foreclosure and protect a financial future. From short sales and loan modifications to renting the home, it’s vital that homeowners know what they can truly do to avoid the financial damage of foreclosure.
Some homeowners are deciding to use the services of an Attorney but this can be cost prohibitive when facing financial hardship. As Licensed Realtors® (CDPE’s & SFR) with many years of experience in this specialized market, we can inform homeowners of all available options and our services are free. We receive a commission from the lenders at closing.
Currently we are working with a Lender Fast Track Program whereby the only information they require is a Hardship Letter.
- No documentation of income required
- No documentation of employment required
- No financial documentation required
- Delinquency NOT required
Please think of us when you find a homeowner in need of help in finding foreclosure alternative solutions. Your referrals would be our highest priority!