STOP FORECLOSURE...

...save your credit, pay off your loan, owe the mortgage company nothing, and pay no sale expenses.

If you live anywhere in or near Houston and you fall on bad times and can’t make your house payments, or owe more than your home is worth, don’t panic. there is a process that will STOP foreclosure if you take action before it’s too late. Bankruptcy is not the answer because it ruins your credit for up to 10 years and it does not usually stop foreclosure. There is a way to STOP the foreclosure of your home, avoid bankruptcy, have peace of mind, and save your credit. It’s called a Short Sale. I perform many of these sales every year with a 95% success rate.

1. What is a Short Sale?...A short sale is an alternative to foreclosure in which I negotiate with your mortgage company, and the investor who owns your mortgage, to accept a portion of the amount you owe as total payment for your debt.

2. How long does the short sale process take?...The short sale process takes 60-150 days.

3. How much will the short sale cost you?...Using my system, you will not be required pay anything towards the short sale. $ZERO$ The mortgage company pays ALL of the fees associated with selling the home in 100% of all approved as such short sale cases. In other words, there will be no expenses required of you towards the short sale. The harrassing phone calls will STOP!

4. Can I live in the home during the short sale process?...Yes. Even not making payments, you can live in the home until it is sold and closed.

 5. How will a short sale affect my credit?...A short sale will not have an adverse effect on your credit. However, the mortgage company has the right to report late payments up until the time of the sale.

6. What is the alternative?...Foreclosure is the alternative to a short sale. A foreclosure on your credit will prohibit you from buying another home for up to 10 years. Also, in a foreclosure, the mortgage company will sue you for all of the expenses they incurred during the foreclosure including back payments, attorney fees, taxes, interest, HOA fees, rehab costs and the difference between your loan balance and the sales price and they will win 100% of the time. These charges add way up fast. On a normal house, these charges will be in the $25,000 range. The higher your mortgage, the higher the judgement will be. You will NOT be able to buy another home until this lien is paid and the judgment from the foreclosure is lifted.

7. How do I know if I qualify?...Short sales are not automatic. You must be approved for a short sale. I get 95% of everyone who applies, approved for a short sale using my experience and proven methods.

8. Will I be able to purchase another home after the short sale? After a successful short sale, if you maintain your other credit responsibly, you will be able to purchase another home in as little as six to twelve months.

If you are late on one or more mortgage payments or owe more than your home is worth call me today and let’s get started. The longer you wait the less chance you have of completing a short sale before foreclosure and saving your credit. Stop harrassing phone calls from the mortgage company now! Call me for a free consultation or complete the form below. I can answer any questions you have about a short sale. Dale.