Bellevue WA - The Stop Foreclosure Institute recently received a question from Christy. “Why would I do a short sale instead of saving the monthly payments and letting it go into foreclosure?”
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
Here is the answer.
If you stop paying your mortgage, then you can live in your home rent free for 12-24 months, depending on the state you are located within.
I have seen lenders wait a year after the first missed payment just to file for foreclosure. Yes, you can live in your house for free for a long time. However, a short sale has many advantages over a foreclosure.
It does less damage to your credit and allows you to buy another home in 2 years versus the 5-7 years after a foreclosure. In addition, you can get some money as an incentive for doing the short sale.
If you want the benefits of both, then stay in your home until the foreclosure case has been started. Then, start working on a short sale with your agent. A short sale can take anywhere from 3 months to even 6-9 months to process.
This will allow you to salvage your credit and live "rent free" for 12-24 months. You will be able to wipe out all that upside down debt and move on with your life. Best of all, you will be eligible to buy another home in 2 years once you are back on your feet.
Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at email@example.com
. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail. If you prefer, then you can call me at 206-841-9976.
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here
Thinking about a loan modification? Our Bellevue Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.
Thanks for reading this, Jirius Isaac.
Jirius is a Real Estate Broker( no agents) at C21 Real Estate Center.
Phone: 206-841-9976. firstname.lastname@example.org
View My homes for sale at http://kenmorehomesforsale.com/
Jirius Isaac specializes in loan modification assistance and short sales in Bellevue Washington. Bellevue Loan Modification Help, Bellevue Short Sales. Bellevue Short Sale Realtor Short Sale Realtor. Bellevue WA Short Sales. Bellevue Realtor.
Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Jirius Isaac's personal views and do not reflect the views of C21 Real Estate Center. This information on Question from Homeowner: Why would I do a Short Sale instead of saving the monthly payments & letting it go is provided as a courtesy to our viewers to help them make informed decisions.