The current U.S. housing market and financial crisis have caused tremendous stress and heartache for families across America. If you – or someone you know – are among the millions today affected by the prospect of foreclosure, understand that you are not alone.
Unfortunately, 7 out of 10 homeowners in foreclosure proceed without the assistance or advice of Real Estate professionals. Now, more than ever, you need a professional to advocate on behalf of you and your family's best interests, one who is prepared to handle your specific needs.
Real Estate professionals with the Certified Distressed Property Expert® (CDPE) designation have trained extensively to understand the options, solutions and effective methods for dealing with homeowners facing hardships. Don't risk your financial future and the potential sale of your home with an Agent that doesn't have all the solutions.
Eric, as a CDPE®, fully understands how to handle distressed properties and provide solutions for your family's financial future. Foreclosure can be avoided, your credit can be saved and your financial future can once again, be promising.
A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. Due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.
For homeowners to qualify for a short sale, they must fall into any or all of the following circumstances:
Financial Hardship: There is a situation causing you to have trouble affording your mortgage.
Monthly Income Shortfall: In other words: "You have more month than money." A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
Insolvency: The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.
This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. If you have questions or feel you may qualify for a short sale, please contact me for a free consultation at 952.470.2575 or Eric@StaffordFamilyRealtors.com.
Understanding your options now could make all the difference in the world for your family's future.
Learn how agents with the Certified Distressed Property Expert® designation are best suited to help distressed homeowners.
