Sunday, November 30, 2008
Stop Foreclosure
Many homesellers are facing financial hardships that find themselves behind on their mortgage payments for various reasons. In many situations, a short sale can be the best option for homeowners who cannot affored to keep their home due to job loss, divorce, escalting adjustable rate mortgage payments or other hardships. A short sale occurs when the proceeds from the sale of a home are not enough to cover the mortgage payoff and the seller is unable to cover the shortfall. It is paramount that homeowners that find themselves in this situation contact a local REALTOR that has experience in this type of real estate transaction. Most homesellers do not realize the sales commission is lender paid. A short sale is much better for the homeseller as a foreclosure can be detrimental to their credit report, potetial loss in employment, insurance rate increases, etc. If you or someone you know is in this situation, have them contact an expert in this field. Kim Rose of Assist-2-Sell, Buyers and Sellers Realty is a certified distress property expert and is available for free consultation 865-466-2286.
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