CosgroveCurran973

If you are behind on your payments and worried about your home being foreclosed on, there is help and a way to buy yourself precious time to save your home. It's called a short sale.First, as a homeowner, you will need an expert to avoid foreclosure] & to communicate with lenders and guide you through the many complicated processes of short sales. Certified specialists take the stress and anxiety out of the equation. You can even save your home! More on this later in the article!The key is act quickly and get professional help immediately. By acting now you can save your credit, and more importantly you have a strong chance to save your home you worked so hard for.Avoid Foreclosure: Many home owners who have experienced a life changing event often wrestle with actions to take. Mortgage holder's (your lender) don't want to lose their income have no desire to add more properties to their already large inventory. At the same time, home owners don't want to lose their home or be forced to file for bankruptcy. A solution to all of this heartbreaking problem is first talking to a licensed real estate agent (a certified specialist) and explore the options. A Comparative Market Analysis (CMA) is crucial along with examining the current payment history for both the agent and homeowner to begin the process. Lenders actually prefer you avoid foreclosure, and encourage you to engage in a short sale as they realize you have a chance to save your home vs. selling it.What is a short sale? These transactions where lenders settles for less than what is still owed on the home. Home owners attempting to avoid foreclosure enlist short sale agents (like us) to place a home on the market for less than their current mortgage note. If a home owner owes $150,000 & the home's value has declined, then it may only sell for $125,000. A professional short sale agent will work with the lender & negotiate the best possible solution for you. Lenders are willing to accept some loss, the goal being saving you from financial jeopardy, avoiding foreclosure and even save your home.