Georgia had the seventh-most foreclosures of any state in the third quarter, with one for every 98 households, according to RealtyTrac. There are currently 1,411 properties on the auction blocks for the court house sale on November 2nd, which is the third highest total this year.
If you are behind in house payments it may still be possible to Avoid Foreclosure in Smyrna Vinings. One way is to sell your house by doing a short sale with a Smyrna Vinings CDPE .
A short sale (also known as a short payoff) is when a lender or lenders accept a discounted payoff on your mortgage and agree to allow the homeowner to avoid the cost of a foreclosure. In other words, when a homeowner owes more than can be collected through a real estate sale, a short sale allows them to sell their property to avoid a foreclosure and also reduce or eliminate the remaining mortgage debt.
A short sale may be the best way to keep your credit intact (or from getting worse) for future purchases and can usually help you exit from a property without having to pay anything. It will also save you money by not having to pay attorney’s fees, go through an eviction process, make repairs to the home so it is marketable; and often the lender will cover the real estate fees.
It’s not easy to do this, and not every agent is qualified to help you with a short sale. You’ll want to look for local Certified Distressed Property Expert.
To receive the CDPE designation, an agent must go through extensive training about the short sale process. But it’s not only about training, members belong to a nationwide network of distressed property experts who share their success and their difficulties with one another so that we can stay current on successful short sale strategies to help our clients.
Bad things can happen to good people. Maybe you bought when housing prices were at their peak in 2006. Maybe you lost your job or your spouse. Maybe you had an interest only loan. The reasons that cause financial difficulties are many, but the solutions are few.
Qualifying for a short sale is based on financial need. All lenders require proof of financial hardship. FHA, VA and conventional loans, along with each mortgage servicer, have their own criteria. If you are behind or about to fall behind in your payments we can get you qualified. The earlier in the foreclosure process you start, the higher our likelihood of success.
Before you lose to your house to foreclosure realize there is one last thing you can try. It’s called a short sale.
Please contact me today, I’m here to help. The key to a successful short sale is to call your Smyrna Vinings short sale specialist as soon as possible to discuss your options. The call and your information will be kept strictly confidential. Procrastination is your worst enemy when trying to avoid foreclosure.