Important Information for Distressed Owners
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Are you or anyone you know struggling to make your mortgage payments? Are you afraid to sell your home, worried that your home is worth less than the amount of your mortgage loan?
There is a way to save you from Foreclosure and the dire Consequences.
Homeowners in distress can work with their mortgage company by selling their home and paying off their mortgage. This is called
The Short Sale Process where lenders are willing to work with you who have either lost their job, lost a loved one or cannot afford the drastic increase in a monthly payments.
Your mortgage company will work with you and your Real Estate Agent by covering closing costs, commissions when you sell your home, most likely below market value, so you can obtain a pay off on your loan and avoid a Foreclosure.
Foreclosure can be devastating, may lower your credit score more than 300 pts. On the other hand, a Short Sale may only lower your score less than 50.
Foreclosures remain on public record for a life time and may prevent future job opportunities. Short Sales are not reported.
These are just a few of the consequences.
As a Real Estate Agent in our area over for the past number of years my greatest motivation has been to help people work their way through this mortgage process, saving them the expense of a Foreclosure. I have earned my CDPE (Certified Distressed Property Expert) and my SFR (Short Sale and Foreclosure Resource) certifications to make this process run quickly and smoothly with all lenders and help the unfortunate homeowner.
Jean M. Ryan
RE/MAX Preston Hollow
972-489-2371
Jeanryan1@gmail.com
www.jeanryan.com
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