Friday, March 23, 2012

Short Sale, Loan Modification, Refinance, Foreclosure

Not sure which is the right option for you?

There are many programs out there right now that can help you if you are underwater.

Short Sale- you sell the house for less than you owe the mortgage company with their approval.
Loan Modification - you negotiate with the mortgage holder to make your monthly payments more affordable usually by extending the term out and lowering the interest rate.
Litigation-sue the mortgage company for fraudlent practices.
Refinance-FannieMae & FreddieMac both started programs where you can take advantage of todays lower interest rates even if you are underwater
Short Sale Refinance-A new program where you can reset your mortgage with today's home value.
Foreclosure-walk away from you house and let it go to the mortgage holder

But which is going to give you the most peace of mind, so that you can breathe again?

Call or email today for a FREE, NOBLIGATION Consultation, so we can help you evaluate which is the best course of action for you.

Find out the current value of your home.

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