Start Your New Beginning with New Leaf Realty
There is an alternative to a foreclosure, and
that is a Short Sale.
What is a short sale? "A short sale is a sales transaction in which
the seller's mortgage lender agrees to accept a pay-off of less than
the balance due on the loan," according to the California Association
of REALTORS®.
In most cases the impact of a Short Sale is much less damaging than
a foreclosure.
What you need to do.
The first thing your bank will require is that you list your home for
sale with a real estate broker. This agent will then assist you through
the short sale process by dealing with the banks on your behalf. They
will also begin to market your property in an attempt to find a buyer.
Keep in mind.
There is never a guarantee that your home will sell before it gets
foreclosed on, but why not try. What more do you have to lose? Let
us help you find a way out.
Let us help.
We will help you navigate your way through the process and we have
developed a relationship with a local attorney that we confer with to
make sure we help you to the best of our abilities.
Don't just walk away from your home. If you have made a choice to
walk away from your home, please reconsider.
What you need to know.
A foreclosure is reported on your credit and will stay on your credit
for at least 7 years.
What this means to you.
This will affect your ability to borrow funds for as long as it remains
on your credit. This will affect your interest rates on credit cards, car
loans, many student loans and most definitely housing loans. It can
also affect your insurance rates and your ability to rent. Think about
any time you have had to provide your SS# to someone, they were
most likely looking to run a credit check. Institutions look at your
credit score as your willingness to pay/repay debt.
Contact Us today so we can help you determine
what your options are.
New Leaf Realty, LLC
10707 66th Street North, Unit B, Pinellas Park, FL 33782