Chances are you or someone you know is facing hardship and possible foreclosure and the key is to understand your options before you have none.
Avoid Phoenix Foreclosure and Short Sale Your Home: FREE -Home Rescue- Report
Let’s face it, selling your home is not easy – it takes time and when you add the stress of economic instability, possible unemployment or health issues, along with family pressures, it can be overwhelming.
Some benefits of doing a short sale would be:
-They are able to eliminate the social stigma of that dirty word: Foreclosure
-They potentially eliminate any “deficiency judgments” against them after the sale
-They have less of a “hit” on their FICO score versus a foreclosure
-They may qualify for HAFA and gain government relocation assistance.
- They will be eligible, under Fannie Mae guidelines, to buy another home in 2 years instead of 5 to 7 years
-If their credit report does not reflect a 60-day+ late pay, under Fannie Mae guidelines, they will be eligible to buy another home straightaway
-Can protect the homeowners security clearance versus a foreclosure
-Can prevent potential challenges of employment versus a foreclosure
Overall the benefits of a short sale can lead to the home selling at a higher price which in turn reduces deficiency liability, looks better on a credit report and is easier to recover from than a foreclosure.
There are programs that are available for struggling homeowners who seek it. The next step is to understand your options and learn what you can do next. Get your FREE Report
Please forward this blog post to any friends, family members, or neighbors that may need help and guidance.
