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*Steps to Avoid Foreclosure

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Steps to Avoid Foreclosure by a Certified Distressed Property Expert,Realtor

Steps to Avoid Foreclosure by a Certified Distressed Property Expert,Realtor

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*Steps to Avoid Foreclosure *Steps to Avoid Foreclosure Presentation Transcript

  • I’m Rebecca Griffin, CDPE, and I’m here to help you .
  • Chances are you or someone you know is having trouble making the mortgage payment each month.
    • If this is your situation, you are not alone.
    • MILLIONS of homeowners are upside-down on the mortgage
    So where do you start?
  • Step 1: Take Action
    • CONGRATULATIONS!
    • You’ve already succeeded in taking your first step by watching this seminar
    • You are proactive about finding a solution and the answers to many of your questions are right here
  • Step 2: Contact an Educated Agent
    • BE WARY OF RESCUE SCAMS!
    • Mediators that promise a quick resolution in exchange for upfront fees should be reported
    • A reputable counselor will not guarantee to stop the foreclosure process
    • Look for the CDPE logo
  • Step 3: Organize Your Personal Documents & Information
    • Expedite the process!
    • No matter which option you choose, the process can be expedited by assembling these materials:
      • Checking account statements
      • Recent mortgage statements
      • Savings account statements
      • Your last two paycheck stubs
      • Your past two tax returns
      • A letter of hardship
    I can assist you in this process!
  • Step 4: Contact Your Lender
    • Lenders want to avoid foreclosure!
    • Lenders are not in real estate, do not want to take ownership of a home and don’t want houses to sit idle on the market
    • Contact your lender as soon as possible to discuss the solutions to YOUR circumstances
    • Keep your agent informed
  • Step 5: Understand ALL Your Options
    • As a CDPE-designated agent, I have the most current information on the options available to you
    • Here’s a brief summary of a few options
  • SHORT SALE
    • A short sale is a dignified alternative to foreclosure, allowing a homeowner who owes more on their property than it is currently worth, to sell their property at a price lower than what is owed.
  • DEED-IN-LIEU
    • A deed-in-lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process
  • FOREBEARANCE or REPAYMENT
    • These options involve the homeowner negotiating with the mortgage company to allow them to repay back-payments over a period of time.
  • MORTGAGE MODIFICATION
    • A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these, for a more affordable mortgage.
  • RENTING THE PROPERTY
    • Renting can also be an option, if a homeowner has a mortgage payment low enough, they can convert their property to a rental and use the rental income to pay the mortgage.
  • BANKRUPTCY
    • Bankruptcy is only a ‘foreclosure solution’ in some states and situations, but still remains a challenging financial decision.
  • MORTGAGE REFINANCE
    • A mortgage refinance can be an option if a homeowner has sufficient equity in their property and their credit is still in good standing.
  • SERVICEMEMBERS CIVIL RELIEF ACT
    • This act was implemented to help members of the military experiencing financial distress due to deployment.
    • Contact me for more information.
  • SALE OF PROPERTY
    • Selling your property can be accomplished if a homeowner has sufficient equity and a qualified agent who understands the current market. If you don’t have equity, a short sale may be the best option.
  • Step 6: Action!
    • Obtain a copy of my report, “Your First Steps to Avoid Foreclosure” and pass it along to anyone who may benefit from this information
    • Contact me today and let’s get you back on the path to financial security
  • In Closing
    • I believe every homeowner deserves the best information and education to avoid losing a home to foreclosure and damaging credit for years to come
    • As a CDPE, I have been trained to assist homeowners in difficult situations
  • Don’t Hesitate To Contact Me
          • Rebecca Griffin
          • Coldwell Banker Pency Owens Realty Inc.
          • 5710 Gall Blvd Zephyrhills, Fl 33542
          • [email_address]
          • CertifiedDistressedPropertyAgent.net
          • Cell:813-300 -1820