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Avoid Foreclosure - Ty Leon Guerrero of Team1Realty serving Danville, Walnut Creek, Antioch, Pittsburg, Brentwood, Fairfield CA
Avoid Foreclosure - Ty Leon Guerrero of Team1Realty serving Danville, Walnut Creek, Antioch, Pittsburg, Brentwood, Fairfield CA
Avoid Foreclosure - Ty Leon Guerrero of Team1Realty serving Danville, Walnut Creek, Antioch, Pittsburg, Brentwood, Fairfield CA
Avoid Foreclosure - Ty Leon Guerrero of Team1Realty serving Danville, Walnut Creek, Antioch, Pittsburg, Brentwood, Fairfield CA
Avoid Foreclosure - Ty Leon Guerrero of Team1Realty serving Danville, Walnut Creek, Antioch, Pittsburg, Brentwood, Fairfield CA
Avoid Foreclosure - Ty Leon Guerrero of Team1Realty serving Danville, Walnut Creek, Antioch, Pittsburg, Brentwood, Fairfield CA
Avoid Foreclosure - Ty Leon Guerrero of Team1Realty serving Danville, Walnut Creek, Antioch, Pittsburg, Brentwood, Fairfield CA
Avoid Foreclosure - Ty Leon Guerrero of Team1Realty serving Danville, Walnut Creek, Antioch, Pittsburg, Brentwood, Fairfield CA
Avoid Foreclosure - Ty Leon Guerrero of Team1Realty serving Danville, Walnut Creek, Antioch, Pittsburg, Brentwood, Fairfield CA
Avoid Foreclosure - Ty Leon Guerrero of Team1Realty serving Danville, Walnut Creek, Antioch, Pittsburg, Brentwood, Fairfield CA
Avoid Foreclosure - Ty Leon Guerrero of Team1Realty serving Danville, Walnut Creek, Antioch, Pittsburg, Brentwood, Fairfield CA
Avoid Foreclosure - Ty Leon Guerrero of Team1Realty serving Danville, Walnut Creek, Antioch, Pittsburg, Brentwood, Fairfield CA
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Avoid Foreclosure - Ty Leon Guerrero of Team1Realty serving Danville, Walnut Creek, Antioch, Pittsburg, Brentwood, Fairfield CA

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Property owners facing foreclosure have options. It's critical to know your options.

Property owners facing foreclosure have options. It's critical to know your options.

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  • 1. Avoid Foreclosure Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 2. Property owners facing foreclosure have options. Its critical to knowyour options. • Modification Option • Forbearance Option • Short Sale Option Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 3. Modification OptionThis is an option that may allow you to reach an agreement with yourmortgage lender to change some or all original terms and conditions ofyour mortgage, such as reducing your monthly payment to a moreaffordable amount, length of loan term, interest rate and in some casesyour lender may reduce your principal balance. Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 4. Modification OptionThis is may be an option if:• You are not eligible to refinance.• You are facing long-term financial hardship.• You are several months behind on your mortgage payments or likely to fall behind soon. Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 5. Forbearance Option• This option temporarily suspends or reduces you monthly mortgage payments for a determined period of time.• This is an agreement made between you and your lender.• “Forbearance” allows you to deal with your short-term financial difficulties, it provides you with some time to get back on your feet and bring your payments up to date. Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 6. Forbearance OptionForbearance may be an option if:• You are not eligible or wish not to refinance.• You are facing short-term financial difficulties.• You are several months behind on your mortgage payments. Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 7. Don’t Run Out Of Time• If you default on your loan and don’t work out a plan of resolution with your lender, the lender will take the necessary steps to schedule a public foreclosure auction of your property.• In some cases countdown to the auction is less than 30 days. Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 8. Don’t Run Out Of Time• It is critical that you understand exactly how much time you have before you loose your home.• A Tangible deadline will help you set goals, find the right resource for you with the help of a professional you trust and take control of the situation.• Remember, the longer you wait, the fewer are the options that you will find. Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 9. Don’t Run Out Of Time• Contact your mortgage lender to find out the status of your situation and discuss options.• If you feel you are getting nowhere with your lender, seek other resources.• The worst thing you can do is DOING NOTHING about your situation. Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 10. Short Sale Option• This transaction is carried out by a REAL ESTATE AGENT.• Your mortgage lender agrees to discount a loan balance because of economic or financial difficulties on the part of the homeowner.• The homeowner sells the mortgage property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender. Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 11. Short Sale Option• Doing a SHORT SALE is simply the most economical solution for a homeowner who cannot afford the mortgage payment anymore.• It is much more beneficial to do a SHORT SALE versus just letting a property go into FORECLOSURE (which is likely to have very serious and negative consequences). Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 12. Contact Ty Leon-Guerrero Twitter Facebook LinkedIn Alameda, Contra Costa, Sonoma, Solano, Napa Counties Fairfield, CA 94533 Call Us : 800-533-7107 www.team1realty.com

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