Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Upside down flyer
1. ARE YOU OR SOMEONE YOU KNOW UPSIDE DOWN WITH THEIR
MORTGAGE & IN DANGER OF FLORECLOSURE?
YOUR SHORTSALE SPECIALIST IS HERE TO HELP!
If you've missed payments, or are on the verge of doing so, don't waste time. Call us
today. We have the knowledge and the experience to help you navigate the rough
waters of today's economy. We can't guarantee we'll be able to help you stay in your
home, but we promise you that we will work with you to arrive at the best possible out
come for your particular circumstances. Here are a few things to look over and keep in
mind while trying to make your decision:
• For lenders, foreclosure is the last resort; one they wish to
avoid if at all possible.
• They may be open to other OP.tions, ones that can help you
avoid foreclosure and the arastic effect on your credit.
• Options include modifving the loan to make it affordable, or
a short sale, where the lender a_ pproves the sale of your
home for less than the balance of the loan. This can tiave a
far less of an impact than a foreclosure on your credit.
Short Sale VS. Foreclosure
Why the customer chooses to do a short sale:
Short Sale:
• Most often a negotiated settlement.
• Credit can be repaired in half the time.
• Can be eligible to but another home
sooner. (Some within 24 months)
• Low Attorney fees (if any at all).
• Peace of mind after closing.
• Often includes all liens in sale.
Foreclosure:
• Courts may dictate settlement.
• Credit can be ruined for up to 7 years.
• Possibility of high Attorney fees.
• Uncertain aboul deficiency judgments.
• Can. take up to 7-10 years to be able to buy
again.
• In some states, it runs the risk that other
liens will try to sue you for the balance.
Amanda Bruen • (603) 706-0830 �L -
KEl,l.ER
abruensells4u@gmail.com •
www.ISellYourHome4u.com WILLIAMS- T )
