If you are a home owner or business person that is going through tough economic times, you are not alone!Â And it is not YOUR fault!Â I keep on repeating this story.Â Home Foreclosure is probably happening to one in every 5 home owners.Â
I am very sadÂ after IÂ read the post on ABC News http://abcnews.go.com/US/arizona-courtroom-suicide-cyanide-found-arsonists-car/story?id=16753754
Â where a once consumers business man commits suicide in front of the court when he was found guilty of arson.Â He had allegedly set his "underwater house" on fire to avoid foreclosure and collect insurance proceeds... police found the situation suspicious and brought charges against him... he was found guilty of arson and facing 16 years in prison, decided to take his like in front of the cameras and the world.Â Very sad.
I know how difficult it is, because I lost everything I had made back in 20008 when the housing crisis found me over-leveraged and extended to the fact where I lost all my properties and had to file for chapter 7 bankruptcy.Â However, four years later after hard work and dedication I am making a decent living helping home owners short sale their property and avoid foreclosure... and also helping bank fix and sell foreclosed properties... I employ over 40 people and my FICO is above 685!
Why do I share this?
i share it to point out that there is life after foreclosure and financial crisis.Â The sun comes after the storm and we live in a wonderful country with laws that protect consumers and its citizens.Â Do not let foreclosure bring you down...Â Â the worst it can happens is that you start again... only this time you are smarter and much better prepared.
A short sale is a great way of moving forward and maintaining control of the situation and dictate the time frame... you get to open escrow and sell the property like you would normally do... and now the banks are helping with relocation costs thanks to our government pressure on them.Â You can get up to $30,000!!!Â yes I have negotiated that for some of my clients.
If you are feeling anxiety or depression over a possible foreclosure, please talk to someone... YOU ARE NOT YOUR MATERIAL POSSESSIONS... you have loved ones that will be standing by you and will be proud to see you get through the storm... please do not hurt yourself or your family...
no property in the world is worth your happiness and love of your family.Â There is help.. just reach out and plenty of people like me are here to assist you in your transition.
Ron Escobar, MBA
Broker CA DRE 01460645
General Contractor Lic 917824