Doing a short-sale would be an option. My team specializes in getting these properties sold. We also negotiate with the bank on your belhalf.
Give us a call if you would like to discuss your options.
At,
We are sorry that you find yourself in a situation such as this. So many people are going through the same thing.
Prior to making a committment to take an kind of drastic measures, our recommendation is to become informed about the process and the implications of the act of going the "foreclosure" route. Many people are making this decision without having an accurate understanding of what id truly means to them and their credit.
Don't be one of the uninformed.........do your homework before deciding to do anything.
Good luck,
The Eckler team
Sorry to hear you have to make this move. It's happening everywhere and I think you'll be able to repair your credit when all is said and done, much quicker than you think. I am referring an extremely capable attorney to you that specifically works with your situation. If you have legal representation throughout this process, your chances of success are much better.
The link to his law firm is also below:
Daniel A. Kaskel
301 Yamato Rd. Ste 4150
Boca Raton, FL 33431
561-237-6822
GOOD LUCK,
Scott Miller, Realtor®
Estate Specialist
Commercial RE
Business Broker
Realty Associates
561-716-4060 direct
561-451-9377 fax
http://www.LoveBoca.com
Before you stop payment on your property to create a foreclosure situation, you might want to consult an attorney. Be aware that a foreclosure will ruin your credit for quite sometime. If you are just "wanting" to walk away from a financial obligation, you will need to know the down side of doing so, so legal advice is absolutely imperative if you want to protect other assets. The other question is, have you already gone to short sale? If not, you might want to talk to the bank about this option. But you have to be at least two months late in payments for a bank to even consider "short sale"--and again, you will be destroying your credit, which can affect many other things such as insurability, credit cards, purchase of a vehicle, etc.
call an attorney - one that deals in bankruptsy
let them guide you through to protect you in the process
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