I love to help homeowners in distress. Give me a call and lets get to work. I can offer you the experience that comes from working with distressed property owners since the beginning of this real estate bust. I look forward to hearing from you soon to discuss your situation.
Robert K. Peddicord
Real Estate Consultant
Prudential Americana Group, REALTORSÂ®
Direct: (702) 218-3974
E-Fax: (702) 317-3371
Email : firstname.lastname@example.org
Web : http://www.peddicordconsulting.com
871 Coronado Center Dr.
Henderson, NV 89052
If you can show a hardship and can no longer afford your home, the key is to conduct a short sale
Let set a time to meet and discuss your situation.
I can help you.
Cell (702) 379-3662
Toll Free 1(800) 225-5947 #5728
Now, I am not going to try and take the place of Dr. Phil here, but I would like to share a few thoughts with you that Dr. Phil might, if he were blogging on this site.
It looks like the general consensus is to NOT give your house to the bank, but rather to negotiate a short sale. Cited are suggestions that depending on who your lender is, the Bank may be willing to pay you to do a short sale. Also, cited is the possibility that the bank will agree not to pursue you for the deficiency.
A couple of reasons not mentioned (as far as I could see) is that first, you can continue to live in the home and not make any payments while we negotiate the short sale. This means that you can stay in the home and save your money for up to several months, so that when you finally do have to move, you will have enough money to pay for rents, deposits, and various moving expenses. Second, (and now here is the Dr. Phil portion of my response) if you consider this as a chance for you to work on getting rid of other debt you have, you may also find your relationship will heal as well. Since money issues are the greatest strain to a relationship these days, perhaps I am onto something here.
So, here is my suggestion and nearly shameless plug for my services... This marriage between you and your Lender has failed. Let me be your Dr. Phil in finding a resolution to your marital problem with your lender. We call it a Short Sale, but in this case, perhaps I can stretch (for literary sake) and say, let me negotiate an amicable split to your relationship with your Bank. I may not be able to help you fix things between you and your partner, but once the money issues are out of the way, perhaps the Sun will shine over that relationship as well.
Best wishes, and thanks for reading.
I've worked for years with homeowners AND lenders in your situation.
Call me at your convenience to discuss your options.
Jeffrey Burnham -aka "The Wizard"
Encore Realty Group
Best of Luck!
Realty One Group
I feel for you. I have client's that are in the similiar situation.
1. The first thing that I would recommend you do. Is contact your mortgage lender and let them know what your situation is and that you need help. Explain your situation and see what options they have available for you to assist you. The main thing is Communication. Communicate with your mortgage lender and let them know what is going on.
2. Deed in Lieu of Foreclosure - Will pretty much affect your credit the same way a Foreclosure would. It benefits the Bank when homeowners do this. Because it's saves the bank money by not having to file all the legal documentation in order to foreclose on the homeowner and it also saves them time which equals more money they saved not having to wait to foreclose on the homeowner and get the property back.
3. Short Sale - Most likely the best thing to do if you no longer can afford to stay in your home is to Short Sale it. This benefits you in many different ways. One way is the Bank may give you money to assist you with your moving expenses which you would get after the sale of the house and you have moved out of the property. The amount varies per Bank. The major benefit is that the agent you hire can help negotiate having the deficiency judgement released. Which means if the deficiency judgement is released you wouldnt have to pay taxes on the difference the bank has forgiven. Main concern with Short Sales is you have to show a Hardship and your Bank will request financial information. Similiar to when you had to qualify to buy your home.
4. Govt. Homeowner Assistance - If you would like to stay in your home. I have other government resources that will give you financial assistance in order for you to stay in your home. From helping you make payments, to paying off a 2nd loan or even paying down the principal balance.
They main thing that all homeowners need to take into consideration is that the Mortgage Debt Forgiveness Act is set to expire this year on December 31st, 2012. It can affect a lot of homeowners that are undecided or on the fence about Short Selling their home. In a nutshell what this means to you and other homeowners. Is that if you decided to wait until next year to short sale your home you would be responsible for taxes on the forgiven debt.
The Best way to find out which situation would be best for you. Is to set a time to meet with an agent and discuss your situation.
I'am here to help. If you have any other concerns or questions that were not answered here please contact me and I would be happy to meet with you and discuss your options.
Barrett & Co., Inc
2885 S. Jones Blvd
Las Vegas, NV 89146
(702) 592-9510 ph
Per the responses from other agents you have been given some good advice.
You need to entrust a realtor thay you feel comfortable with.
Most importantly a team like ours where you will get free legal and advice as well .
As thw other agents state, there are many programs where you are guAranteed a full release of liability and some cash for moving expense.
Look forward to an educated conversation with you.
One option which can help save your credit drastically and may give you some moving cash in the process, is to Short-sale your home, that is sell your home for less than what you owe and have your bank agree to that.
My partner is extremely experienced in selling short-sales and I work with multiple investors who will purchase your home right now.
For an honest, professional team please contact me. Our resumes are found on our site http://www.SinCityRealEstate.com along with what a short-sale is and what it will entail for you as far as work and effort on your part. It's not nearly as scarey as you think and can be quite a relief from what you're experiencing now.
HAFA will CANCEL Pending Auction Sale Date
HAFA Will Forgive Entire Mortgage Amount of All Loans
HAFA Will Show PAID OFF on your Credit
HAFA Will Allow You To Buy A House Within 12 Months of Completion of Short Sale!
This Program Will Pay All Closing Costs
If you're in danger of losing your home, or if you want to walk away from your home,
contact me right away!
We need to speak in person to go over your options-
The key word in your email is struggling- If you can show a hardship and can no longer afford your home, the key is to conduct a short sale- Please reach out to me asap and we can get the process going-
We are an experienced short sale team that can walk you thru the process.
See the website below that gives you a lot of information about your options.
Sorry to hear of your misfortune. Everyone in las Vegas has been hit hard by the housing crash. If I can help you, I am here to assist. You can either do a deed in lieu of foreclosure, or you can negotiate a short sale. for a lot of reasons, a short sale is to your advantage. I specialize in short sales and would be more than happy to help you wade through your options. please feel free to call me at702-491-4663, or email me at email@example.com
Best of luck, and thanks for reading.