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Foreclosure in Potrero Hill : Real Estate Advice

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  • Local Info10
  • Home Buying13
  • Home Selling1
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Activity 2
Mon Apr 14, 2014
Sandra Lehtonen answered:
Hi Alison,

Thank you for writing in. This is a great question. There are a few options available to the homeowner who is facing foreclosure. They are as follows:

For a temporary fix:
1. File Bankruptcy;

For a more permanent fix:
1. Contact your current lien holder to request a loan modification;
2. Contact your current lien holder to ask about a Deed in Lieu of Foreclosure;
3. Foreclosure.

I hope you find this information helpful.

Thank you,

Sandy
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Thu Mar 20, 2014
Laura Feghali answered:
Hi jspy777,
Either an agent or a Broker but select the one to work with that has a lot of experience with the foreclosure process as it is different from a normal sale.

I suggest that you interview a few agent/Brokers to determine their market experience and then choose the one who knows the foreclosure market well, is readily available during your time frames, and who you feel most comfortable with.

Good luck to you!

Laura Feghali
Prudential Connecticut Realty
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