Home Owners Foreclosure Assistance - Avoid Foreclosure!

Taking positive action and control to resolve your challenging situation!

Do you need to sell your home and owe more than it’s worth?

Do you need help and need a professional with experience in short sales to list your home!

Most homes are in Sales Contract within the first month, which is greatly appreciated by homeowners.  There are also significant advantage and benefits when doing a short sale compared to letting your home go to foreclosure.  Two benefits being the mortgage forgiveness debt relief act and debt cancellation and how your credit is affected.

*Short Sale Meaning:  an agreement with the lender(s) to accept less than the amount owed by a borrower when the property is sold to a third party.
*Who qualifies for a short sale?
The lender(s) must agree to accept less than the amount owed on the mortgage and may choose to accept a short sale when a homeowner can prove distress and financial hardship.  The following may be cause for a lender to consider a short sale: Behind on Payments -- Going through Divorce -- Lost your job -- Facing Foreclosure -- Illness -- Death --   Interest adjustment -- Reduction of Income -- and more…..

Why the banks prefer short sale to foreclosure?  They have a better chance of getting more money for the property than if it were to sell at foreclosure.  They also have other benefits…….

Unfortunately time is working against us, so please do not delay in contacting me.

Charles Fernandez - Your Friendly Realtor and Short Sale Specialist
Free Consultation - Call Today (Se Habla Espanol)
401-692-9582 or charles(at)heavensrealtors.com
Website: www.heavensrealtors.com

*Save this letter if you are not ready to call, because this might be the only one I send you.

Meaning of Short Sale:
A short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's Loss mitigation department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale.