Is Your Home Being Threatened With Foreclosure? We Can Help! We all face difficult challenges in our lives at one time or another when it comes to finances. Loss of employment due to downsizing or health reasons, credit card debt, divorce, an unexpected death in the family, lawsuits and any number of other reasons can put a strain on your budget, making it difficult to keep up with your mortgage payments. Each homeowner confronts unique circumstances. While credit cards will accept partial payments, most mortgage lenders will not. Pretty soon you find yourself 3 or 4 months behind in your payments. When this happens, the mortgage company will likely begin foreclosure proceedings by serving a notice of default. A notice will then be published in the local newspapers. You will have to pay all back payments, plus late charges and attorney fees. It is at this point you need to act quickly, as your property is on the fast track to the auction block. Do not ignore the letters you receive from your mortgage company. Contact your mortgage company immediately to explain your situation. You should be prepared to provide them with a financial statement, including your monthly income and expenses. You may be able to work out a repayment plan with the lender, making your current payment along with some extra money going toward the past due balance. But if your financial situation hasn't improved since you fell behind in the first place, it will be hard for your to come up with the current mortgage payment, never mind the additional money. What Can We Do For You? I work with lenders who have many programs available to help refinance your home. I will refer you to them to help find a program that works for you. If refinancing is not an option for you, then I can place your home on the market, and sell it quickly at the highest price that the market will bear, leaving you with cash in your pocket. The more time you have, the better the chance you will have of selling your property for its full market value. In the current real estate market, your home may be worth much more than you realize. It all starts with a free, no obligation market analysis of your home. From here we will decide what is the best path for you to take. If you owe more to the bank than you home is currently worth, we will work with your bank to obtain permission to do what is called a "Short Sale" - selling your property for less than what is owed on it. Please be assured than any information you give me is held in the strictest of confidence. Time is of the essence when facing foreclosure. Please contact me immediately to explore your options. Jim Armstrong Contact Jim
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