Foreclosures,  Short Sales and Modifications

 

In these times with the financial challenges brought about by COVID, many of our neighbors are in fear of losing their homes to foreclosure.

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If you find yourself in this situation, we can help explain the foreclosure process along with short sales and mortgage modifications. 

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Foreclosure:  You must be given the opportunity to meet with your lender at a Foreclosure Conference before any court proceeding may begin.  There will be referee from the court conducting the conference.  You may bring a lawyer if you wish.

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Short sale:  Your mortgage company allows you to sell your home at a price that will not payoff your mortgage.  (It's also referred to as being "under water.") Once sold, you will have no more obligation to your lender.

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Modification:  You may work out a compromise with your mortgage company to keep your home.

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We are to help.