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In response to the call of the National Association of REALTORS, the Obama Administration has announced new incentives and uniform procedures for short sales under its Foreclosure Alternative s Program (FAP). Participating mortgage servicers must comply with program requirements which include the following:
• $1,500 to homeowners to help with relocation and expenses
• Lenders must give homeowners ample time to market and sell their property, up to one year, depending on market conditions
• Lenders can not charge homeowners fees for participating in the FAP program
If you have brought your payments current and removed your property from foreclosure, I offer my congratulations and I am sincerely pleased for you. However, if you have not yet caught up on your payments, late charges, impounds and attorney’s fees, there are two ways to do this; you may either sell your property or borrow against the value. Unfortunately, there’s a catch, most lenders will not lend money to someone who is currently in foreclosure. Around 6 months from your first default notice, your property can be auctioned at a Foreclosure Sale, where you could lose your property, your equity, and your good credit rating.
We completely understand that bad things happen to good people. Therefore, we are here to offer you solid solutions to your present situation. Here’s how we can help; I represent private investors and I am a licensed real estate broker/REALTOR. We can also market your property through our local, regional and national websites to quickly find a qualified retail Buyer.
Even if you owe more than your property is currently worth, list your property with our firm and we will negotiate and wordk with your bank to get it sold.
Don’t make the biggest mistake of your financial life. Most property owners in foreclosure let the bank take their property and ruin their credit rating. Almost always, when properties are sold at a foreclosure auction, the owner does not receive a dime. In some cases, the mortgage document allows the bank or mortgage company to seek a deficiency judgment against the property owner, if the sale does not bring enough money to cover the balance.
Over 100 properties go into default everyday; we can only work with very few people at a time. IT’S UP TO YOU TO CALL ME!!!
I’ll explain the alternatives, discuss your situation and answer all of your questions. My phone number is 1(850) 240-3122. I’ll be happy to talk with you, days or evenings.
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