Michelle Wants You To Know...

UNDERSTANDING THE BANK'S PERSPECTIVE

Why do Banks/Lenders prefer SHORT SALES over a FORECLOSURES?

FYI: Its important to understand that Banks/Lenders are better off doing a SHORT SALE than FORECLOSING on a property.

The Home Affordability Act was establishd by the Obama Administration in hopes to help 4 to 5 million homeowners who have a solid payment history on an existing mortgage owned by Fannie Mae or Freddie Mac. In addition to 3 to 4 million at-risk homeowners to help avoid foreclosure by reducing monthly mortgage payments. Although these numbers sound significant and it seems as if everyone in default can be saved by this program, the truth is that this program CANNOT help everyone. Not only is the default rate in America far beyond those staggeing numbers, but the program has specific guidelines and one MUST QUALIFY to be approved.

The good news is that "If you do not qualify for one of the Home Affordabilty Programs there still is HOPE." 

Contact us today to see if you qualify for a short sale

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