Why a short sale May Be Right for You
With only a year left in the Mortgage Forgiveness Debt Relief Act and Debt Cancellation, the clock may be ticking on your home. If you are facing foreclosure and are looking for a way out, our short sale seminar can provide you with the tools you need to avoid foreclosure and sell your home. There is no doubt that it is a tough real estate market and that many sellers are having trouble finding buyers for their homes. While short selling your home may seem undesirable, it is actually a much better option than simply walking away from your property.
Why the Banks Want You to Short Sell Your Home
The tough economy has made short selling your home easier than ever before. The banks are overloaded with repossessed properties and are unable to sell the ones they have. To make matters worse, once a bank has taken possession of a house, it must pay for upkeep and clean-up throughout the period it remains unsold. The large number of foreclosed homes that remain boarded up and abandoned are becoming a liability for the banks and they would rather allow you to short sell your home, forgiving part of your debt, than take on another foreclosure.
Foreclosures have become such a liability for the banks, that many have started offering incentives to encourage debtors to short sell their homes. If you have kept your house in good repair, you may qualify for a settlement from the bank. Banks have been known to offer up to $20 000 at the completion of a sale, so long as the house is kept in good condition and nothing is removed from the property.
Why You Should Attend Our short sale Seminar
In spite of the Banks’ incentives, the short sale application process can be tricky if you do not know what you are doing. At our seminar, we will answer your questions about foreclosure and short sales and give you the tools you need to get the best deal from the banks. The media is full of false information regarding the state of the economy and the housing market and we will teach you how to tell fact from fiction, and how to avoid the multitude of scams that target homeowners facing foreclosure. Our seminar will cover:
– How to separate reality from myth in the media
– How to avoid scams
– Federal programs made to help homeowners
– And much more…
If you are a homeowner and you are facing foreclosure, stay tuned for our short sale seminar on November 17th to find out what your options are!