BENEFITS to doing a Short Sale vs Foreclosure

1. Would you have bought this home at an overinflated price
Ie: $425,000 and now the value is at $170,000?

2. Each payment you currently make is going into a "black
hole, (with not increasing the value), literally throwing the money away as
the value of the home may never reach your debt obligation.

3. The lenders are prone to accept a lesser amount as a short
payoff now on what is owed, then in years to come.

4. Currently lenders are geared to "forgive" the excess debt
on a lower purchase price, in this market than in years to come.

5. The cost of a short sale when everything is completed goes to the
lender and the bank pay's ALL the fee's.

6. Once you've rid yourself of this large debt, FHA guidelines allow you
to purchase a home again within 2 years.

7. In the current market you can find a house to rent for the same size, if not
larger, for the same or less than your current mortgage payments.

Should you have any questions please call me so we can sit down and evaluate your situation.

I will help you to get back on your feet financially. My service is at no cost to you. Everything is confidential between you and me.

Please let me help you,

Jochen Eckermann, Broker/Owner
Orange Country Real Estate

Phone (239) 410-0654    Se habla espanol  (786) 280-8163