BEFORE FORECLOSURE OR SHORT SALE – WHAT ARE MY OPTIONS?

BEFORE FORECLOSURE OR SHORT SALE – WHAT ARE MY OPTIONS?

Upside down on your mortgage? You have company, estimates are that between 50 to 75% of our community is upside down. This is a serious situation that is only getting worse.

Don’t giving up! Don’t move out, Don’t just ignore the situation, we can get through this. As bad as it may seem today, someday this will all be behind us! You and your family will Prevail.

my name is Jeff Cameron with Keller Williams Integrity First here in Scottsdale, helping home owners across the valley. Unfortunately, I have been there. I have had a personal short sale, foreclosure and that led to bankruptcy. I know what you are feeling.

As dramatic as these experiences were on me and my family, I believe they happened for a reason. For me to grow from what happened, so I can help others through it.

This experience, along with a strong support team and my 15 years in real estate is why I am qualified to assist you on your journey!

Most people I talk to just don’t know what to do, they call their bank and can’t get a real answer. That is why I have put together this series of videos, to help you with the important information you need.

So where to begin? This video focuses on the steps You should take in determining what is best for YOU and YOUR family.

Step 1
1. Can I save my home? This should be the first priority. There are several options such as: Reinstatement, Forbearance, loan modification, Refinance and Short Refinance. It is very important you follow through with this step first and decide what is best for You and Your family. Answer the question “is it possible to save my home.” Our video Before Foreclosure or Short Sale – Step 1 on Save My Home will walk you through this step in greater detail. Programs such as HAMP, Making Home Affordable Modification Program.
Most people watching this can’t save their home. This is why we have focused more information on the next steps.

Step 2
2. If I can’t save my home, am I protected? I mean protected from the bank and the IRS. We work with attorneys that will review your situation. They will help you get answers to these legal questions. Is your mortgage a purchase money mortgage? Can the bank come after you for recourse or do you have a Non Recourse loan?
What about the IRS? Talk with a CPA. One that is familiar with this subject.
Do you qualify for The Mortgage Forgiveness Debt Relief Act of 2007.
The answers to these questions will help you decide the next step. Is it better to do FC or BK? What about the new HAFA program, Home Affordable Foreclosure Alternative, do you qualify? Can this remove the recourse of the bank? These are all important questions you need answers to. We can help you. Our video on Am I protected will go into more detail on these subjects.
Remember- even if you are exposed, FC and BK may not be your best answer.

Step 3
3. If you can’t save your home and you are not doing a Foreclosure or Bankruptcy the next logical step is to save your credit? For many people, Short Sale is the fastest and easiest way to start over. First, many people stay in their home, make no payments, and begin to get caught up. Through short sale we help sell your home, save your credit and get YOU on path to start over. We work to get your home sold quickly and then have the legal arm take over to negotiate with the bank. We use a law firm to negotiate our short sales. They deal with hundreds of banks and know the back doors into the bank and how to get things done. I always ask this question, how could I negotiate with a bank, constantly call and be there when we contact is made when being a Realtor is a full time job.

Step 4
4. Time to clean up your credit? Start Over. This at first can be very difficult with poor credit. Now is the time to live within a Budget you can afford. Pay everything On-Time.
Hire a legitimate Credit Cleaning company. We work with a company that has been very successful for some in removing all those negative marks on your credit. Be proactive, don’t just wait until you need your credit. Give it your all and do what you can to get it scrubbed today! Check our site for video interviews with our credit scrubbers!

I know, from my own experience, how hard this is on you. These next steps you take are so important for the future of you and your family. It is so easy to “do nothing” and all of the sudden your home is gone to foreclosure. This could really affect your future.
Our clients have reported such a relief, clarity and excitement upon the sale of their home. See our testimonials from people that have had successful Short Sales and how much better they felt and how happy they were they took the best step for them.

For a FREE compassionate, intelligent consultation call 480-502-7699 or Jeff@TheCameronTeam.com

Last, I want to leave you with a quote that really helped me. It is from Vice Admiral Stockdale, the highest ranking naval officer held as a prisoner of war in Vietnam for 7 years.

“I will Retain Faith that I will prevail in the end, regardless of the difficulties.
And at the same time Confront the most brutal facts of my current reality, whatever they might be!”
The Stockdale Paradox

Retain the faith! And step up and confront the current reality! Don’t giving up! Don’t move out, Don’t just ignore the situation, we can get through this. As bad as it may seem today, someday this will all be behind us! You and your family will Prevail.

Thanks for watching, we have a full series of videos to help you through this process. Please comment on my blog, let me know what other videos you would find helpful and if you have a friend that may need help, pass on this video.