I want you to know, you are not alone. This is the moment that you’re ready to throw in the towel, agents left and right can’t sell your house because you owe more than what the house is currently worth on the Market.
You have little to no money to catch up on your past due mortgage balance or to even move into a different house or apartment; and Foreclosure is NOT an option.
Have you considered a Short Sale? What is a Short Sale?
This is where we, Oyezz Real Estate, can step in to help you, the homeowner.
During the Short Sale process, we gather information from you, put together a short sale package to submit to your lender, we list your house to be sold As-Is and while it is on the market; we receive an offer for the house and negotiate with your lender(s) to accept the Short pay-off to satisfy the loan. Once the bank agrees to the terms, they issue an Approval Letter and they usually give a 30 day deadline to close the sale.
Depending on how many liens and encumbrances are on the house, it gives you anywhere from 3-6 months to live there until the closing day for the sale of the house. 3-6 months of saving up for a down payment on a different house or an apartment looks pretty good right about now.
There is also a chance for you to receive Seller Incentive money at closing. About 70% of our clients receive on average about $2,000, if they qualify.
Everyone’s situation is different, so I strongly advise you to call us for a free consultation.
If you want to ask around be careful. If someone is trying to get you to pay money upfront it’s a scam!
You should not be paying any upfront fees.
If you have any questions feel free to call or email me.