Sometimes in life things run away with you and you find yourself in a situation where it feels like the outcome is inevitable. In the last few years many homeowners have felt this way about foreclosure here in Central Florida.
But this need not be the case – foreclosure DOESN’T have to happen. There are ways to avoid foreclosure.
Remember – a foreclosure can show on your credit report for up to ten years, knock your credit score by hundreds of points.
What are your options? Well, have you considered a short sale?
Short sales can be a great solution for those who wish to avoid foreclosure but who are upside down on their home value – meaning that they owe far more on their home than the property is worth so are unable to sell.
A successfully negotiated short sale can allow a new home purchase in two years and credit score damage is a fraction of that of a foreclosure.
Here at RE/MAX AVALON PARK we may be able to assist you in completing a short sale to:
• Minimize short-term damage to your financial well-being and credit standing
• Free yourself from an obligation you do not want to keep, given current property
values and a thorough assessment of your overall situation
• Limit or eliminate your future financial exposure
Our Realtors are specialists in assisting those homeowners here in Central Florida who has the misfortune of purchasing at the peak of the real estate market a few years ago, who now have seen their home value plunge. We are familiar with the short sale process and can help you work with your lender to start the short sale process. We have certified short sale Realtors and also a knowledgeable Real Estate lawyer available to you. Contact us for an appointment and more information on how we can help you avoid foreclosure.