ATTENTION: CALL NOW TO AVOID PUBLIC FORECLOSURE
I may be able to advise you about how to AVOID FORECLOSURE, PRESERVE YOUR CREDIT FROM FURTHER DAMAGE and POSSIBLY PUT CASH IN YOUR POCKET (from equity in your home.)
View the comparison chart below and call me today (631-335-7141).
FORECLOSURE
Credit Score may be lowered as much as 160 points. Usually, can impact credit or up to 10 years.
Credit Score may be lowered as much as 160 points. Usually, can impact credit or up to 10 years.
It can be nearly impossible to buy another home for years.
In 100% of foreclosures (*except in those states where there is no deficiency rights for lender) the bank has the right to pursue a deficiency judgment.
In 100% of foreclosures (*except in those states where there is no deficiency rights for lender) the bank has the right to pursue a deficiency judgment.
DEED IN LIEU
(Alternative Resolution)
Credit Score may be lowered as much as 50-125 points. Usually, will impact you less than foreclosure.
(Alternative Resolution)
Credit Score may be lowered as much as 50-125 points. Usually, will impact you less than foreclosure.
If accepted, the lender may release you from all further monetary obligations.
SHORT SALE
(Alternative Resolution)
May show as “settled” or “legally paid in full for less than the loan balance”
(Alternative Resolution)
May show as “settled” or “legally paid in full for less than the loan balance”
You can qualify much more quickly for an FHA or Fannie Mae backed loan than with a foreclosure (potentially after only 2 years.)
If accepted, the lender may release you from all further monetary obligations.
If accepted, the lender may release you from all further monetary obligations.
QUICK OFFER OR TRADITIONAL SALE
(Alternative Resolution)
Only defaulted payments will appear on your credit report. No foreclosure or further default on record.
If you have equity in your home, you may very well walk away with a good sum of cash in your pocket.
(Alternative Resolution)
Only defaulted payments will appear on your credit report. No foreclosure or further default on record.
If you have equity in your home, you may very well walk away with a good sum of cash in your pocket.