Simi Valley Realtor-Simi Valley Homes For Sale|Simi Valley Real Estate
Alternatives to Foreclosures in Simi Valley
Alternatives to Foreclosure
·Did you know that bank foreclosure is at a 30 year high?
There are various reasons for such high levels of bank foreclosure such as: unemployment, an erratic stock market, and the fact that the cost of home ownership had increased.YOU HAVE OPTIONS! One very important thing to remember: Time is of the essence.
Many homeowners are not aware of all the options that are available to them to help save their home. If you do nothing, then you will get exactly that in return. Here are some quick tips to help you save your home or save your credit score from further “dings”:
Payoff / Refinance - This option may allow you to use the equity that you have established in your home to pay the delinquent amount. Depending on the interest rate of your new loan, your monthly payments might be reduced.
Reinstatement – Paying the entire default amount plus interest, attorney fees, late fees, taxes, missed payments and fees.
Loan Modification - This option may allow you to refinance the debt and / or extend the term of your existing mortgage loan.
Forbearance Plan - This option may provide for a temporary reduction or suspension of payments that will be increased at a later point to repay the delinquent amount over a specified period of time.
Partial Claim – A loan from the lender for a 2nd loan to include back payments, costs and fees.
Deed in Lieu of Foreclosure – This option may allow you to voluntarily "give back" the property to your Lender without further damaging your credit.
Bankruptcy – This option can liquidate debt and/or allow more time.I can refer you to a qualified bankruptcy attorney.
·Chapter 7 (Liquidation) To completely settle personal debt.
·Chapter 13 (Wage Earner Plan) Payments are made toward a plan to pay off debts in 3-5 years.
·Chapter 11 (Business Reorganization) A business debt solution.
Sell The Home: If there is sufficient equity in the property, you may be able to receive more for your property than what is due on the mortgage loan.
I am your guy! Since the real estate market has fluctuated the way it has, I have competitively educated myself in helping homeowners either save their home or sell it to save their credit ratings. If you choose to sell your home, I am among the top brokers in the Simi Valley area to market your home to both traditional buyers and investors. The goal is to sell your home at the highest and best offer in the shortest time frame possible. I have worked loan after loan in a way that I know what banks work best with what buyers, how to utilize the internet to benefit YOU, how to increase interest in your home, and close the deal in a timely, stress - free manner.
Simi Valley Short Sale Professional - 805-407-6453 Helpline!
Simi Valley Short Sale Specialist- 805-407-6453 Helpline! Free Consultation
Hello Neighbor,
If you find yourself in a position where you owe more than your home is worth and you need to sell, a short sale may be your best option. But don't get taken for a long, stressful ride by a self proclaimed 'expert'...
'What is a short sale?' Simply put, a short sale is a real estate transaction where the homeowner owes their lender more than what their property is worth and they need to sell. In a short sale, the lender must approve and accept less than what they are owed as full payoff (this means they may settle for 300,000, even if you currently owe them 400,000...even if the loss is hundreds of thousands of dollars).
Are you facing a financial hardship that you know will decrease your income?
Are you getting behind on your mortgage and you're not sure if you can catch up?
Or do you just need to sell quickly but your home is worth less now than when you bought it?
If you are facing any of the situations above, and you think a short sale might be your best option, then read on. If you're still not sure and just want more info, then scroll to the bottom of this page and request a free copy of our article 'The 9 Alternatives When Facing Foreclosure'
Don't worry. It's not your fault... You got to remember, we've all had our ups and downs in life and a lot of other good people are also in the same tough spot as you. Life seems scary when you're facing the reality of foreclosure and I know how you feel when you just don'twant to answer the phone any more...
We all agree that we're in the middle of a national mortgage crisis and that, in many cases, homeowners who have bought or refinanced in the last few year shave been seriously abused by unethical lending practices!!
You bought your home and hoped (like we all did) that it would increase in value (and some folks were even promised it would!), but most likely the harsh reality is that now your home is worth less than when you bought it and the value is still declining sharply.
I've helped several homeowners in this position to get the help they deserve.
It's sad but true! Did you know that nearly 90% of the homeowners nationwide who try to 'short sale' their home will end up losing their home to foreclosure due to an uneducated or lazy agent?
Don't allow this to happen to you! I hate to say this about my fellow agents, but the majority of them that are 'trying to help' have not been properly trained and sadly, they are misinformed as to how to even negotiate with lenders. Some even get so far as to submit your 'short sale packet' and then just sit back and wait for a response! In the end, they simply don't know how to help you and you will become one of those '90%' that were not helped.
Now it's up to you... I am ready, along with my expertise, to go to battle for you. Are you ready to take a serious look at your options and see how a short sale can help you:
Avoid paying TAXES on the money the bank loses at foreclosure! (Yes, you may have to pay taxes on the amount of loss to the bank if the home goes to foreclosure!)
Save your credit from the 'Foreclosure' ding
Avoid Bankruptcy
Avoid Foreclosure
Relieve the stress that this financial burden has become
WITH NO OUT OF POCKET FEES OR ANY UP FRONT COSTS OF ANY KIND! …or in other words, you pay me nothing and if I do my job and save you from foreclosure, only then will I get paid by the lender!
If you don't know what else to do and you don't call me at 1-805-407-6453, what will it cost you in damaged credit, frustration and stress? If I am unavailable when you call, Please leave a message and I will return your call within 24 hours or sooner.
I know how you feel and I can help.
Sincerely,
Mike Lefton, Broker Asscociate Lic.#01239632
Troop Real Estate
1-805-407-6453
P.S. Don't let the lender's abusive scheme take advantage of you and cause you to lose your home to a foreclosure auction! Save your credit and have peace of mind dealing with an expert.
Still Not Sure? At the very least, let me give you some information about your alternatives. The last thing you want to do is go through the foreclosure process. It's draining emotionally and psychologically. And you certainly don't want to face it alone. I've prepared a document I'd like to send you that details out in simple to understand terms what alternatives you have along with their pros and cons. If you're not ready to call me and let me help you, at least let me send you this information so you can be better informed on your options. I ask for your phone number because I will occasionally call people I've sent the information to for their feedback.
· Mike Lefton, Broker Associate
· Email: MikeLefton@Me.com
· 3200 E. Los Angeles
· Simi Valley, CA. 93065
· (805) 407-6453 Direct
· (805) 421-5355 Fax
· Contact Me
· Lic. #01239632
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