Wellington Florida Short Sale Agents- Put Your Short Sale In The Right Hands
If you are behind in your mortgage payments, can no longer even catch up on making your mortgage payments and are just about ready to throw the keys on the kitchen counter and just walk out- hold on for a little while longer.
If your bank has told you that one of your options is to do a short sale then you need to understand what a short sale is, what will be expected of you and from you. Your bank is in the business of collecting payments from you.
We have been noticing more abusive practices and more pressure during phone calls from the banks to their customers, the home owners. Being a customer of a bank is much different than being a client. You as the homeowner is not the client. You are the customer. If you are behind in your payments it is the bank's duty to their clients, who are the investors and owners of your mortgage note, to collect the money that is owed.
For further information about what is in the process of the Wellington Florida Short Sale- read articles at Short-Sales-Florida.com. You can read up on Wellington Florida short sales on our website. This will give you a good idea as to how to proceed and what will be expected from you.
The most important thing to remember and to take heed of is that by doing nothing, by ignoring your situation and by trying to hide- it is not going to make your situation better and it is not going to make your payments up to date. What it will do is force the bank to adhere to the part of their contract that says that they will foreclose on you.
There are options to foreclosure. It is not so simple as to just put the keys on your table and walk away. The foreclosure does not stop because you do that and the effects of the foreclosure will continue to follow you for many years to come.
If you have a second mortgage that is a home equity line of credit, known in the credit world as a HELOC, those in Wellington Florida will be charged off as bad debts. This places this debt into a credit section of the law. Then the charged off loan is sold to collection agencies. They buy these charged off debts for 20 cents or so on the dollar. Then they haunt you, they come find you, they look for you, they are like credit bounty hunters. They will likely go to court and get a judgment against you and they are allowed to renew that judgment every ten years.
This is not something that you can just wash away.
Call Nestor and Katerina Gasset today to go over your options to foreclosure. Your consultation is confidential and we do not charge you to have a consultation. Take the right course of action and pick up your phone right now and call us at 561-753-0135.
We can not guarantee your outcome but we can assure you that there are likely better options for you than a foreclosure.
Don't Delay! Don't Wait Until The Sheriff Is Knocking On Your Door! Pick up your phone and call us to see if you can avoid foreclosure.
To view Welington Florida Homes For Sale Click here. We know Wellington Florida Real Estate and Wellington Florida Short Sales and will help you get your home Sold if you need to Sell your home and help you buy your home in Palm Beach County Florida: Call us today.
Copyright © By Katerina Gasset 2010 * All Rights Reserved* Wellington Florida Short Sale Agents- Put Your Short Sale In The Right Hands*
Katerina ... you are definitely the specialist in this area, I would not trust any realtor but you!
Katerina: I have a client that tried a short sale, but the bank required the property taxes, and all HOA fees had to be up-to-date before they would even consider a short sale. As my client said, If I had that $5000 I could probably afford to keep my place as well.
He's just waiting for his foreclosure notice. He's willing to take the risk of what a foreclosure may do after the banks less than willingness to help.
That's the problem. The banks. When they had a problem the people bailed them out. Now the people have the problems....and well...we know the rest of that story!
katerina,
It is an important message. The problem is that those who are aware, know, those who need it most, have no clue
Hope they find you when they still have time
Doing nothing is the worst thing a person could do. Excellent advice.