Columbus OH – The Stop Foreclosure Institute
recently received a question from Kathy. “Why would I short sell
my house instead of saving the monthly payments and letting it go into
foreclosure?” Kathy asked.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Here is our answer. If you stop paying your
mortgage, then you can live in your home rent free for 12-24 months, depending
on the state you are located within.
I have seen lenders wait a year after the first missed payment just to file for
foreclosure. Yes, you can live in your house for free for a long time. However,
a short sale has many advantages over a foreclosure.
It does less damage to your credit and allows you to buy another home in 3
years versus the 5-7 years after a foreclosure. In addition, you can get some
money as an incentive for doing the short sale.
If you want the benefits of both, then stay in your home until the foreclosure
case has been started. Then, start working with a short sale agent. A short sale
can take anywhere from 3 months to even 6-9 months to process.
This will allow you to salvage your credit and live "rent free" for
12-24 months. You will be able to wipe out all that upside down debt and move
on with your life.
Best of all, you will be eligible to buy another home in 2-3 years once you are
back on your feet. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an
e-mail at robin.lemmons@kingthompson.com.
I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any
questions you may have. Or, if you prefer, you can call me at 614-741-2495.
Discover how other sellers successfully completed a short sale and request a
free consultation by clicking
here. http://columbusohshortsaleadvisors.com/
Thinking about a loan modification? Our Columbus loan modification kit has the
instructions you will need to get a loan modification approved with your bank. Click
here to request a copy. http://columbusohshortsaleadvisors.com/
Thanks for reading this, Robin Lemmons.
Rick & Robin Lemmons is a Real Estate Team at Coldwell Banker King Thompson.
Phone: 614-741-2495
Email: robin.lemmons@kingthompson.com
A Zest For The Best
View My homes for sale at www.rickandrobin.com.
Columbus Loan Modification Help, Columbus Short
Sales, Columbus Short Sale Realtor. Columbus Short Sale Realtor. Columbus OH
Short Sales. Columbus Realtor. Columbus OH Short Sales. Columbus Realtor.
Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.
Important
Notice
Rick & Robin Lemmons, Coldwell Banker King Thompson, and the Stop Foreclosure
Institute are not affiliated in any way, shape, or form with the government.
Our services have not been reviewed or endorsed by the government or your
lender. Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to
help you on a short sale, your lender may not agree to a short sale or to
modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else
in life. It takes work and persistence to convince your lender to modify your
loan. No matter what you or we do, your lender may not approve a loan
modification.
We do not recommend that you stop paying your mortgage, because this will cause
damage to your credit and could cause you to lose your home. Because we know
avoiding foreclosure is so important to any homeowner, we recommend that you
speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a
licensed professional before making any decision. Information is deemed
reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your
lender if it does not meet your approval. If you decide not to go thru with the
short sale, then you do not have to pay us our fee. We normally make a real
estate sales commission for helping you on a short sale.
The views expressed here are Robin's personal views and do not reflect the
views of Coldwell Banker King Thompson.
This information on Columbus Short Sale Question: Why Would I Short Sell My
Home Instead Of Saving The Monthly Payments & Letting It Go? is provided as
a courtesy to our viewers to help them make informed decisions.
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