Strategic Default Or Columbus Short Sale? Which Is Better For You?

Columbus OH – If you are upside down, then you might be tempted to walk away. You'll mail your keys to the lender and move out.

Before you move out, I have some important information to tell you. You should stay in the house for as long as possible.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure. http://columbusohshortsaleadvisors.com/

In fact, the average length of time you can live for free is 461 days. That number is a statistic I've seen lots of people throw around.

I just tried to Google the official source, but it isn't coming up in several searches. I do know that number is true, based on all of the foreclosures I've seen recently.

Many lenders take around 12 months to file foreclosure. Then, the foreclosure process can last 6-12 months, if not longer.

Here is the bottom line: Don't move out as soon as you get behind.  Stay in the house and save the money you would be spending on rent.

After the lender forecloses you will have to worry about them pursuing you for the money they lost. So, you've decided to walk away, but you want to reduce the side effects?

You can avoid a lot of the bad side effects with a short sale. First off, on 80-90% of all short sales, you won't have to pay any money back.

Second, you will be eligible to buy another house in 2-3 years (You have to wait 5-7 years after a foreclosure.) Third, a short sale costs you nothing.

When the home sells, your lender pays us a commission. The lenders know they get more money from a short sale than a foreclosure.

This is why most lenders are willing to pay all the other costs associated with the sale. 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. 
 
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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 Robbin's personal views and do not reflect the views of Coldwell Banker King Thompson.

This information on Strategic Default Or Columbus Short Sale. Which Is Better For You? is provided as a courtesy to our viewers to help them make informed decisions.