Subprime Defaults are Rising, Avoid Foreclosure with Loan Workouts…Dacula, Buford, Suwanee, Alpharetta Ga – Press Release
Many investors have been licking their chops awaiting the increases in default levels. Companies like “We Buy Ugly Houses” and others, prey on families who fall behind in their mortgage payments. With the hype behind subprime lending defaults, it will be more important than ever for borrowers to be on the look out for mortgage vultures.
How to Identify a Real Estate Vulture?
Real estate investors use a variety of tactics to get to your homes equity. The passive approaches are signs like “We pay cash for houses” or “Cash for your home.” Some more aggressive investors will literally call or stop by your home and ask if you are considering selling or if you are having financial troubles.
Alternatives to Default and Foreclosure
Most consumers in these situations don’t know that they have alternatives. The first step is to get ahead of the problem. If you know you just lost your job or you have had an emergency outflow of cash, call your lender right away. Avoiding bills and credit calls forces the lender to act in a way that is not advantageous to either party. When you call your lender, try to speak to a manager right away and explain your situation.
Listen to all the alternative the lender offers. Remember, it might be in your best interest to sell your home with a real estate agent at this point and move to an apartment until you get back on your feet. Getting an additional three month window can facilitate this process and help you save a tremendous amount of home equity. The lender may offer you an additional line of credit or allow you to not pay your mortgage for a few months. Whatever choice you take, do everything in your power to meet the new agreement. If you can meet these obligations, you may even be able to get out of a tight situation without a blemish on your credit.
In this climate of Mortgage assistance, don’t let a mortgage vulture rob you of your hard earned home equity. Proactively working with banks can save your home and your credit score.
Do you want to short sale your property and never pay the bank another penny? I can help you do that.
Call me at (770) 866-2561 for a free consultation. When you call, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can e-mail me at firstname.lastname@example.org.
Discover how other sellers successfully completed a short sale and request a free consultation .
Thinking about a loan modification? Our GA Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender.
Thanks for reading this, Roland Lorans.
Roland is a Real Estate Agent at Better Home and Gardens Real Estate Metro Brokers .
Phone: (770) 866-2561 or 404-843-2500 email@example.com.
Roland Lorans specializes in loan modification assistance and short sales in Alpharetta Georgia . Alpharetta Loan Modification Help, Alpharetta Short Sales. Alpharetta Short Sale Realtor. Short Sale Realtor. Alpharetta GA Short Sales. Alpharetta Realtor.
- Foreclosure Relief: Good for Banks, Lousy for Borrowers (dailyfinance.com)
- Mortgages With No Money Down Make a Return (nytimes.com)
- What the Mortgage Meltdown Might Mean to College Students (distance-education.org)
- The Seven Deadly Credit Sins To Avoid at All Costs (mint.com)
- In Times of Economic Crisis (socyberty.com)