Short Sale
Short Sale Option
Damelecia offers assistance to home owners in completing a short sale when they need to sell their house to avoid foreclosure and they are struggling to sell the property because they owe more that the property is worth or they have more than one mortgage, liens or the property needs a lot of repairs. Damelecia is willing to work with you no matter what your situation is.
A short sale is when the lender is willing to discount a mortgage on a property that is being foreclosure on, because the property may be upside down and the homeowner is running out of options to come current on their mortgage payments. Damelecia will work with the homeowner and lender to close quickly on the property, in an effort to help the homeowner avoid foreclosure or having to file bankruptcy and further destroy their credit score.
We understand that this process can be hard for you and is devoted to do everything in our power to help alleviate the stress and added expense. Therefore we do all the paper work and negotiation for you and there is NEVER a fee or any cost to you.
We believe everyone has the right to know all their options before making any decision, please read below to find out what works best for you.
Options to avoiding foreclosure
Short Sale – Damelecia will work with you and the lender, where your lender agrees to sell your property to Damelecia, while allowing you to avoid the foreclosure process. Whatever information you share with us will be kept confidential.
Repayment Plan – In this situation the lender will allow you to come current on your loan, meaning that all late payments are pay in full, in the effect to avoiding foreclosure on your property.
Reinstatement – Lender will give you the ability to make a satisfactory lump sum payment on your loan, this will allow you to come current on your loan and avoid a foreclosure on your home.
Pre-foreclosure Sale – Lender allows you to sell the property if you meet some criteria, if you are about two months behind on your mortgage payment, property will be sold in the 3 to 5 months and the new mortgage holder meets HUD price requirements.
Forbearance – Short-term delay in paying your mortgage, which the lender will give you the ability to pay your loan update with proof that you have access to cash in a agreeable timeline.
Loan Modification – Adjustment to your current loan term, by lowering your current interest rate making the payments much lower per month on the loan.
Deed-in-Lieu of foreclosure – Bank allows you to turn-in your property back to them, avoiding a foreclosure on your credit file although you will still have bad credit because of all the late payments, having a foreclosure on your credit file can make it difficult to ever buy a home again.Â
If a short sale is right for your situation, Damelecia would like to assist you. Contact us today!
Click the link below for a FREE consultation.
http://www.damelecia.com/sell-your-house-fast/foreclosure
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