Facing Problems Paying Your Mortgage in Cheyenne Wyoming? Maybe a Short Sale is the Answer
In Cheyenne Wyoming we are lucky to have reasonably stable employment. Cheyenneis the home to FE Warren Air Force Base, the State Capital and lots of Government entities. We have Frontier Refining and many more large and small businesses. Still, we are seeing families lose their homes in Foreclosure. For these unfortunate people, a short sale may be the answer to their financial burden of a home mortgage that they can no longer afford.
Has your financial situation changed due to a mortgage payment increase, loss of job, divorce, medical expenses, increase in taxes or other reasons?
- Have you recently lost your job?
- Are you borrowing from one credit card to pay another?
- Is your credit card debt becoming unmanageable?
- Are you using your credit cards to buy groceries?
- Is it becoming difficult to pay all your monthly bills on time?
What is a Short Sale?
A short sale is a negotiation in which the homeowner qualifies and the mortgage company or companies accept less than the full balance of the loan at closing. A relatively new solution to a financial crisis, the short sale has been used successfully in Laramie County as one of the last options before foreclosure. The short sale is one of the most important aspects in today's market and has been referred to as the "brain surgery of real estate."
Benefits of a Short Sale:
No additional funds required at closing. Avoid foreclosure and many times a judgment. Preserve their credit. Commissions and fees paid by lender.
When negotiating a Short Sale, one needs all the help they can get. This is why it is so important to find a professional to assist you. Connie Webb is a Certified Distressed Property Expert and she has the tools and knowledge to assist you in this process. A short sale requires a Certified Distressed Property Expert who understands the complexity of this process and the extensive documentation required.
The success of a short sale depends on the knowledge and ability to work closely with lenders, banks and accountants. While short sales were virtually unheard of only a few years ago, now the majority of banks and lenders are negotiating and closing these transactions. They allow a homeowner with a legitimate hardship to sell their property for less than the balance of their mortgages and avoid foreclosure. Banks want the right type of transaction with exactly the right paperwork.
For a private consultation to see if you qualify for a short sale, call Connie Webb on her private and confidential line.....307-630-7637.
Visit www.Move2Cheyenne.com or www.FEWarreinInfo.com or www.CheyenneWyomingRealEstateBlog.com for information on all types of properties in Cheyenne Wyoming and Laramie County...or Pine Bluffs, Hillsdale, Carpenter,or Burns...
Call Connie Webb at 307-630-7637 or 800-221-5064 or 307-635-0336.
