Are you About to Lose Your Home in Cheyenne to Foreclosure??????? In Cheyenne we are still seeing homes going into foreclosure. There are options for homeowners that are facing this dilemma. A short sale may be an option. A short sale is where the lender is willing to take less than is owing on a home when the home sells.
Today, 1 out of every 10 homeowners in America is behind on their mortgage payments. These are tough and frustrating times. Now more than ever, it's important to identify your options. Foreclosure in Cheyenne can be avoided, your credit can be saved, and your financial future can be salvaged.
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.
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.
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."
A short sale requires a Certified Distressed Property Expert who understands the complexity of this process and the extensive documentation required. Connie is one of the few agents with this designation and the ability to assist homeowners with this problem.
Through my experience handling distressed Cheyenne properties, I've found that homeowners today have more questions than answers about their circumstances. I have created this site ( www.CheyenneShortSales.com )to help you understand the possible solutions to foreclosure, as well as provide a detailed explanation of an option known as a "short sale", which may be the best course of action for some homeowners.
You may also have noticed that I'm offering you a FREE Report to explain your options and help you decide on a course of action. The idea of losing a home can be overwhelming, and I feel it is vital for you to have all the facts necessary to make an informed decision. For more information and these free reports visit www.CheyenneShortSales.com
One out of ten, that is a high number. Are we at crisis level yet. Actually it has gotten better here, most of the overpriced home are being pulled off the market.