You may be one of the many distressed homeowners today just sitting in limbo. You know that you owe much more on your mortgage than your home is worth. You may also know that there is not much hope for increases in values in the next few years. In fact, many experts are predicting it will take 2 decades to get back to the values of real estate in the boom years.
With that in mind, what are you waiting for? Are you waiting because you don’t want to move? Do you not want to face the paperwork that will be required? Do you think that there won’t be a place to rent available when you sell? Is having to pack more than you can handle? Are you just overwhelmed of the thoughts of dealing with the current dilemma? You are not alone. Many others feel the same way.
If you can get through the fog mentally, visualize what it will be like when you have completed the process. I can help you do just that, as I have helped many people short sell their homes in Ocala, and I have seen the relief on their faces when they have unloaded the debt that was hanging over them. They are happy, they feel lighter, they are free at last, and can move on with their lives. They have all moved somewhere, mostly temporary, and some have moved into their permanent new homes. Yes, they have bought again. Some have nicer homes than they had before, at half the mortgage payments or less. (None of my past clients are living in their cars.)
If they were behind in their payments, they have started improving their credit rating. (Short sales alone don’t necessarily affect your credit adversely. There are usually other contributing factors.) Many people never consider a short sale as an option to getting rid of their over-mortgaged homes, and instead just let the home go into foreclosure. This is the worst option you could choose. A deed in lieu is the second worst option. Although everyone’s situation is unique, a short sale is the best option you can choose most of the time and the sooner the better for moving on with your life.
Most lenders are willing to help you and forgive most if not all of your excess mortgage debt. If you can be proactive about your situation, you may be able to make the most of the situation you are currently in. And in a short period of time, you may be able to take advantage of one of the best buying opportunities in history, a time when mortgage rates and home prices are both at historic lows. This could change your financial future incredibly and help you make up the losses you recently incurred. Give me a call for a free consultation today.
Nancy Deichman
352-351-5429 Office
352-427-5704 Cell
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