Why Bother?

 If you are facing foreclosure the worst thing you can do is nothing… DON’T GIVE UP!!! … Why? 
 
  • A foreclosure will have to be disclosed on all mortgage credit applications submitted in the future and this can have a negative affect on mortgage rates. This is the only credit item that is asked specifically and does not depend on what is actually on an individual’s credit report. There is no 7 year time limit on this item.
  • A foreclosure is the one credit report item that is almost impossible to “repair” or “clean up”.
  • A foreclosure is the most decastating credit issue you can have in relation to future credit approval and credit scores will be lowered by 300+ points with a foreclosure.
  • The lender can seek a dediciency judgment and collect for any amount not recovered when property is re-sold.
  • Most employers run credit checks on potential employess. Employers indicate that foreclosure is one of the top items that will put hiring in jeopardy.
  • Security clearances and government positions such as military, law enforcement  and others can be jeopardized by a foreclosure.
  • I will market your property, get a resonable offer, submit all information required and do all the negotiating with your lender to get them to agree to a short sale. All you have to do is cooperate by getting information required by your lender to me in a timely manner.