Looking for West Sacramento short sale information? You have come to the right place. Mike Rigley Certified Default Advocate, Distressed Property Expert and your short sale specialist here thank you for joining us.
Is a West Sacramento Short Sale the only alternative
you have to avoid foreclosure in West Sacramento? The answer is a resounding NO. A
Short Sale in West Sacramento is but one of the
nine alternatives. Last time we talked about options 1-4. Today let’s explore
the options 5-9.
Partial Claim – This would involve
getting a second mortgage to cover the missed payments and back interest.
Really – if your West Sacramento home is already upside down and you are
struggling to make payments, what sense would that make?
Deed in Lieu of Foreclosure. It has
such a nice sound to it doesn’t it. Just turn the keys back to the bank and all
is forgiven right? WRONG. This is still a foreclosure. It still shows up on
your credit as a foreclosure and is really only a good deal for the bank not
you
Bankruptcy – An answer but not an
end all to be all. In most circumstances the property will have to be disposed
of one way or another be it short sale or foreclosure. The bankruptcy will
allow you to stay in the property a little longer but in 3-6 months you will be
right back in the same boat you are in right now property wise
You can do nothing – Odd as it
sounds this is a solution. You won’t avoid foreclosure but if you are willing
to risk the credit hit and potential liability for the unpaid balance on the
second, nothing says you have to do anything but wait for the property to sell
on the court house steps.
Sell the property – If you have
equity you can sell the property and close the loan. If you owe more than your West
Sacramento home is worth you can short sale. There are pros and cons of a short
sale as well so it is always best to get a free consultation.
Is a West Sacramento Short Sale Right for Me?
To get a better idea of when your West Sacramento home will be worth what you owe,
log in to www.shortsaleandloanmod.info for a free estimate
or call me today for a free no obligation consultation or for the latest West Sacramento short sale information. Call me
today and sleep better tonight; you’ll be glad you did.
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