Sunday, August 11, 2013

West Sacramento Short Sale Information – Bank of America Short Sale or Foreclosure?

Mike Rigley Certified Default Advocate, Distressed Property Expert and your short sale specialist here thank you for joining us.


Bank of America Short Sale or Foreclosure – which is better? Rarely is a foreclosure better than a Bank of America Short Sale. That’s the short version.

When considering a Bank of America Short Sale vs. foreclosure there are several circumstances that have to be considered.

First and foremost is what state the property is located in. Every state has different laws revolving around deficiency and if the bank can pursue you for the unpaid balance after aforeclosure or not.

Secondly what is the type of loan you have. Is it a true purchase money first mortgage only or do you have a HELOC second or any other type of second for that matter.

Third is what profession you are in. Will a foreclosure jeopardize a security clearance or other job requirement?

There are times that other than the hit to your credit that a foreclosure is not that big of difference than a Bank of America Short Sale but generally I would advise against it. To be safe, make sure you get a no obligation consultation from a Bank of America Short Sale Specialist like myself before doing anything

Is a West Sacramento Short Sale Right for Me? Give me a call and let’s find out. We also offer a short sale lease back program for those who qualify allowing you to short sale and stay in your home. Call me for details

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.


No comments:

Post a Comment