Worried about foreclosure? We can help!

You are the owner of your home, the mortgage company only has a lien on it!

We work with homeowners and lenders to sell homes prior to the foreclosure process. In the current market, most lenders are willing to negotiate a reasonable sum as payment in full for the lien on your property. Mortgage companies would rather have the home sold than go through the foreclosure process. We negotiate to delay foreclosure and work to procure what is called a ‘short sale’.

There are many benefits to this process.
1. You can stay in the home until it is sold, paying nothing.
2. The mortgage company will pay the realtor commission.
3. By stopping the foreclosure sale, you avoid the default on your credit record.
4. By negotiating a settlement, you avoid the lender suing for a deficiency judgment
5. By avoiding foreclosure and selling your home, you may realize a profit rather than a loss.

We know that you would rather keep your home and meet your financial obligations. When that is not possible, the smartest move is to take control of the situation and do what is best for you and your family.

At Annmarie Jonah REALTORS, several of our brokers have seen hard times like these before and are experienced in working with lenders and sellers. We want to help. Call or come in for a confidential consultation on what we can do and how the process works. The decision is yours as to what action you want to take but we can give you the benefit of our experience and advice as you move forward.