|
DESTIN, FLORIDA FORECLOSURE ASSISTANCE
Destin Foreclosure Help: There are many options available other than foreclosure. I am a "certified distressed property expert" and have the experience necessary to help you avoid foreclosure. call me at 850-585-1284 or email me at clayton@mainsailrealtycompany.com for foreclosure help.
Click the link below for a report showing the benefits of a short sale vs. a foreclosure.
FORECLOSURE VS SHORT SALE
9 WAYS TO AVOID FORECLOSURE
- REINSTATEMENT - BRING THE LOAN CURRENT
- FOREBEARANCE - TEMPORARY REPAYMENT PLAN
- REFINANCE - NEW LOAN WITH REDUCTION IN MONTHLY PAYMENTS
- LOAN MODIFICATION -MODIFY ORIGINAL LOAN TERMS
- SELL THE PROPERTY - USE EQUITY TO PAYOFF OR PAY DIFFERENCE
- RENT THE PROPERTY - MUST MAKE THE LOAN CURRENT
- SHORT SALE - NEGOTIATE WITH THE BANK TO ACCEPT A SALE UNDER THE LOAN AMOUNT
- DEED IN LIEU OF FORECLOSURE - "FRIENDLY FORECLOSURE"
- BANKRUPTCY - WILL STALL FORECLOSURE BUT NOT PREVENT IT
If you are concerned about the tax consequences of foreclosures and short sales, you may be protected under the Mortgage Debt Forgiveness Act of 2007. Click here or more information in this new legislation.
*Mainsail Realty company cannot provide legal or tax advice. Please check with your accountant or attorney to verify the legal and tax consequences of foreclosures and short sales.
|
