Facing foreclosure?

You aren't alone.

What solutions do you have?

Regular sale

Your home may be worth more than what you currently owe

Short-sale

Your home is worth less than what you owe

Loan modification

Sometimes banks work with you to keep your home, be weary as they sometimes take along time and odds of approval are slim

Do nothing

You'd be surprised, sometimes people do nothing and let the bank reposess the home

Im facing foreclosure, can i sell my home via regular sale?

In most cases, yes you can sell your home through a regular home sale process If the home exceeds the value of whatever is owed*
How long does the short-sale process take?

It totally depends on whoever the lien holder is, sometimes it can be just as quick a regular home sale, sometimes it can take much longer*
Will going through a short-sale hurt my credit?

Yes, in most cases it will. But it is not as severe as letting the home go through a foreclosure process and get it reposessed*
How much time after a short-sale can i buy another home?

In many cases you can purchase right away, but if you want to buy with an FHA loan, its usually a 2 year waiting period. It all depends on various factors*
Would the bank really work on a loan modification with me?

In some cases, yes they will. It totally depends on the bank and various other factors.* On the other hand ive helped clients apply for a loan modification but it would be denied after waiting a while. Meanwhile our foreclosure date was approaching!
Why go through the hassle of a short-sale?

The answer is simple, if you don't want your credit to take a huge hit, and your ability to buy a home with a loan to be delayed by many years, and your credit worthiness to diminish. Then yes, go through the hassle of a short-sale.

Get the assistance you require.

Marilu Bailon

Since establishing my business in 2002, prioritizing my clients has been my unwavering commitment. Irrespective of their circumstances, I ensure that every client receives exceptional respect and service. My purpose is to serve and guide clients through any Real Estate situations they encounter in life. I'm readily available, just a call or text away.

Call me