This deal was brought to us by the homeowner who needed our help. She was upside down on it with the bank and unsure of her options. They were harassing her regularly about making her payments and when she contacted us, we were able to postpone the foreclosure sale.
Once we made contact with the bank and let them know we planned on listing the home for sale they began working with us to establish an acceptable price. We ended up selling this home for $100,000 and got the bank to approve the short sale and forgive the remaining debt owed by the homeowner.
There are many scenarios that lead someone to a distressed position as a homeowner. Several of these circumstances will qualify for a short sale, deed in lieu of foreclosure, or a restructured payment plan. We can help you explore these options and get out from under your mortgage.
