Don’t Let Time Run Out on You!Of all the things I have learned during my CDPE training, the most disturbing was that 7 out of 10 people proceed through the foreclosure process without ever talking to a real estate professional. Please don’t let yourself be one of those people. We understand that it is hard to ask for help, but that is exactly what you need. You really do have some choices and the choices you make will be with you long after the foreclosure process has come and gone. I am not going to say that it will be an easy process for you and I wish I could say that it will be enjoyable. What it will be is a well explained process that you understand after our first consultation and will make all the difference in the world to you if you are able to have a controlled process that resembles a sale of your home versus a foreclosure and eviction. To help you evaluate those options, there are several Resources at the end of this page.
The Mortgage Crisis has affected nearly everyone who owns property. A successful short sale will at least give you the opportunity to start over and have many of the damaging effects of a foreclosure avoided. As a Certified Distressed Property Expert (CDPE), I have dedicated my time and effort to understanding the issues distressed homeowners are dealing with. As a CDPE Professional, I understand the range of solutions and am ready to help. As an office, Beach Villa Realty, LLC, has made the commitment to assist people in this situation. We can and do try to help and stop the foreclosure process one family at a time. Would you like to be next?
I can’t imagine that an agent would prefer the additional work required to work with a lender on a negotiated short sale transaction. I’ve yet to come across a distressed owner who is pleased they are needing to seek relief from the bank because they can not keep up with their mortgage payments. I’ve never worked with a buyer who was excited about the prospect of the uncertainty that a short sale purchase involves, often waiting much longer that it seems logical to find out if they were going to be successful in purchasing a home or not. Short sales are not fun and they are not ideal. What they are is attempt to get the best solution to a bad situation.
If you would like to discuss whether or not a short sale may be your best answer to a difficult situation and have a property on Oahu, we would be more than happy to arrange a time with you where we can discuss your options. If you are outside of our market place, our office is in touch with an entire network of individuals who are as dedicated as we are to Stop Foreclosures and we will gladly put you in touch with someone in your marketplace who is also a Certified Distress Property Expert and can offer you the same services we provide to guide you though the process. If you would like to give me a call and find someone in your area to talk with, please feel free to do so at (808) 225-3660 or send me an email to Michael@BeachVillaRealty.com.
Short Sales are not ideal and are currently a necessary evil in our ongoing mortgage crisis where property values continue to be below the values of many originating mortgages. Add to that the cost of sale, fees and the other expenses associated with normal sale of a property and the realtity is that there are hundreds of thousands of people who are in the same situation you might be finding yourself in. Through the assistance of a CDPE and real estate professional, they are getting the assistance they need to solve their own individual crisis, one transaction at a time, in most cases with full and complete releases and no costs to them to fund the transaction ( Fees and expenses are normally structured to be paid thru the dollars available in the transaction) . We consider every short sale we complete to be some of the best work we do. They do take time and right now, time may not be your friend. You do have our commitment that if you contact us, we will offer you some straight talk and let you know what we feel we can and can’t do and if your circumstances meet the current requirements for a successful short sale.
Below, there is a link to a CDPE video comparing foreclosures and short sales as well as some links you might find helpful. Take a look and if you find yourself wondering if there might be better options available for you, please don’t hesitate to give us a call.
Resources for Distressed Property owners
Bank of America: Short Sale Informationhttp://homeloanhelp.bankofamerica.com/en/short-sale.html?cm_mmc=Cre-GeneralServicing-_-Google-PS-_-foreclosure%20vs%20short%20sale-_-Short%20Sale%20-%20Phrase%20-%20Short%20Sale%20vs%20Foreclosure
Foreclosure VS. Short Sale http://www.diffen.com/difference/Foreclosure_vs_Short_Sale
Avoiding Foreclosure U.S Department of Housing and Urban Development http://portal.hud.gov/hudportal/HUD?src=/topics/avoiding_foreclosure
IRS: Home Foreclosure and Debt Cancellation http://www.irs.gov/uac/Home-Foreclosure-and-Debt-Cancellation
Hawaii.gov Hawaii Foreclosure Information Centerhttp://cca.hawaii.gov/hfic/
Short Sale Tips and FAQhttp://www.shortsales101.com/
Certified Distressed Property Expert: What is a Short Sale? http://www.cdpe.com/what-is-a-short-sale
Michael Hege’ RA, CDPE
Kapolei Realty, Inc