Short Sale, Loan Mod, or Walk?
What is best for you?
Statistics tell us that over 50% of the people who receive a NOTICE OF DEFAULT simply walk away, and never make any attempt mitigate their loses. There is much to be learned about what is best for you. There is, also, much to be learned about the hazards of not making the right choices. There are IRS, and Franchise Tax Board consequences that sometimes can be avoided. It pays to know how that can be done, and to understand the size of the consequences.
I can tell you what it takes to go through the short sale process, and if you may qualify. I can tell you if you may, or may not qualify for a loan modification. I can tell you if it's too late into the forclosure process for you to still get help.
I have successfully negotiated several short sales. When one client of mine showed up at the close of escrow, he said "I feel like I just hit the lottery!" He meant it. We saved him tens of thousands of dollars.
Don't just stand there and let this happen to you. Just because you walk away, doesn't mean that you have rid yourself of this pain.
Please call me for a no obligation sit down appointment. I promise you there is much to be learned.
Ken Stabe
Broker, Prime Estates
916-223-9900
