Falling behind on your mortgage can be a very stressful situation. If you can’t keep up with your mortgage these days you are not alone. The Tampa real estate market is flooded with properties being sold in a short sale, pre-foreclosure and bank owned or REO(Real Estate Owned by a bank).
Please call and ask me about selling your home in a short sale if any or all of the following are occuring to you. If I can help you personally I will refer you to someone for immediate assistance.
- You are falling behind in your mortgage payments
- You are receiving collection phone calls and late notices from you mortgage company or companies
- A Lis pendens or lawsuit if filed against you and foreclosure seems to be imminent.
If you have a hardship that is preventing you from being able to keep up with your mortgage payments the bank may be willing to work with you. Mortgage companies are becoming more agreeable then ever to settle for less money after they have looked at all the facts.
Mortgage companies will tell you to get your house listed with a professional Realtor experienced with Short Sales. Once you’ve done this your lender is likely to give you some time to sell your property. This is not to say your mortgage company will stop foreclosure preceedings. However, listing your home with an experienced short sale agent may buy you the time you need to get a contract and avoid foreclosure.
It is important to know that your agent has experience with short sales and not just attended some seminar or webinar is because there are many pitfalls and many things that can delay the sale and even lose a buyer for you. Also, time is often of the essence as foreclosure looms. Lenders want to quick sale once they've agreed to a short sale.
If you have questions or would like further information about short sales and avoiding foreclosure please contact John Montesano @ 813–441–0400 or by email at John@HomewardRE.com