Market America Realty and Investments, Inc. Now Offers Short Sale Help and Aid to Upside Down Homeowners
For the past two years home values have plummeted. Couple that with the hyper inflated prices Lee County’ homes saw over the past five years and the result is a large number of stressed out home owners with mortgage balances that exceed the value of their home. Add in job loss or decreased income and many home owners are left wringing their hands with fear, worry, and are frozen into inaction
Market America Can Help
Many of the soon to be defaulting borrowers are not taking action for a number of reasons:
· They are embarrassed
· They are afraid of what may happen if they alert the lender to impending problems
· They are unaware of their options and do not seek help
· They are intimidated by the process
· They feel inadequate to talk intelligently about financial matters to strangers
· They are in denial
· They do not take the time to deal with the issues of follow up to provide documentation supporting their case
· They are unaware they could be a candidate for a loan modification or short sale
· They believe that they will hurt their credit score
· They are solid citizens that were raised to fulfill their obligations no matter what the cost to them of their family
· They have a view that a workout may be a form of welfare and do not like that stigma
There are Solutions
We don’t have a silver bullet or a magic pill, but what we do have is a process that has a high rate of success. It is a process that will identify, number one, if you and your situation qualifies for a loan modification or a short sale. We help you identify your objectives, assemble the necessary paperwork, and then we take over negotiations with your financial institutions. Possible outcomes include:
· Interest Rate reduction
· Extension of Loan Terms
· Delinquent Payment Forgiveness
· Conversion from adjustable rates to a fixed rate
· Principal Reduction
· Forbearance Agreements
· Deed in Lieu of Foreclosure
· Short Sales
What is the next step?
Take a deep breath and know that there is help. Call us at 800-439-1580 extension 52 to arrange a confidential review of your situation. To prepare for that meeting your should assemble the followin documents:
Ø Recent Mortgage Statement
Ø Delinquency notices
Ø Notices of default
Ø Past two year tax returns
Ø Past two paystubs
Ø Past two months bank statements for all bank accounts
Ø Last six months Profit and Loss
Ø Copy of Drivers License
Ø Financial Statement
Additional Documents that will be required
Ø Current valuation on your home – either an appraisal or BPO
Ø Listing agreement on your home
Ø Hardship Letter (A letter describing your particular situation)
