FHA/HUD Pre-foreclosure

If you or someone you know is experiencing a financial hardship, a Short Sale may be the answer for you. As a Certified Distressed Property Expert (CDPE) I have the tools and expertise necessary to navigate through this very challenging process. My services are free (paid by the lender) to Distressed Property Owners that want to sell their home as a Sort Sale/Pre-foreclosure, so Email or call today!

Qualifications for an FHA/Hud Pre-foreclosure are very similar to the requirements of a conventional Short Sale, but there are some differences.

Eligibility requirements include,

• Property must me owner occupied (you must still live in the home unless you provide a verifiable reason why you have already vacated (ie job loss, job transfer, divorce).

• The property must be your primary residence (no investment properties)

• The homeowner must be 31 days or more delinquent on their mortgage at the time of closing.

Per the HUD website http://www.hud.gov HUD will pay the property owner $1,000 if you close the short sale within 3 months of application. After 3 months the amount is reduced to $750. Additionally HUD will pay up to $1,500 to apply to secondary or junior liens that may be on the property (this is awarded only after the initial incentive of the $1,000 has been applied.)

The Short sale and Pre-foreclosure process is challenging. As a Certified Distressed Property Expert (CDPE) I have a true understanding of the complex issues homeowners are facing in our current real estate market. I have spent countless hours doing research, and invested considerable time and expense, training with leaders of the industry regarding foreclosure avoidance options available for distressed homeowners. Through comprehensive training and experience, I am able to provide solutions for homeowners facing a hardship in today’s market, specifically pre-foreclosure and short sales.

I understand the prospect of foreclosure can be financially and emotionally devastating; often homeowners proceed without guidance of any kind, the results of which can be devastating, not just now, but for the rest of their life. Please don’t make that mistake.

You may not be aware that there are no Commission costs paid by the seller in a distressed property sale (commissions are paid by the lender), so there is no reason why anyone should try to go it alone, at one of the most difficult times in their life.

If you have fallen behind on your mortgage, (or know you will), even if you have received a notice of foreclosure, it’s not too late to do something about it. Don’t give up! There are options available, I have the tools and knowledge to implement them, and my services are absolutely free to you as a distressed home seller.

Call me today, I’ll explain the process to you and let you decide if you want to move forward. Take a positive step toward your financial future now, and together we’ll get you started on the road to a quicker recovery then you ever thought possible.