Behind on payments?

If you are having trouble making your mortgage payments or have fallen behind, foreclosure isn’t your only option.

A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers.

Linda Rea is a CDPE, or certified distressed property expert. Through countless hours of negotiating with banks, the Linda Rea Team has been able to save many families from the burden of their underwater mortgages. Call the Linda Rea Team today for a free consultation on how you can walk away from your mortgage

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Information is deemed reliable but is not guaranteed.