| The Short Sale Page..... An Answer Worthy The Consideration
upside down with homeowners owing more on their homes than what those homes are worth. Add an economical distress, loss of employment, divorce, or illness and the distressed homeowners are confronted with the agonizing prospect of a home foreclosure. The Anders Team Certified Distressed Property Experts (CDPE) Phone: 614-527-0811 Email: theandersteam@aol.com Website: www.allcolumbushomes.com How to Avoid Foreclosure Scams |
| Do A Short Sale The foreclosure process costs lenders a considerable amount of time and money. For this reason, lenders do not want to foreclose and they wouldn't’t if they had a better option. We give them that option. When lenders receive our proposals, immediately, they realize that they’re dealing with an experienced, competent entity. Due to the increased amount of foreclosures across the nation, lenders are continually inundated with short sale proposals. The majority of those proposals are quite unreasonable and ill- prepared. In fact, they often lack the vital information lenders require. As a result, most of those proposals are ignored and/or discarded. With The Anders Team, we’ ve become Certified Distressed Property Experts; trained with very specific systems for negotiating short sale arrangements. With these systems, we are able to motivate lenders toward a successful short sale arrangement. Call on us now, we are waiting to explain the workings of this type of foreclosure relief! |
Real Estate Essentials for Columbus Area Homes For Sale
| Sell Your Home Now! Pros: Stave off the Foreclosure and keep your credit. Downside: Not selling your home for enough to cover your mortgage. Having enough time to find a credit worthy buyer, if you have already missed a payment or about too. |
| Rent Your Home Out Pros: Rent the home to someone for the monthly cost of you mortgage thus, stave the foreclosure. Downside: You must find a credit worthy, trusted renter. You must be confident that you can control the maintenance and upkeep of the property. Bare the wear and tear to the property. Ensure that you can conform to the local, state and federal fair housing rules. You are able to weather loss income due to the home being un-rented between tenants. Do you have enough time to find living quarters for yourself if you have already missed a payment, or about to? (remember, in OH the usual foreclosure time frame is 150 days from the first missed payment) |
| Stay in Your Home Pros: If the home meets your family needs and you are able to afford the monthly mortgage payments, you can stay in your home until this national financial emergency improves. Then, you may decide to sell your home when the value has increased! Downside: None, at this point! Your mortgage is met each month and your home meets or exceeds your families needs. Furthermore, your neighborhood remains stable in pricing then, we will all have better success when the national financial situation clears! |
| The Anders Team 614-527-0811 |
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| RE/MAX ACHIEVERS 3590 Fishinger Blvd. Hilliard, Ohio 43026 |
The Anders Team 614-527-0811
E-mail: theandersteam@aol.com
E-mail: theandersteam@aol.com
| You do Have Options to Forclosure |
- How Foreclosure Rescue Scams Work
If you fall behind on your mortgage payments, it is very common to receive telephone calls, home visits, and
direct mail from a foreclosure "rescue" service. Scam artists often target defendants named in public records.
The scam artists usually assert that they are “foreclosure specialists” or “mortgage specialists,” claiming they
will save your home from foreclosure in exchange for a sum of money.
Unfortunately, many people pay the scam artist, but find out months later that the company has done
nothing to stop the foreclosure, and the house is set to be sold at a sheriff’s sale. Don’t let this happen to you!
Watch out for handwritten notes that refer to the details of your situation, services telling you not to contact
your mortgage servicer, services promising to save your house, and large deposits required upfront.
Tips to Avoid Foreclosure Rescue Scams
• Contact your mortgage servicer as soon as you have trouble making payments. You may be able to
negotiate a payment schedule.
• Contact a HUD-approved housing counselor for assistance if you are receiving letters threatening
foreclosure and are not yet in a
lawsuit.
• Contact Ohio State Legal Services or the Ohio State Bar Association to find an attorney to represent
you if you have a pending
lawsuit against you.
• Get detailed information about the deadlines you face in resolving your problems. Pay special attention
to the date on which you
would lose legal right to ownership of your home.
• Be wary of any claim to stop foreclosure for a fee. Do not make a down payment upfront, and always
ask for written information
before you make a financial decision.
• Never make your mortgage payments to anyone other than your mortgage servicer. If you can't pay,
contact your servicer
immediately to work out payment arrangements.
• Take your time and never sign a contract under pressure. Consult a lawyer or trusted family member
before you sign.
• Get all promises in writing. Many scam artists make lofty verbal promises but never put them in
writing. Always make sure oral
agreements are included in a written contract; otherwise they are not guaranteed.
• Check companies’ reputations before doing business, by researching their reputations with the Better
Business Bureau and the Ohio
Attorney General’s Office to see if other consumers have filed complaints against them.
• Never sign away ownership of your home without consulting a lawyer. Be especially suspicious of
offers to lease back your home,
in order to buy it back over time, and beware of any home-sale contract in which you are not formally
released from liability for your
mortgage. Make sure you know the rights you are giving up and that you agree to give them up.
• Don't sign anything with blank lines or spaces, as information could be added later without your
knowledge and consent.
• If you do not speak English, never use a "rescuer's" translator. Instead, insist on using your own
translator.
