Property owners facing foreclosure have options. It's critical to know your options:

Modification Option:
This is an option that may allow you to reach an agreement with your mortgage lender to change some or all original terms and conditions of your mortgage, such as reducing your monthly payment to a more affordable amount, length of loan term, interest rate and in some cases your lender may reduce your principal balance.

Forbearance Option:
This option temporarily suspends or reduces you monthly mortgage payments for a determined period of time. This is an agreement made between you and your lender. “Forbearance” allows you to deal with your short-term financial difficulties, it provides you with some time to get back on your feet and bring your payments up to date.

Short Sale Option:
This transaction is carried out by a REAL ESTATE AGENT. Your mortgage lender agrees to discount a loan balance because of economic or financial difficulties on the part of the homeowner. The homeowner sells the mortgage property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender. Doing a SHORT SALE is simply the most economical solution for a homeowner who cannot afford the mortgage payment anymore. It is much more beneficial to do a SHORT SALE versus just letting a property go into FORECLOSURE (which is likely to have very serious and negative consequences).

The free eBook titled “The Home Owner’s Guide to Real Estate Short Sales” explains the short sale process. Below is the link to download the free ebook http://www.team1realty.com/avoid-foreclosure/#

About Us:
Team1realty.com  is your Home and Land Specialist. Ty Leon-Guerrero is the Broker/Owner of Team1Realty. We are Certified Distressed Property Experts that will help you negotiate with your Lender.  Our role as real estate agents is to guide you through the buying or selling process, taking the time to make sure you understand every step of the transaction. We are absolutely committed to fulfilling your needs with the highest level of professionalism, expertise, and service.

Contact Us:
Ty Leon Guerrero
Real Estate Expert at Team1Realty
Fairfield, CA 94533
Phone: 800.533.7107
Website URL: http://www.team1realty.com/