10 Best Ways to Stop Foreclosure from Marshall Carrasco, #1 Short sale expert in Reno, NV
05-Apr-2012 | News-Press Release
There are several options to stop foreclosure, but which is the best for your situation? Start by learning more about different options that are available.
Marshall Realty, located in Reno NV, is here to to help you avoid foreclosure. We provide 10 different solutions to stopping a foreclosure. We can then assess your situation and find out what will be the best option for you.
1. Refinance Option:
With this option, you receive a completely new mortgage with new terms, interest rates and monthly payments. The new loan completely replaces your current mortgage and may lower your payment, which may be helpful to improve your financial hardship.
2. 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.
3. 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.
4. Don’t Run Out Of Time, Know Your Dead Loans:
If you default on your loan and don’t work out a plan of resolution with your lender, the lender will take the necessary steps to schedule a public foreclosure auction of your property. In some cases countdown to the auction is less than 30 days. It is critical that you understand exactly how much time you have before you loose your home.
5. Short Sale Option:
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).
For more information and to download the Presentation on Top 10 Best Ways to Stop Foreclosure , please visit http://www.slideshare.net/MarshallRealtyRenoNV
Why choose Marshall Realty?
Marshall Realty provides Short Sale, Foreclosure and Real Estate Services in Reno, NV.
* By working with Marshall Realty you will benefit from the experience of over 4 years in successful short sales. Longer than any other agent in the Washoe Valley.
* We are familiar with the short sale requirements of each lender.
* Your calls will be answered! You will be kept up to date every step of the way.
* Your property is listed in MLS and available to all interested buyers.
* You will not have a sign advertising it as a "Short Sale" or "Pre-foreclosure".
* You never pay a fee. Lenders pay the commission from the proceeds of the sale.
Marshall Carrasco is a short sale expert and owner of Marshall Realty. A top producer in the Washoe area, Marshall has been successfully helping his clients to purchase and sell homes for over 14 years. Find relevant articles about short sales, foreclosure, and loan modifications at RenoHelp.org . RenoHelp.org is your one stop resource guide to find relevant articles about short sales, foreclosure, and loan modifications.
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