Worried About Foreclosure?
Behind in Payments? Facing Foreclosure? No Equity?
We Can Help You!
With the recent rise in interest rates, many homeowners have payments they can no longer afford. Or, their house may have declined in value, yet the homeowner needs to sell and has insufficient equity to pay off their loan and all the closing costs. These situations are very common! If YOU are in one of these situations we may be able to help.
At Laturno Kuick Realty we have experience working with banks and lenders negotiating to discount your debt. First we list your property, pricing it such that you WILL get offers. We then take the offers to the lender and negotiate directly on your behalf. In many cases, the bank will agree to take LESS than the outstanding balance of the loan. This is called a "Short Sale". A second outcome is called a "Release of Lein". In this case the bank may agree to reduce the amount that you owe and may require you to sign a promissary note. You avoid a foreclosure, even in this case. There are substantial advantages negotiating a short sale or release of lein versus going through a foreclosure.
The result is:
- You are able to SELL your home, not be foreclosed upon
- Keeps foreclosure off your credit report
- The bank pays the closing costs
- You stay in the home while we negotiate with the bank
- No eviction occurs
- You can focus on the future and go on with your life!
You must act QUICKLY! California is a quick foreclosure state. After the notice of default is filed, the entire process takes four months.
Failure to act now could result in:
- The trustee will sell your house at auction
- You and your family could be evicted
- Your credit report will reflect a foreclosure which could impact your ability to get credit for many years
Please contact us as soon as possible to discuss the details of your situation. Our business is based on integrity. And although we can't guarantee the outcome, we are able to successfully solve many real estate problems creatively for many homeowners! In fact, the banks are much more willing to cooperate as of Fall 2006 than previously.
So call 619-741-9651and let's get started!
