What is a short pay option? Foreclosure Prevention options are many and verbiage is lender specific. Short payment option is different that a short sale, but similar to a principal balance reduction.
The turn around time for short pay for foreclosure prevention can be faster than a short-sale. The foreclosure prevention is a home retention option to stop foreclosure benefits are principal balance of the loan being reduced and approval turn times in as little as 30 - 60 days.
Con's of a short pay are that the lender may require the homeowner to remove the loan from there books or simply put you must obtain an outside loan for the approved amount.
Additional benefits of foreclosure prevention specialist are they prepare estimates of repairs and/or routine maintenance, and other important market suggestions and tips that should be factored in which can impact the offer. The offers are not fabricated, however fair analysis that are based on multiple factors for the market and neighborhood.
Obtaining a foreclosure prevention specialist could actually save the homeowner costly miscalculation that could result in difficulty or inability to fund the loan with an outside source.
Call us today at 888-879-3207 for more information, free consult, and free home value analysis or visit our site at http://helpingfamiliesllc.com and click on the information tab.
Obtaining a foreclosure prevention specialist could actually save the homeowner costly miscalculation that could result in difficulty or inability to fund the loan with an outside source.
Call us today at 888-879-3207 for more information, free consult, and free home value analysis or visit our site at http://helpingfamiliesllc.com and click on the information tab.
No comments:
Post a Comment