Eisrael Gomez Realtor - Monterey County Blog

If you or someone you know are behind on your mortgage and facing foreclosure, you may feel desperate. The threat of losing your home is one of the most traumatic things that you may face in life. There are options!!

In an effort to avoid accumulating real estate and bad loans on their books, banks have become more and more eager to negotiate down on their payoff, taking what is now better known as a Short Sale (Selling the home for "short" of the balance due to the bank(s).

Short Sales provide an excellent, win-win solution for the distressed homeowner and their bank.

• The homeowner avoids a foreclosure on their record and the bank avoids the effort and expense of the foreclosure process.

The tragedy is that so few real estate professionals are educated about the Short Sale process, and homeowners remain unaware that such an option is available to them.

· IS A SHORT SALE RIGHT FOR YOU?

· NEW DECEMBER 2007 LAW HR3648 MAY BE OF HELP TO YOU! CALL ME ANY TIME…

831-809-8266

Ended MARCH 2008

COURTESY OF FORECLOSURE RADAR