Download - Short Sale Presentation Final
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I’m Linda M Pillard, CDPE, and I’m here to help you.
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Chances are you or someone you know is having trouble making the mortgage
payment each month.
• If this is your situation, you are not alone.• MILLIONS of homeowners are upside-down on
the mortgage
So where do you start?
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Step 1: Take Action• CONGRATULATIONS! • You’ve already succeeded in taking your
first step by watching this seminar• You are proactive about finding a solution
and the answers to many of your questions are right here
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Step 2: Contact an Educated Agent
• BE WARY OF RESCUE SCAMS!• Mediators that promise a quick resolution
in exchange for upfront fees should be reported
• A reputable counselor will not guarantee to stop the foreclosure process
• Look for the CDPE logo
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Step 3: Organize Your Personal Documents & Information
• Expedite the process! • No matter which option you choose, the
process can be expedited by assembling these materials:– Checking account statements– Recent mortgage statements– Savings account statements– Your last two paycheck stubs– Your past two tax returns– A letter of hardship
I can assist you in this process!
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Step 4: Contact Your Lender• Lenders want to avoid foreclosure!• Lenders are not in real estate, do not want
to take ownership of a home and don’t want houses to sit idle on the market
• Contact your lender as soon as possible to discuss the solutions to YOUR circumstances
• Keep your agent informed
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Step 5: Understand ALL Your Options
• As a CDPE-designated agent, I have the most current information on the options available to you
• Here’s a brief summary of a few options
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SHORT SALE
A short sale is a dignified alternative to foreclosure,
allowing a homeowner who owes more on their property than it is
currently worth, to sell their property at a price lower than
what is owed.
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DEED-IN-LIEU
A deed-in-lieu allows the homeowner to return the
property to the lender rather than go through the foreclosure
process
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FOREBEARANCE or REPAYMENT
These options involve the homeowner negotiating with the
mortgage company to allow them to repay back-payments
over a period of time.
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MORTGAGE MODIFICATION
A mortgage modification involves the reduction of one of the
following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these, for a more
affordable mortgage.
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RENTING THE PROPERTY
Renting can also be an option, if a homeowner has a mortgage
payment low enough, they can convert their property to a rental and use the rental income to pay
the mortgage.
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BANKRUPTCY
Bankruptcy is only a ‘foreclosure solution’ in some states and situations, but still remains a challenging financial decision.
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MORTGAGE REFINANCE
A mortgage refinance can be an option if a homeowner has
sufficient equity in their property and their credit is still in good
standing.
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SERVICEMEMBERS CIVIL RELIEF ACT
This act was implemented to help members of the military
experiencing financial distress due to deployment.
Contact me for more information.
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SALE OF PROPERTY
Selling your property can be accomplished if a homeowner
has sufficient equity and a qualified agent who understands the current market. If you don’t
have equity, a short sale may be the best option.
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Step 6: Action!• Obtain a copy of my report, “Your First
Steps to Avoid Foreclosure” and pass it along to anyone who may benefit from this information
• Contact me today and let’s get you back on the path to financial security
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In Closing• I believe every homeowner deserves the
best information and education to avoid losing a home to foreclosure and damaging credit for years to come
• As a CDPE, I have been trained to assist homeowners in difficult situations
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Don’t Hesitate To Contact Me
Linda M Pillard National Real Estate
296 W. Main St., Woodland, CA 95695
Http://www.lindapillardhomes.comHttp://shortsaleconsultantnow.com
530.713.6121