OPTIONS TO SELL IN TODAYS MARKET
1. Short sell your home with a REALTOR at market value for less then what you owe. Postponing notice of defaults, foreclosure & trustee sale dates.
2. Re-negotiate the terms of your loan with your existing lender. (If possible)
If your home appreciates 5% annually for the next 10yrs. Will it be worth what you owe?
If your home appreciates 5% annually for the next 10yrs. Will it be worth what you owe?
3. Refinance through a new lender. (If possible)
4. Stay in your home until the property forecloses.
Possibly causing a deficiency judgment(s).
Possibly causing a deficiency judgment(s).
5. File bankruptcy.
Consult an attorney for more information regarding bankruptcy.
6. Deed in lieu of foreclosure.
Consult an attorney for more information regarding bankruptcy.
6. Deed in lieu of foreclosure.
7. Sell your home wholesale.
If you have equity.