Do you live in Woodstock and frustrated with your loan modification? Being in the short sale business, I come across homeowners all the time who have tried to work with their lenders to reduce their mortgage payments. Unfortunately, the statistics show that only 1 out of 3 homeowners actually get a loan modification that helps them.
Can you believe I’ve actually heard cases where the homeowner’s payments increased as of a result of a loan mod! If you live in Woodstock and find yourself in a situation where the lenders don’t seem to be helping, then please contact me for more options. One common alternative at this point is to look at a short sale.
Selling your Woodstock home by short sale is simply selling your home for less than the mortgage balance and having the bank approve the payoff. A short sale is a far superior alternative to losing your home to foreclosure. The key benefits of a short sale are 1) You can say you “sold” your home instead of having it foreclosed upon and 2) Your credit will not be affected as much as a foreclosure would.
Did you know that according to some lenders' guidelines a foreclosure on the record bars that person from qualifying for a loan for up to 7 years? With a short sale most people will qualify to purchase another home in as little as 24 months. So if you have a Woodstock home that has failed going through a loan mod or tired of the lenders runaround, a short sale may be a good foreclosure alternative.
If you want to talk about whether you would qualify for a short sale don't hesitate to give me a call. I can be reached directly at 770-688-5448. Eric Wanck is a short sale investor/real estate agent located in Atlanta, GA. He works with Nextage Peachtree Realty and specializes in helping homeowners and buyers through the short sale process.
You can reach him at 770-688-5448 or contact him at http://activerain.com/atlshortsalepro/contact. Interested in knowing more about Nextage Realty International? Check out www.brokerageofthefuture.com.