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Are You Facing Foreclosure? We Can Help!

Facing a short sale or possible foreclosure of a home is a tragic and stressful circumstance for a property seller.  Sellers who find themselves in this situation may have other options and should discuss their situation with an attorney and a tax advisor.

Here are some of the questions that a seller should ask of these professionals:

  • Which of the following options will result in a better outcome for me?  A repayment plan, a forbearance plan, a loan modification, a short sale, a deed-in-lieu-of foreclosure, a bankruptcy?
  • Which of these options has a more adverse effect on my credit rating?
  • How do I know if my property and I qualify for a short sale?
  • How long will a short sale take?
  • What are the tax implications of a short sale?

A seller who is contemplating a short sale should understand some of the basics of short sales.

  • There may be negative credit and tax consequences.
  • The lienholders are not obligated to approve a short sale or release the seller from further liability upon approval of a short sale.
  • The seller may be required to demonstrate financial hardship and evidence of financial assets.
  • The seller will be required to obtain approval of any contract of sale from the lienholders.

Foreclosure & Short Sale Information for Sellers

Are you facing a short sale or foreclosure?  I can offer you a professional evaluation of your particular situation and services to help you navigate the short sale process through the Allen Tate Short Sale Assistance Program.

This short sale assistance program provides you with the following services:

  • Identifies the options available for your individual situation.
  • Determines if your property is a candidate for a short sale.
  • Contacts your lender and cultivates a relationship with the key contact for mediation.
  • May be able to stop the foreclosure process and guides you through a short sale of your property.
  • Negotiates with the lender once a purchase contract has been written.
  • Negotiates with your lender regarding other property-related debt.

Contact me today at 704-814-6242 or via the email form below to learn more about how this program can help you.

To:  Carol Fox

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Carol Fox Real Estate Broker
101 E Matthews St #100
Matthews, NC 28105

Cell:  704-905-3935

Office: 704.814.6242
Fax: 800.818.7115

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