Short Sales HUD Foreclosures

Action Realty is a family owned full service Real Estate Company with over 55 years combined specializing in Short Sales and HUD Foreclosures.

Southern Oregon’s Short Sale Professionals

Having trouble making your mortgage payments? Not sure how to pay your property taxes? I s the threat of foreclosure keeping you up at night? Many homeowners have found themselves falling behind in their mortgage payments. There are several options that a homeowner has available.

1. RENEGOTIATE occasionally a homeowner can renegotiate the terms of his loan, adding the past amount to the “back end” of the loan and pay it off, keep in mind this is only done on a case by case basis.
   
2. REFINANCE into a better loan. Realistically chances are not good, as now the homeowner has missed payments and has worse credit than when they started, and there may not be equity in the home.
   
3. Bankruptcy at best is a very serious endeavor and should be avoided or a last step measure, as it leaves the homeowner with no credit for several years.
   
4. FORCLOSURE you simply walk away from your mortgage obligations. Expect that your credit score too drop about 300-400 points. A foreclosure can affect your credit for up to 10 years. Keep in mind, repairing bad credit is much easier to repair with options that are the least detrimental to one’s credit score. One last thought- the charges on interest alone with credit cards, auto loans and mortgage loans should make one seriously consider this as an option.
   
5. SHORT SALE occurs when the lender allows the homeowner to sale their home for less than the amount that is currently owed. Many experts consider this to be a home owner best option for several reasons 1) Credit scores should only drop 75-100 points; much less than a foreclosure and while the chances of getting a mortgage during the next 12 months is quite low; if you paid all your other bills on time your credit score would improve rather quickly.

WHY A REALTOR?

1. Most lenders require that your home be listed with a Realtor before they even consider a short sale. Lenders want to make sure that the home is exposed to buyers out there- and that the house is priced right.
   
2.  Negotiating a short sale between the borrower and the lender takes skill, patience and expertise. Everyone involved in the transaction needs to know what to expect.
   
3. All commissions, expenses, fees and closing cost can be wrapped into the short sale so the seller has no out of pocket money at closing.
   
4. There is virtually NO COST associated with the short sale transaction for the seller.

WARNING: Time is of the essence… there is a small window of time for a SHORT SALE. CALL ACTION REALTY NOW! Office (541) 772-7782 / Cell (541) 621-7708

Put Action Realty's experience to work for you!
Start by using our contact Page (click here)

Diana Yates
Broker, GRI, ABR

P: 541-772-7782
C: 541-621-7708
Diana@homeswithaction.com