Foreclosure Date Has Been Set... My Short Sale Is Ruined!

One of our Short Sale customers in Fort Myers

, Florida came to us a little late. 10 months of nonpayment and the date was set...

Is it all over for this family?

With some effort and proactive action, we were able to delay foreclosure 60 days and are now set with a short sale approval. We should close in a few days.

This is why you need to take action right now. The short sale process will not cost you anything. However, if you elect to be delinquent and decide to exercise you option of a short sale too late, then it may cost you. Keep reading...

This family was delinquent for 10 months but were trying to do the right thing. Modify their loan with the bank and save their home. Unfortunately this lender, as per their discussion with us, gave them the run around leading them to believe they would have a modified loan that would be suitable to their financial position.

They were denied a modification.

They called me and provided me all the bank / attorney notices immediately upon request.

I instructed them to hire an attorney to see if they could delay the foreclosure in which we got 60 days which cost them a few hundred bucks... On top of it, the negotiator has assisted in providing direct communications with the foreclosure attorneys on the progression. He was a great negotiator to work with in ensuring we would not be bypassed to foreclosure.

This does not go as well with all banks. However, it is never too late. Make sure you are being proactive in speaking to an experienced short sale real estate agent even while you are trying to modify your loan as back up...

by: Steve Daria

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