Stop the bank from foreclosing on your home. Let us help you do a Short Sale.

Foreclosures have doubled since last year.  The biggest increase has come because of 100% interest only loans that were made with very low adjustable rate interest rates and now they are adjusting upwards.  Some rates are going from 1.9% to 6.5% making payments triple.

Many people cannot make such a huge payment.  It has become impossible.  Most people would sell their home to get out of the payment, but the housing market has shifted from a sellers market to a buyers market and it can take 6 months to a year to sell.  To make matters worse, your home may not be worth what it was when you bought it and you are now upside down.  It may cost you thousands of dollars that you don’t have to sell.  Foreclosure seems like the only alternative.

There is another answer.  The mortgage industry has an option called a "Short Sale" that allows a bank to accept a payment that is "short" of the full value of the loan as payment in full.  This allows the sale of your home to be made at a reduced price that is acceptable to the bank with no money paid by the borrower. 

There is a very specific process that is required to stop the foreclosure process and negotiate a Short Sale with the bank.  It is absolutely critical that you start this process immediately.  Foreclosure can happen very quickly and can be hard to stop once started.  Act now. 

Bonnie Mullinax and the Mullinax Team have been specifically highly trained in this processs.  To get a Free confidential assessment of your situation, visit www.AvoidBankForclosureNow.com or contact us at 770.606.0054

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