Real Estate Resources
Is It Time to Consider a Short Sale for Your Houston Home?
1. Mortgage interest rate resets
2. Job layoff
3. Excessive medical bills
6. Over extended credit problems
Having a legitimate reason for being behind on your monthly mortgage payments could be the "hardship" needed to have your lender approve a short sale offer from a buyer.
Communication is Key to Avoiding Foreclosure!Whatever you do, it is important as a Houston homeowner to be in communication with your lender when you begin to miss your monthly mortgage payments. Embarrassed and often unaware of the serious nature of a foreclosure, Houston homeowners will ignore repeated attempts from their lender to provide assistance once the homeowner has missed a few payments. Always call your lender and try to work out a plan to get caught up on your payments. If you still can't meet your house payment obligation, the next step is to consider the Houston short sale.
Know Your Options!
Contact us today to schedule your initial consultation to determine if you are a candidate for a short sale hardship request. Remember, you could avoid years of negative impact on your credit from a foreclosure by going with the short sale option with the assistance of your Houston Realtors!