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Stop Foreclosure!
If you are currently in foreclosure or behind on your payments, it may not be too late to prevent your house from going to foreclosure auction! Our agents can work with you and your lender to negotiate a reasonable price that is acceptable to the lender even if you owe more than the home is worth. Best of all, we can do this at no cost to you!Take a moment and give us a call to go over your options. If you don't feel comfortable calling simply email admin@franklinbell.com
What is a Short Sale?
A Short Sale is a bank approved sale of your home (you must also agree) for an amount that is less than you owe on your mortgage. Banks are willing to do this if the value of your home is less than your mortgage amount. Short sales can take from as little as a few weeks to several months to get approved and negotiated. Using Franklin Bell Realty, LLC for your home sale may save you from having a foreclosure on your record and help salvage your credit rating. Call today!
Unfortunately because the bank would be taking less than what is owed on the mortgage with the approved short sale, the seller has to walk away without any money from the sale of their home. Because of the state of the economy and the housing market, many Americans are finding that they no longer have equity in their houses. Equity is the difference between what is owed and what the house sells for. If you owe more than it sells for then you have no equity. This is not your fault, but you cannot expect the bank to reduce the amount you owe while you walk away with money in your pocket from the sale of your home. You have to remember that your home was pledged as full security for the loan/mortgage.
What is in it for you?
As a home owner you have already shown that you want the American Dream. It is not your fault that the housing market crashed and that your home is now upside down. It also isn't your fault that many banks created mortgages that have huge balloon payment that are simply unaffordable. However, you don't have to be a victim. By getting proactive about the possible short sale of your home you are salvaging your credit by trying to prevent a foreclosure, you are also getting closure from the sale of your home without worrying if the bank will ever come after you, and you can move on with your life and hopefully work toward one day owning your home again.
Will you owe anything to the bank?
If the bank does not approve a potential short sale, of if we are unable to find a buyer before the bank forecloses you may still be liable to the bank. However, if we do get bank approval for a short sale of the property then the foreclosure will stop and the bank will not pursue collecting any deficiency. Though we cannot guarantee what the bank will do, we have been successful in negotiating with the bank so that the bank will not even issue a 1099 for the difference. We negotiate all of these details on your behalf so that you can rest assured, that when you walk away from your home, you no longer have to worry about the bank causing you any further problems.
Will Franklin Bell Realty cost anything to me?
Not at all. Franklin Bell Realty will work with you to come up with an agressive marketing strategy to sell your home quickly and avoid foreclosure. Franklin Bell Realty will be paid by the bank if we are successful in helping you sell your home. This is because the bank understands the importance of avoiding foreclosure and they do get the benefit of not having to go all the way through the foreclosure process, just to get the house and then try and sell it on their own. Because of our proven track record and agressive negotiating tactics we are confident enough in our program that we do not require any payment from the home seller whatsoever!
1-888-680-4005 (Toll Free)
admin@franklinbell.com
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