Need Foreclosure Help

If you are facing foreclosure or think you might be heading towards missing a mortgage payment be sure to get someone on your side who knows what they are doing. Be careful calling those foreclosure prevention companies that you might receive notices from or see on the television, they don't always have your best interest at heart and if they are asking for money? Then don't pay them a cent until you go through all of your options. Most mortgage companies at this time offer a free homeowner help line that you can call and get questions answered, they also will go through your situation and give you solid advise for FREE.
Also if you are thinking a short sale might be your only option or you've decided to sell the house before your credit gets ruined? Call a real estate agent that knows foreclosures and knows what they are doing. Even if you haven't missed a payment yet, an agent who knows your options when you are close will be able to help you decide the best course of action.
In Utah there is a lot of qualified help to those who need it. If you find yourself in a position where you need help, I will give you all your options so you can make the best decisions for you.

Foreclosures

Have questions to how foreclosures work? I will do several posts with many frequently asked questions on foreclosures. There is a called a judicial and non-judicial foreclosure. Some states do both, some do only one or the other, the first step is to understand what type of foreclosure is taking place on your home. This has everything to do with when you can get out of foreclosure, if you can buy your home back after auction, or when everything is final. Give me your questions, now is the time because Knowledge is Power! Utah, the most common is non-judicial, in another post I'll explain the steps taken.

Bankruptcy

Don't just file bankruptcy to avoid foreclosure. If you want your lender to work with you, BK is not the answer. Many lenders wont work with borrowers once they have filed BK and you've lost many options that you had.

In Foreclosure?

In Foreclosure? Don't just call one investor. I work with over 10 investors that want to buy your home, with them competing you will get the best price possible with a bunch of options for you!! Don't just sell to the first guy who comes knocking on your door. My guys all have different specialities and one of them will fit with what your home needs and is usually willing to pay more than the other guys. Give me a call, I can walk you through the foreclosure options and help you determine what fits your situation the best.

Short Sales

Why should you try a short sale instead of foreclosure? We'll if you live in Utah first off, unless you have refinanced in the past year, you probably don't need to sell your home as a short sale. Even most of the fixer uppers you can sale for at least what you owe the lender plus realtor fees. Other situations? You are better off with a short sale on your credit than a foreclosure. The lenders look at it as that you put in the effort to sale your home and you put in the effort to pay them back. Not that you just left the home for them to deal with. Plus the 2nds can usually get something instead of nothing and it saves the 1st some money in taking it all the way to auction and dealing with it after.