Dont Just Walk Away
Don't Give Up! This could be your Key to Freedom!
In the past decade we have each experienced the economy fall considerably all around us. Although some of us may have been directly affected more than others, it has in some way changed everyone's life. As American's we are blessed to be a part of the land of opportunities; However, this only constitutes our right to work hard when we want, live the way we want, and exercise our freedom to simply live however we choose, but it does not always throw us a float if we begin to sink. We are each responsible to find a way to survive. If you are in a situation of financial distress, please know that you are not alone! Many people are looking for answers, and it just so happens that we are able to offer advice and knowledge when it comes to your personal Real Estate. Don't just give up hope and walk away, we want to help.
To all SELLERS- Consider a short sale; it allows you as the homeowner to sell your home for less than what is owed on your mortgage. The advantage to a short sale are the real estate fees, taxes, closing costs are all absorbed by the lender. This is a great alternative for sellers who are in default of their mortgage based on a hardship like, divorce, unemployment, illness etc.
Here are some facts you should be aware of:
-- There have been nationwide studies and 75% of foreclosed homeowners never listed their home for sale.
-- South Carolina is a deficiency state which means if you foreclosure there could be future legal action from the mortgage. This action has horrific consequences depending on the type of mortgage(s) you have for any seller. If a short sale was entertained, deficiency requirements can be negotiated, best case not required to be repaid at all. Always consult with an attorney before exercising any options.
-- In 2008/2009 Myrtle Beach’s market took a huge downturn. Many sellers received a foreclosure notice and the majority never considered a short sale as the alternative to foreclosure.
-- Some sellers were able to do mortgage modification, but with our area primary a 2nd home market not everyone is eligible.
So if you haven’t foreclosed yet, are in default of your mortgage, or just don’t know what to do, give us a call because we can help!
Contact Us www.mbexit.com
Exit Realty Elite -Myrtle Beach, South Carolina
Posted on: Thursday the 23rd of May 2013.
Total views: 25
Written by: Anthony Wise