Distressed Property Assistance . . .

Since 2005, most every home has lost 20-30% of its value. Many homeowners who bought in the last few years are in a negative equity position on their property. For example, a home worth 400K is now 320K. If you started with a 360K mortgage, it now exceeds the property value.

In addition, high risk loans and high unemployment rates have forced homeowners to fall behind on their payments. This has sent many homes to foreclosure by the lender.
There are several options to avoid this, including: loan modifications, giving a deed to the bank to prevent foreclosure, and many are willfully defaulting even if they can make payments due to the lopsided negative equity position. The premise is why pay any more money into a home that can't recover its value.

Another option is a short sale. Here the home is sold for as much as possible with the lender agreeing to take a lesser amount than what's owed in order to not foreclose and lose too much money in the process. The problem is many times the lender(s) won't agree to a lesser number especially when there's poor terms.

Fortunately, I am very knowledgeable of the process and work with a skilled short sale attorney to have the lender agree and . Most importantly, we will fight for a satisfaction of mortgage to remove pending foreclosure as if it were paid off by the homeowner.