So many americans are facing the stress of possibly losing their homes.
There are other alternatives out there and by contacting your Realtor, they will be able to assist you in some guidance as to what needs to be done to possibly prevent this from happening.
Todays economic conditions have put many families in financial distress and they feel the only way out is have their home foreclosed on.
They either lost a job,a major financial set back or because of the declining values of real estate feel that there is no way to get what the house is worth. so why not stop making payments and eventually give it back to the lender.
The first step is to contact your lender and see what options are available or if they have any new programs that you qualify for, such as a possible refinance or looking into a short sale.
If there is no other option but the to face the inevitable, ask your realtor about the possibility of doing a Short Sale.
This will impact your credit as well, however it wont be a crucial as a foreclosure on your credit report.
Also you can start working on it now rather than postponing it and having the daily worry of what is going to happen next with your home.
By authorising your Real Estate agent to talk on your behalf, they can research and see what needs to be done in order to get the Short Sale started.
Having a third-party with the experience of doing short sales can relieve the stress of getting the job done and in return you will be able to move on.
For further information and also a private consultation feel free to cantact me direct.