About Us
Short Sale and Forclosure Specailists
A professional designation from the National Association of Realtors.
A professional that is in your corner.
Know your options before you sign anything with the investor knocking on your door…
During the pre-foreclosure and foreclosure process there will be investors that contact the destressed owner of a property and claim they are there to “help” the home owner with the situation. When in reality, they are there to help themselves to the equity in the property at the home owner’s expense.
A “Short sale and Foreclosure Resource” (SFR) is a designation from the National Association of Realtors. This is a licensed Realtor who is specially trained to assist homeowners who are one or more payments behind in their mortgage. The SFR can potentially correct the situation by; offering advice or direction on refinancing the property, or by; listing and selling the property (which would protect all or most of the homeowner’s equity). They will have a network of investors who could purchase the property quickly, and communicate directly with the lenders on options and procedures associated with preventing or postponing the foreclosure.
What is the advantage of using a SFR specialist over the investor who will be sending letters or knocking on your door? The SFR specialist truly has your interest in mind. A foreclosure on your credit report will prevent you from purchasing a home for at least 5 years, the national average is 7 years. The sooner a SFR specialist gets involved the better the chances of saving a declining credit score. With each missed payment the credit score of a borrower drops considerably. Your credit score will dramatically impact your quality of life. You need a satisfactory credit score to rent an apartment or buy a cell phone for example. One missed payment is not a life changer, but two or more will have profound impacts on a borrower’s ability to secure additional credit lines moving forward.
An SFR specialist can answer questions about the foreclosure process and the steps a lender must follow. A SFR specialist is familiar with the timeline that the borrower is on and can advise the home owner what realistic options are available along the way.
Time is passing quickly. If you have received a letter from your lender stating that you have missed one or more payments, PLEASE call us today.
417-425-1695.