Short Sale and Foreclosure are Hot Topics in Chicagoland, Let’s Look At Some Solutions For You.
What is the comparison between short sale vs. foreclosure? Which step should you take? Homeowners across the country have a lot of options now with the decision made at Congress on January 1, 2013. Yet, we need to get to the heart of the situation — how does it all help you as a homeowner?
In brief (homeowners can benefit from the following if you qualify) :
- Forbearance or Repayment Plan
- Mortgage Modification
- Rent the Property
- Deed in Lieu of Foreclosure
- Servicemembers Civil Relief Act (military personnel only)
- Sell the Property
- Short Sale
As a Certified Distressed Property Expert (CDPE) in the Naperville and surrounding suburban Chicago real estate markets, several people have requested that I explain the key differences of a short sale vs. a foreclosure. The Charfen Institute has put together this very quick and simple explanation for home sellers and distressed property owners who are facing this choice.
In this video, The Charfen Institute breaks it down, providing a short and simple explanation of what we’re dealing with in the Chicagoland market. To learn more about both solutions, as well as free reading material to learn about the two subjects in greater details, please visit www.RHRRescue.com. The site will provide you with a vast amount of free information to help you make the right decision for your future, your family and your home.
Please let me know if I can be of assistance.
Still got questions? Click on the image below for more information.