Archive for the ‘foreclosure’ Category
Newest Homes for Sale in Janesville WI
Friday, April 30th, 2010
Preforeclosure Side by side duplex – Short Sale
Friday, March 20th, 2009Act Sooner Than Later
Friday, March 13th, 2009When the economic environment puts a strain on your ability to pay your mortgage it is important to act sooner than later. Even if you have not missed any payments it is not too soon to take action. There are many resources to help struggling homeowners avoid losing their home to foreclosure.
First, collect all your bills from everyone you owe money to. Total all your expenses per month and compare it to your total income each month. If you can foresee any difficulty now or in the near future making your payments it is time to take immediate action. Gathering this information will also help you be more prepared when speaking with the lender.
Contact your lender(s) and explain your situation to find out if they can work with you. The $275 billion Homeowners Affordability and Stability Plan that just passed should make it easier for banks to refinance or modify your mortgage. Low-cost refinancing will help with mortgages that are more than 80 percent of the current home value. Loan modification under the Homeowners Stability Initiative will assist owners with a total debt that is 55% of their total income. More information about the Stability Plan program is found at this website:
If you do not feel comfortable speaking with your lender you can contact a reputable mortgage counselor. Visit www.hud.gov or call 1-800-569-4287 for a list of HUD approved housing counselors. These agencies may also have credit counseling available. These services are usually free.
Selling your house may be the only option that works for your situation. If you have enough equity you may be able to sell your home and pay off the mortgage. If not then you may have to ask the bank to take less than what is owed in a short sale. At this stage please contact Rock Realty at 1-877-774-ROCK(7625).
Don’t wait to be behind many payments to take action. If you can anticipate difficulty with paying your mortgage now or in the near future there are steps you can take to help avoid foreclosure. Calculate your financial situation to find your ability to pay your mortgage. Contact the bank for any programs they may have for making your payments more affordable. You can speak with a housing counselor for assistance in helping straighten out your finances. If all your other options no longer work contact Rock Realty to help you plan a short sale. The longer you wait the fewer options you may have.
Sun Prairie Ranch Home – Short Sale
Friday, February 27th, 2009
Wisconsin Foreclosure Options – What should I do now?
Friday, February 27th, 2009
What are my options to foreclosure in Wisconsin?
1. Make the payments:
Your best option of course is to bring your mortgage current by paying back payments
(arrears) due and any interest or fees assessed.
• If you are only behind a payment or two, talk to your lender. They will help you set up
a payment plan to get caught up, save your home and save your credit.
2. Sell your home:
If you have suffered a life altering occurrence (job loss, injury, divorce, death of spouse,
etc) and cannot make payments, list your home with a local Realtor® and try to sell it.
• Rock Realty has licensed Realtors® on our staff that will take care of all of the details.
Call us at (877)774-ROCK for a FREE property evaluation.
• It is important that you make this call early in your foreclosure process.
3. Work with Rock Realty: OUR SERVICES ARE FREE!
Rock Realty will negotiate with your bank to convince them to accept a lower amount
then what is owed. This is called a Short Sale.
If you owe more than the house is worth, and/or have a second or third mortgage, you
want to prevent foreclosure and get a fresh start, a short sale may be your best option.
It does require you to vacate the home, but it will prevent further credit damage, stop
foreclosure and allow you to move forward with your life.
Call us today for a free consultation.
TAKE ACTION NOW!!
THE WORST THING YOU CAN DO IS NOTHING.
OUR SERVICES ARE FREE, CALL US TODAY FOR A
FREE NO OBLIGATION CONSULTATION
(877)774-ROCK (7625)
Escape Foreclosure! Call Rock Realty for all of your short sale needs.
Friday, February 27th, 2009WORRIED ABOUT FORECLOSURE?
We want you to realize that your situation is not hopeless, regardless of what you might be thinking or may have been told by others. Your lender is not looking for an excuse to foreclose. The truth is most lenders would rather have you keep your home and keep making payments each month. You are not alone. Thousands of people across Wisconsin have similar issues with their mortgages every year.
The most important key to resolving your situation is being proactive. Even if your mortgage payments are just a few months behind, your lender has probably already started foreclosure proceedings against you. Doing nothing is the fast track to foreclosure. Thousands of dollars in penalties and legal fees may be added to your balance due. The longer you wait, the harder it is for us keep foreclosure off of your records.
WHAT IS A SHORT SALE?
You may have heard of a transaction called a short sale. This is just one tool that Rock Realty uses to help home owners keep foreclosure off of their credit. With a short sale, sellers avoid having to go through a lengthy foreclosure process and prevent the impact of a foreclosure on their credit score.
A short sale occurs when a lender agrees to take less than the amount owed to payoff a loan as an alternative to foreclosure. Lenders know that it will cost them a significant amount of money to take a property back. We can often convince them that they will be better off financially if they sell the property now rather than taking the home through foreclosure and trying to sell it later. So, a short sale can actually be good for them.
WE CAN HELP!
Our first priority is to help homeowners overcome the obstacles that could result in the loss of their home. We specialize in helping homeowners who have fallen behind on their mortgage payments. We’ve helped people in Dane County and Rock County. You deserve a fresh start. If you are facing the possibility of foreclosure and you live in South-Central Wisconsin, we can help you.
The first step is looking through our FRESH START PACKET.
