What is a foreclosure?
Foreclosure is the process where the bank will take back your home, destroy your credit rating, and still leave you with the stress of debt. Did you know that banks will still go after you for your mortgage debt long after the house has been foreclosed? They will even charge you for their attorney fees! Foreclosure is a rather drastic option that always leaves the bank in control. Many homeowners with a burdensome mortgage feel trapped with no way out. One alternative to foreclosure is a short-sale. A short-sale allows you to negotiate your debts and the bank to minimize their losses. The final result -- both parties come away with the best possible outcome. One final thought. Putting your house up for sale as a short-sale costs you nothing. It's a way for you to take control of the situation and minimize your financial loss. Foreclosure is a last resort option, and only something to consider after we have exhausted all other possibilities, including a short-sale.
Submit questions here: www.realtortawanabourne.com
Call, text or email me, ANYTIME!
Tawana Bourne, SRS, SFR, RESE
Your Enthusiastic! REALTOR
Berkshire Hathaway HomeServices NEP
What's Your Home Worth? Get three automated Estimates - Instantly by going here (no cost, and no obligation): www.bhhsne.findbuyers.com/tawanabourne
Stay Connected With Me on Social Media:
#RealEstateAgent #BuyersAgent #SellersAgent #RealtorTawana#LetMeHelpYou #ILoveWhatIDo #TawanaBourne#RealtorTawanaBourne #ConnecticutRealEstate #ConnecticutRealtor