Avoid the foreclosure stigma - Homeowners will always have to disclose that they had a
foreclosure on any mortgage application and (many job applications) that they submit in the
future. This can have an adverse affect on their suture mortgage rates. Foreclosure is asked
about specifically in credit inquires. There is no seven-year time limit on this item.
Protect credit score - Credit scores will be lowered by 33 plus points (per loan) by foreclosure.
The impact of a short sale - about half that amount.
Improve eligibility for a government insured loan - The homeowner will be ineligible for a
government insured loan for 5-7 years (only two years in a short sale). A foreclosure is the one
credit report item that is almost impossible to have repaired.
Avoid a deficiency judgement - Lenders can seek a deficiency judgement against the
homeowner and collect any amount they do not recover at sale.
Protect employment prospects - Many employers run credit checks on prospective
employees. Foreclosure is one of the top items that will put a potential new hire, or even
current employment, in jeopardy.
These are the top reasons, but there are more. Louise Donahue & John Noble are short sale
specialists that wilgive you a full picture of the options, and allow you to move on with your life
and recover.
foreclosure on any mortgage application and (many job applications) that they submit in the
future. This can have an adverse affect on their suture mortgage rates. Foreclosure is asked
about specifically in credit inquires. There is no seven-year time limit on this item.
Protect credit score - Credit scores will be lowered by 33 plus points (per loan) by foreclosure.
The impact of a short sale - about half that amount.
Improve eligibility for a government insured loan - The homeowner will be ineligible for a
government insured loan for 5-7 years (only two years in a short sale). A foreclosure is the one
credit report item that is almost impossible to have repaired.
Avoid a deficiency judgement - Lenders can seek a deficiency judgement against the
homeowner and collect any amount they do not recover at sale.
Protect employment prospects - Many employers run credit checks on prospective
employees. Foreclosure is one of the top items that will put a potential new hire, or even
current employment, in jeopardy.
These are the top reasons, but there are more. Louise Donahue & John Noble are short sale
specialists that wilgive you a full picture of the options, and allow you to move on with your life
and recover.
Headlines today are filled with
stories about homeowners in
financial distress - people who face
a lender's foreclosure on their home.
Millions of American home owners are
wondering what to do.
Like most crises, this one has produced its
hare of rumors and misinformation. One of
the biggest ones is "just let it happen, why
fight back", the line of thinking goes. It's
emotionally draining, and the government's
loan modifications aren't helping many people.
Well, that's only partly true.
stories about homeowners in
financial distress - people who face
a lender's foreclosure on their home.
Millions of American home owners are
wondering what to do.
Like most crises, this one has produced its
hare of rumors and misinformation. One of
the biggest ones is "just let it happen, why
fight back", the line of thinking goes. It's
emotionally draining, and the government's
loan modifications aren't helping many people.
Well, that's only partly true.
Do You Know a Homeowner Facing
Foreclosure? Here's A Way Out.
Foreclosure? Here's A Way Out.
Why not a short sale? Provided is the list of reasons why:
While government loan modifications programs have fallen short on the mark so far, there is
another solid, sensible option for homeowners. It's called a short sale - a sale to a buyer where
the seller's lender agrees to accept less than the full amount owned.
another solid, sensible option for homeowners. It's called a short sale - a sale to a buyer where
the seller's lender agrees to accept less than the full amount owned.
Sellers
EMail: DonahueNoble@kw.com
| Call: 401.474.0404 |
| DONAHUE NOBLE |
| Experience, Knowledge, Integrity |
| KELLER WILLIAMS R E A L T Y |
| @2010 - Donahue Noble Privacy Policy |
| Donahue Noble Louise Donahue & John Noble Keller Williams Realty East Bay 259 Thames Street Bristol, Rhode Island 02809 Tel: 401-474-0404 Confidential Fax: 401-253-1075 Email: DonahueNoble@kw.com |
| DonahueNoble.com 401.474.0404 Louise Donahue & John Noble Keller Williams Realty East Bay 259 Thames Street Bristol, Rhode Island 02809 Tel: 401-474-0404 Confidential Fax: 401-253-1075 Email: DonahueNoble@kw.com |
| SEARCH FOR YOUR PROPERTY |