Short Sale seminar!

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Short Sale your home explained in simple terms

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Short Sales:

Short Sales A Quick Guide to Avoiding Foreclosure and Saving Your Credit

How did I get here?:

How did I get here? You had every reason to expect that you could pay your mortgage Remember, for the first 3-5 years, your payments applied mostly to interest and barely affected the principle You may owe more on your home than its current market value Perhaps you lost income due to economic downturn You are not alone and this is not your fault Please go to www.LakeCountyShortSale.com for confidential help with your home

When you owe less than the current value of your home::

When you owe less than the current value of your home: You’ve lost income and can’t keep up with payments What are your options? Sell and repay Loan modification Do nothing  Saves your credit  Allows you to catch up  Bound for foreclosure Please go to www.LakeCountyShortSale.com for confidential help with your home

When you owe more than the current value of your home (a.k.a. underwater):

When you owe more than the current value of your home (a.k.a. underwater) You purchased in a stronger market When the bubble popped, your home quickly lost value What are your options? Short sale Bankruptcy Foreclosure  Rescue credit, dump debt  Lose assets, destroy credit  Worst for credit Please go to www.LakeCountyShortSale.com for confidential help with your home

How foreclosure works:

How foreclosure works Bank issues a service letter You still have plenty of time to act Damages your credit 250-300 points Stays on your report for at least 7 years You must disclose forever DON’T PANIC! Please go to www.LakeCountyShortSale.com for confidential help with your home

What is a Short Sale?:

What is a Short Sale? An agreement between you and the lending institution Bank agrees to accept sale amount as settlement of debt Walk away from your overvalued mortgage debt-free Please go to www.LakeCountyShortSale.com for confidential help with your home

Why the Short Sale is good for YOU:

Why the Short Sale is good for YOU Bank takes the loss of value, not you No Deficiency Judgment Only affects your credit 50 points or less You can qualify for a new mortgage within 2 years, often much sooner Please go to www.LakeCountyShortSale.com for confidential help with your home

Why Banks like Short Sales:

Why Banks like Short Sales They often lose nothing since you’ve already paid interest for years Mortgage moves from “Toxic Asset” to “Non-performing Asset” They recoup more of the investment than in foreclosure Please go to www.LakeCountyShortSale.com for confidential help with your home

Starting the process:

Starting the process It’s never too late Even if you’re already in collections, you can defer those calls to your Realtor When the bank knows you’re trying, they’ll give you more time Please go to www.LakeCountyShortSale.com for confidential help with your home

Important notes to remember:

Important notes to remember Keep your utilities current If your home is a condo, townhouse or subject to any other sort of Home Owners Association, you must keep your dues current You are not alone and this is not your fault Please go to www.LakeCountyShortSale.com for confidential help with your home

How we can help:

How we can help We have a team of Realtors, Marketers and Attorneys We will help find the best solution for YOU Even if selling is not your best option, we can help Please go to www.LakeCountyShortSale.com for confidential help with your home

Start NOW:

Start NOW We can stop harassing calls TODAY All services are free of cost to you Consultations and advice are always free of charge Any sales services will be paid for by the lender as part of the Short Sale agreement Please go to www.LakeCountyShortSale.com for confidential help with your home

Call, text or email me today!:

Call, text or email me today! Ranked top 4% out of Re/Max agents nationwide Platinum Club award winner Jim Starwalt Re/Max Center Office- 847-548-2625 Cell- 224-627-7581 [email protected] Please go to www.LakeCountyShortSale.com for confidential help with your home

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