No Equity No Problem

Today many homeowners are faced with a negative equity position.  The contributing factors were the slow down of the market and the inflated sales price at which they purchased. Sometimes unexpected circumstances arise.  A death in the family, divorce, loss of job/income.  Also a reset on the interest rate from an Adjustable Rate Mortgage (ARM's) and an increase in Property Taxes raises the monthly mortgage payment significantly.

Homeowners find themselves in a position where they are unable to pay their monthly expense's, which a bulk of the expense is their mortgage.  When they attempt to refinance the loan, they find that they are unable to do so due to no value in the home.  They find it difficult to make the payments or cannot make the payments at all due to other credit obligations or basic needs.

This is where I can help.  To avoid Foreclosure and the negative impact that it brings to your credit standing, we can arrange a negotiation with the bank and ask them to take an amount less than what is owed on the mortgage.  I have helped many Albuquerque and Rio Rancho residents successfully negotiate a Short Sale.  Read further and contact me for a FREE Evaluation to see if you Qualify for a Short Sale.

Visit No Equity No Problem For Full Details on What We Do For Our Sellers

Posted by NMWelcomeHome Team Associates (505) 886-1432 on
Email Send a link to post via Email

Leave A Comment

Please note that your email address is kept private upon posting.