You may be anxious about whether your lender is motivated to work out a solution with you. The reality is that lenders lose much less in a short sale or loan modification than they do in foreclosure. The cost of foreclosure may cost your lender up to 50% of the loan amount while a short sale could only cost them from 15-30%.
As a CDPE, my job is to provide accurate information so that you can make an informed decision as to the best course of action.
Continuing from the article I wrote last week about the 7 Most Dangerous Short Sale Myths, here’s the last 3 for your education. I am here to assist you in helping you prevent a short sale of your property. But if it is necessary to go that route, let a CDPE expert help you. 5.…Read More »
I am Alex, the other half of the Wilkas Group, and I just earned the Prestigious Designation of CDPE. That means I am Certified by the Distressed Property Institute to help you determine what are the best options you have for your home if you are having difficulty in making your mortgage payments. What exactly…Read More »