One out of six homeowners today have stopped making their mortgage payment due to distressed financial situations such as job loss, medical situations and interest rate adjustments. Are you one of them?
Get the HELP you need.
Monica Monson recognizes that there are many luxury homeowners who are in distress or are facing it soon. A Certified Distressed Property Expert (CDPE), Monica helps those who have true financial hardships by discussing options, explaining the process and making recommendations that help homeowners avoid foreclosure.
SHORT SALES ARE A VIABLE OPTION FOR MOST HOMEOWNERS
9 Ways to Avoid Foreclosure
REINSTATEMENT ( Bring the loan current )
FOREBEARANCE ( Temporary replayment plan )
REFINANCE ( New loan with reduction in monthly payments )
LOAN MODIFICATION ( Modify original loan terms )
SELL THE PROPERTY ( Use equity to payoff or pay difference )
RENT THE PROPERTY ( Must make loan current )
SHORT SALE ( Negotiate with bank to accept sale under loan amount )
DEED IN LIEU OF FORECLOSURE ( “friendly foreclosure” )
BANKRUPTCY ( Will stall foreclosure but not prevent it )
