There are many hardships that can turn the dream of homeownership into a nightmare. Job loss, medical bills, or an adjustable rate mortgage reset for example can all make a mortgage unaffordable.
Many families here in the Las Vegas area are finding themselves in the unfamiliar situation of not being able to make their mortgage payments and facing foreclosure. The ramifications of foreclosure are huge and long term and can often be avoided. More shocking is that many homeowners that have lost their homes to foreclosure were unaware that there are alternatives. One such alternative is a "Short Sale".
Generally, a short sale occurs when you owe more than the property can be sold for. The property is sold and the lender agrees to accept less from the sale than the amount you owe on the loan, releasing you from the mortgage and preventing foreclosure. The lender may be willing to do this because it spares them the hassle and expense of a foreclosure.
I work with a team of professionals who work everyday with homeowners that owe more than their home is worth and can't make the payments.
Before foreclosure becomes a reality, let me show you how we can help.
Fill in the form or call me for information on the foreclosure process, the alternatives, and the possibility of a short sale.
Joe Cusimano
Realtor
Century 21 Aadvantage Gold
702-245-7227
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