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short sale decision

“Should I Short Sale Or File Bankruptcy?” – Consult With Us First!

Hey everyone, Kelly Cook here again with the Kelly Cook Real Estate Group and Keller Williams Realty in :k1:. We can be found online at www.KellyCookHomes.com. We specialize in helping homeowners find alternatives to foreclosure through the means of a short sale. The topic we’re addressing today is, “Should I file a bankruptcy or do a short sale?”

Before we begin, I would like to disclose that I’m not a licensed attorney so I can’t give you legal advice about implications and ramifications of a bankruptcy. However, we do have a bankruptcy attorney that we work with on our team that we can put you in touch if you have questions about filing bankruptcy. A lot of people do consider whether or not they should file bankruptcy or do a short sale and what’s best for them. If you do have other outstanding consumer debt in conjunction with your home being severely underwater, bankruptcy could be an option. If you don’t have to go down that route and it makes the best financial decision to do a short sale, this could be a successful resolution to your financial problems. Please don’t ever rush into filing bankruptcy if you feel the debt on your mortgage is insurmountable.

Please give us a call and let us review your situation to see if a short sale is the better option for you. We can also consult with our bankruptcy attorney to find out if the short sale will be good enough to avoid a different drastic solution. You can email us at info@kellycookhomes.com or call us at either our Arizona or Ohio office. We look forward to hearing from you soon and helping you determine if a short sale is the best financial solution for you.

Let Our Short or Stay Calculator Help You Decide if a Short Sale is Right for You

Hey guys, I’m Kelly Cook here with the Kelly Cook Real Estate Group, your :k1: short sale specialists. We can be found online at www.azkcrealesategroup.com. We specialize in helping Valley homeowners across the greater :k1: area find alternatives to foreclosure through the means of a short sale. So we’re very proud to have two pieces of software on our website to help homeowners who are potentially thinking about going down the road of a short sale make an informed decision as to whether or not that’s the best option for them.

One of the pieces of software which we are very pleased to offer to all of our clients on our website is the short or stay calculator. The short or stay calculator allows you to make an informed decision based upon the future appreciation rates, your current balance, your current market value of your property and things of that nature.

So if you go to our website, go to the short or stay calculator you’ll be able to put in all that information and based on what you enter, you’ll get a report emailed to you that gives you a break even analysis as to how much money you’ll spend to get to the break even analysis point. It takes into factor all the holding costs involved and will give you a number in terms of how much money you’ll have to spend in order to break even on your house at some point in the future if you are currently underwater.

The second thing is a loan modification downloadable packet that we have on our website. We understand that not everyone is ready to go through the short sale process right now so we are here to be as helpful as possible for anyone who is looking to potentially modify their loan and of course if that doesn’t work, we are definitely here for any short sale questions.

Again, I’m Kelly Cook with the Kelly Cook Real Estate Group, your :k1: short sale specialists and we’re here to help. Please go to our website and take a minute to download the loan modification kit that we put together for you and see if that works with that process if that’s where you want to go first, but if you have negative equity, and want to get out from under your debt, we feel the short sale is the best option. Please contact us today. You can call us at 480-442-9868 or send us an email at info@kellycookhomes.com. Thanks and we’ll talk to you soon.