Hello everyone my name is Kelly Cook with the KC Real Estate Team, your short sale specialists in the :k1: area, thanks for checking out my blog today. My team and I are devoted to helping :k1: homeowners avoid foreclosure and I use my blog to provide valuable information on that exact topic. If you would like more information on the short sale process or are already considering a short sale take a minute to browse my website or contact me directly to discuss your options.
For my blog topic today I wanted to cover your different options for avoiding foreclosure and how they compare to a short sale. Aside from a short sale your other options for avoiding foreclosure include a loan modification, bankruptcy, and a deed in lieu of foreclosure. Personally I feel a short sale is the best option for any homeowner but it is always good to have options. A bankruptcy is pretty self explanatory and should only be used in certain circumstances since it will have a profound impact on your credit and ability to secure a loan in the future. Second is a deed in lieu of foreclosure which is performed much like a foreclosure but could have a decreased impact on your credit depending on your lender. The third and final alternative is a loan modification and this will serve to reduce your monthly payments and allow you to stay in your home.
While these three alternatives do have their advantages a short sale can be a better option in the long run. If you are behind on your mortgage and considering your options please give me a call today to discuss your unique situation. This is Kelly Cook with your :k1: short sale specialists, thank you and have a great day.