Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate

Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
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Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate








Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate

 

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Your Ticket to Freedom from Mortgage Frustration

In the news, there is talk of a housing recovery. Experts feel more optimistic about the state of the housing industry in America. However, if you or someone you know is one of the millions of homeowners who is stuck with a home on which you owe more than the property is worth, however, the feeling of helplessness can be overwhelming and frustrating.

There is over $250 billion in negative equity in the US today. That means that the threat of foreclosure is still affecting millions of people. But there is a legitimate reason for the optimism: Distressed Homeowners have begun to fight back.

Many people don’t realize that just because they are in danger of losing their home to foreclosure doesn’t mean they have to wait around to be kicked out of their home. With help, they can be proactive and take matters into their own hands. That is because THERE ARE OPTIONS available and, increasingly, distressed homeowners are learning about these options and helping themselves out of their unmanageable mortgage.


    What Options Do You Have?
    There are a number of foreclosure alternatives available to you. Here are
    some of the most common:

    Reinstatement
    Was the reason you missed your payments temporary but the issue has
    since been resolved? If you can make a one-time payment that includes
    all missed payments, legal fees and late fees, you are eligible to be
    reinstated back into your loan agreement.

    Forbearance or Repayment Plan
    If the hardship which caused you to miss your payments was temporary
    but you cannot afford a payment to qualify for reinstatement, you may be
    able to negotiate a forbearance or repayment plan. In this case, you may
    be able to pay the missed payments over time, or the payments can be
    placed at the end of the scheduled loan amortization.

    Rent the property
    Renting your home might be an option which enables you to pay your
    mortgage. You are still responsible for all costs associated with the
    house, including maintenance and taxes.

    Mortgage Modification
    In some cases, you may be eligible to modify your loan in a way that
    reduces the principle or lowers payments. Some of these programs vary
    from bank to bank, but there are also government-sponsored programs
    which are available to help homeowners in distress


 
 

Is a Short Sale for You?
If you are struggling with your home payments, you’re not alone. An
estimated one fourth of all U.S. homeowners are upside down on
their mortgage—meaning they owe more on their home than it is
worth – and millions are behind on their payments.
Often the best solution for homeowners in this situation is a short
sale in which the bank agrees to accept less than is owed on the
mortgage. The bank doesn’t want to foreclose on your home and
short sales are more common than ever before.
The situation is complicated and the stakes are high. Never has it
been more important to have a local market advocate on your side.


Contact me today and let’s get started!
Jerry Lee Hatley
Re/Max Mountain Realty
P.O. Box 1351, Maggie Valley, NC 28751
cell: (828) 230-1082
email: jerryhatley@bellsouth.net

CDPE website: http://www.hosted.cdpe.com/167450/

 

    Refinance
    If you have enough equity in your home, refinancing may help you get back to more affordable payments. This will be determined by your credit, the value of the property and whether you are current on your loan.

    Bankruptcy
    In some cases, bankruptcy is an option. It may stop foreclosure and allow you to reorganize your debt. However, the stoppage is only temporary and if you are still unable to make payments then the foreclosure will still go through. Bankruptcy also makes a property much more difficult to sell.

    Short Sale
    You sell your property for less than it is worth and the bank, realizing that some money is better than no money at all, agrees to release you from your obligation to the remainder of the loan. In some cases, you are able to walk away from the loan free and clear.

    In most cases, the short sale is the best possible option for both the homeowner and the bank. Short sales can have a significant advantages over other foreclosure alternatives because of credit score implications.

    As a Certified Distressed Property Expert (CDPE), I make it my business to know all of the ins-and-outs of the options that are available for people who are in danger of losing their homes. No matter how helpless you may feel, these options prove that it is important to face your challenges head on.


 

Why Would A Bank Accept A Short Sale?
It can sometimes seem to go against everything we are taught about borrowing money, but in today’s market, banks will gladly accept a short sale as an alternative to foreclosure.
Here are three reasons why:


    1. In a short sale, the bank never owns the home – It is often overlooked, but this is one of the major reasons why banks prefer short sales. Having to take back the home and then sell it at auction is a major undertaking that can be expensive. In a Short Sale, there is already someone who wants to buy the home, so that hassle is taken care of.

    2. In short sales, the home is generally in better shape – It is a sad fact, but when people are about to lose their home to foreclosure, they will sometimes try to distance themselves emotionally from the home in order to cope. This can lead to the home not being properly maintained, which makes it that much harder to sell. In a short sale, the seller is always being proactive and is generally more responsible when it comes to caring for the home.

    3. In a short sale, the bank gets more money – Ultimately, this is the main reason. Even though the bank is not getting the full amount of the loan, the amount of the average short sale is almost always significantly more than what they can sell a foreclosed home for at auction. In 2011, even the most qualified loans (called Prime loans) that were foreclosed on could require the bank to take a 49%-54% loss. With short sales, the losses are typically 25% or less and the process is much quicker.

    All of these factors combine to make a Short Sale a better solution than foreclosure for the bank.


Contact me today and let’s get started!
Jerry Lee Hatley
Re/Max Mountain Realty
P.O. Box 1351, Maggie Valley, NC 28751
cell: (828) 230-1082
email: jerryhatley@bellsouth.net

CDPE website: http://www.hosted.cdpe.com/167450/

 



CLAIM YOUR TICKET TO FREEDOM!

As a Certified Distressed Property Expert (CDPE), I make it my business to know all of the ins-and-outs of the options that are available for people who are in danger of losing their homes and help the challenges head-on.

Take a look at the information on this site and contact me if you have any questions at all.
Peace of mind is priceless, so if you have decided that it's time to act, feel free to contact me today to schedule a free, confidential consultation.

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Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate

Short Sale Specialist: Jerry Lee Hatley
Foreclosure is NOT
your only option!

Short Sale Incentives:
Why Banks will Give You Money to Sell the Home You Can't Afford

The nation’s leading mortgage lenders are extending extras for short sale transactions employed as an alternative to foreclosure – both in the form of monetary incentives for borrowers and streamlined procedures for real estate agents. read more.......

Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
   
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
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