In Distress? What YOU need to know!
STEP 1: Understand the VocabularyForeclosure: When a lender enacts its rights to take back a home upon default of the borrower. In some states, the borrower will owe the lender any deficiency.
Short Sale: Sale of a home for less than the amount owed on the mortgage.
Deed In Lieu of Foreclosure: When the borrower deeds the home back to the lender in exchange for the release of all obligations under the mortgage. Both sides must enter into the agreement voluntarily and in good faith.
Ask Cathy Marketing Group, LLC is a certified Short Sale Expert with the SFR (Short Sales and Foreclosure Resource Certified) Designation from the National Association of Realtors. We can guide you through the steps of the Short Sale and recommend that you consult an Attorney and an Accountant before making any decisions.
Short Sale: Sale of a home for less than the amount owed on the mortgage.
Deed In Lieu of Foreclosure: When the borrower deeds the home back to the lender in exchange for the release of all obligations under the mortgage. Both sides must enter into the agreement voluntarily and in good faith.
Ask Cathy Marketing Group, LLC is a certified Short Sale Expert with the SFR (Short Sales and Foreclosure Resource Certified) Designation from the National Association of Realtors. We can guide you through the steps of the Short Sale and recommend that you consult an Attorney and an Accountant before making any decisions.
Call us TODAY to get started!
STEP 2: Short Sale Information
| What to Expect | Do's & Don'ts |
| Helpful Resources | Benefits & Pitfalls |
| Options for you? | Short Sale Packet |
