Stop Foreclosure and Save your Credit at the Same Time

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<h1>Stop Foreclosure and Save your Credit at the Same Time</h1><strong> Author: <a href='http://www.articleseen.com/profile_Jules Henri.aspx'>Jules Henri</a></strong><br /><p>More and more individuals are finding themselves nearing foreclosure and want to avoid damaging their credit but honestly cannot afford their monthly mortgage payments. The answer is a short sale. A short sale is an arraignment made between you and lender prior to foreclosure in that the lender will allow you to sell your home for less than the amount you owe on the loan. Foreclosure has always been a taboo subject as those that lose their home are looked down upon, however, with the economy in the same it is in at this time, banks that certainly did their part by putting families in homes they could not afford, and others being laid off or fired due to the economy, no one should be ashamed if they are facing foreclosure. The answer is to solve your problem so you can hold on to your credit score before you lose everything. Finding a reputable real estate agent that is willing to negotiate with the lender on your behalf is half the battle. A good real estate agency will research your mortgage loan to determine if a short sale is the best answer in your situation. In cases where the individual has no equity in the home or if more is owed on the home than it is worth, a short sale is the best option. Negotiations with the lender of course will not be easy as the lender will want all the money that is owed on the home, but with a talented and experienced real estate agent, they will be able to work through the problems so you can walk away with your credit in tact. In some cases, the real estate agent will even be able to convince the lender to pay all sales costs, title fees, and escrow among other fees. If you are having problems paying your mortgage, there are a few no-no’s you should avoid such as paying your mortgage with your credit cards, borrowing money from family and friends, take money from your retirement fund, receive cash advances from your employer, and seek other loan options to help you pay your mortgage. The answer to your problem if you live in Florida is Florida Short Sale Services. They offer you several reasons that you should opt for a short sale including no upfront money, no fees, will eliminate your mortgage debt, you can stay in the home while negotiations are done without paying the mortgage payment, all closing costs and other fees are paid by the lender, avoid foreclosure, thus save your credit, avoid bankruptcy, and more. If you decide a short sale is in your best interest, do not fall prey to scams. Talk with a professional realtor that has worked with others during the short sale process. Never talk with a stranger at your door about your buying your property. Remember, the legal foreclosure papers are public record and there are those out there that will not work in your best interest. Remember to work only with Licensed Realtors. </p><strong>About the Author:</strong><br />FL Realty Agents is your answer for finding a <a rel="nofollow" href="http://www.flrealtyagents.com/SE_Florida_Short_Sales">Florida Short Sale</a>, <a rel="nofollow" href="http://www.flrealtyagents.com/Miami_Short_Sales">Miami Short Sale</a>, or a <a rel="nofollow" href="http://www.flrealtyagents.com/Palm_Beach_Short_Sales">Palm Beach Short Sale</a>.<p> Article Source: <a href='http://www.articleseen.com/Article_Stop-Foreclosure-and-Save-your-Credit-at-the-Same-Time_1761.aspx'> http://www.articleseen.com/Article_Stop Foreclosure and Save your Credit at the Same Time_1761.aspx</a></p>

Article Source : http://www.articleseen.com/Article_Stop Foreclosure and Save your Credit at the Same Time_1761.aspx

Keywords : Florida short sale, South Florida short sale, Florida short sales, short sales in Florida,

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