foreclosure solutions: general advice
Today more lenders are considering ways to help homeowner’s avoid foreclosure. Our web site outlines 8 options for avoiding foreclosure.
- Make Back Payments
- Create a Repayment Plan
- Loan Modification
- Short Sale
- Sell the Property
- Rent the Property
- Deed in Lieu of Foreclosure
Homeowners should contact a professional such as the lender’s customer service department, an accountant, attorney, or real estate agent who has specialized training about how to avoid foreclosure.
Guarantee Real Estate Short Sale Specialists can assist financially troubled property owners by helping them:
- Obtain lender approval for a Short Sale
- Determine the value of their property
- Sell their property
Agents with the Guarantee Short Sale Specialist (GSSS) designation have extensive training and experience in helping homeowners successfully sell their properties. They understand the options, solutions, and effective methods for assisting homeowners facing hardships. To learn more:
Click on the Guarantee Short Sale Specialist Agent tab
- Contact us to be referred to a Short Sale Specialist Agent in your area
Homeowners will need to prepare a Financial Statement that demonstrates their inability to continue making payments. See Preparing Your Financial Statement for a sample of documents that will be necessary.
They will also need to determine a current opinion of the property’s value. Guarantee Short Sale Specialist (GSSS) agents are prepared to provide homeowners with a market analysis. This comprehensive report is provided at no cost to the homeowner.
If a homeowner is behind on their payments, they should be particularly aware of the time frame that most foreclosures follow. While timeframes may vary depending on decisions made by the lender, the Foreclosure Time Line outlines the steps of a foreclosure in California. Time is of the essence in reaching a satisfactory solution to a mortgage payment problem.
IMPORTANT NOTICE: Guarantee Real Estate is a real estate broker. The service we provide is to assist in the sale or purchase of real property. We do not negotiate with lenders in an effort to modify mortgages. It is strongly recommended that you seek appropriate professional tax or legal counsel regarding the transfer of real estate. Guarantee Real Estate is not associated with the government and our service is not approved by the government or your lender. Even if you use our service, your lender may not agree to change your loan. If your home is listed for sale, please do not consider this as a solicitation to list your property.