Do know someone considering walking away from a upside down house? They have been told that is a real solution to their problem.
Chances are, you or someone you know in Metro-Detroit is facing the possibility of foreclosure. You need to understand that you are not alone.
Today the buzz is about strategic default. That is walking away from an upside down property. That is the worst thing a person in that position could do. By leaving the lender holding the bag, or house, as the case may be the lender may pursue a deficiency judgement. This means when the house is finally sold the seller may be able to come after the former homeowner for the shortfall of the sale.
A deficiency judgement can result in garnishment of wages for years to come. This no more strategic than a train wreck.
Through my experience handling distressed properties at Front Page Realty, I've found that homeowners today have more questions than answers about their circumstances. I have created this site to help you understand the possible solutions to foreclosure, as well as provide a detailed explanation of short sales, which may be the best course of action for some homeowners.
There are always more options to the informed.
I heard there is a program offering a homeowner money to move by completing a short sale. Is that true?
What do I Do Right Now?
You may also have noticed that I'm offering you a FREE Report to explain your options and help you decide on a course of action. The idea of losing a home can be overwhelming, and I feel it is vital for you to have all the facts necessary to make an informed decision.
Look through this site. Ther are a lot of answers here.
As an agent with the CDPE® Designation, I have a strong and unique appreciation of the factors affecting the market, and know that there are options available to you.
After viewing some of the reports and information on this site, if you have a question or would like to meet with me for a private consultation to discuss your options, please call me at (248) 722-8454 or email me at firstname.lastname@example.org.
I am here to help … in any way I can.
Ronald L. Coleman
Front Page Realty