Orlando Short Sales: Don’t Stress Out Over Financial Problems

by on September 26, 2012 in Short Sale

If you are in financial trouble, then I’m sure you’re worried. Here are a few things I see people worry about that aren’t as bad as they think.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Financial Worry #1: We could be forced to move out of our house at moment’s notice. If you own your house, then I have some good news.

Most lenders are taking 6-12 months to file foreclosure. The debt collectors don’t always tell you the truth. Many get paid bonuses based on how much they collect. That encourages them to stretch the truth.

They might tell you the foreclosure is going to filed next month. Yes, even if it’s not true. Here is the other good news. It can take months for a foreclosure to go thru.

The court system is bogged down. Judges are busy. The foreclosure lawyers are busy. This means it takes a long time for a lender to foreclosure.

Financial Worry #2: I owe someone money. They could get a judgment against me and take away everything. Yes, they might very well be able to get a judgment against you.

However, many judges are dismissing these cases. You can’t squeeze water out of a stone. You can’t squeeze money from someone who doesn’t have it.

Even if someone gets a judgment, they still have to collect it. Collecting on judgments is hard. That is why around 80% of all judgments are never paid off.

Even if they garnish your wages, many states have exemptions. You can contest the garnishment. You can file that you have children or a family to take care of.

Or, you have absolutely necessary bills (such as a car payment for a car to drive to work). You then show you aren’t making enough money to pay the garnishment. The judge will often cancel the garnishment.

Financial Worry #3: A debt collector will take my dog, car, or garnish my wages. I remember hearing a caller on a national talk show. A debt collector had threatened to take away her dog.

She was scared they were going to. Here is the problem. Debt collection employees will use all kinds of threats. The problem is there are federal laws in place to protect the public.

These laws are called the Fair Debt Collection Practices Act. Threatening to take someone’s dog is illegal. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at tom.mack@exprealty.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 407-359-2220

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Orlando loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Tom Mack.

Tom is a Real Estate Agent at eXp Realty. Orlando Short Sales Realtor:

Phone: 407-359-2220. tom.mack@exprealty.com.

View My homes for sale at.

Tom Mack specializes in loan modification assistance and short sales in Orlando Florida. Orlando Loan Modification Help, Orlando Short Sales. Orlando Short Sale Realtor. Altamonte Springs FL Short Sale Realtor. Casselberry FL Short Sale Realtor. Lake Mary FL Short Sale Realtor. Longwood FL Short Sale Realtor. Oviedo FL Short Sale Realtor. Sanford FL Short Sale Realtor. Winter Park FL Short Sale Realtor. Winter Springs FL Short Sale Realtor. Apopka FL Short Sale Realtor. Eatonville FL Short Sale Realtor. Maitland FL Short Sale Realtor. Ocoee FL Short Sale Realtor. Orlando FL Short Sale Realtor. Windermere FL Short Sale Realtor. Winter Garden FL Short Sale Realtor. Kissimmee FL Short Sale Realtor. Orlando FL Short Sales. Orlando Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Tom Mack, eXp Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Tom’s personal views and do not reflect the views of eXp Realty.

This information on Orlando Short Sales: Don’t Stress Out Over Financial Problems is provided as a courtesy to our viewers to help them make informed decisions.

 

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