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By allowing your home to be foreclosed, you are inflicting unnecessary irreparable damage to your credit and financial future.

• You will now have to disclose your foreclosure on all future loan applications
• You will have to wait a period of 5 years in order to be eligible for a home mortgage loan.
• Your foreclosure is now recorded on your credit report, making it difficult to quality for any loan.
• You will owe and are responsible for any back property taxes.
• You still owe and are responsible for any back HOA payments.
• Your family will either move voluntarily or face a possible Sheriff Eviction.

In lieu of allow your home to be foreclosed, the real answer is executing a short sale.  These are the benefits of executing a short sale:

Mortgage Relief Act HR 3648 states that owners are not responsible for any losses a bank experiences due to a short sale.

all back property taxes are paid in full at the close of your short sale, eliminating any financial responsibility.

New FHA loan guidelines allow homeowners to qualify for a new home mortgage after a successful short sale.  At the time of qualifying you will have to have no mortgage lates for the past 12 months.

You will not have to disclose your short sale on any loan applications.

There will be no public Sheriff Eviction.  You will be able to stay in your home until your short sale closes.

This way you can save up additional monies.

All or most back HOA payments will be paid at the time of your short sale.

IF YOU DON'T CALL ME I CAN'T HELP.  LET ME AND MY TEAM HELP YOU. CALL 626-388-1500 TODAY.