Do you know anyone who’s going through a foreclosure? Here’s our advice.
In real estate, foreclosures are the dreaded “F word”. We won’t be getting into the details, but the number of foreclosed homes is currently on the rise, so if you or someone you know is going through one, remember that you have options now unlike in 2008.
Back then, if you were behind on your mortgage, your house’s value would drop, and you’d be stuck. Now, even if you’re behind on your payments, your home has likely appreciated, which means you have choices.
Instead of losing your house and the equity you have on it, here’s what you should do: Don’t be ashamed of your situation. After all, life happens. Instead of choosing to ignore what’s happening, it’s better to deal with it by reaching out to your trusted real estate professional. This way, you can make at least a bit of money instead of losing it all.
All our meetings are confidential. You can always reach out to us by giving us a call or sending an email. Let’s figure out a plan and help you get out of this situation.