A Good Deed newsletter -- Articles of Frequently Asked Questions
Articles written by Val J Aranda, REALTOR. If you have general real estate questions or article ideas, send them to me. I'll be happy to answer your questions and publish them in next month's issue. (You may request to remain anonymous)
4 Out of 11 Active Listings in Tara are Under (or going through) Foreclosure!
If you are experiencing financial hardship and facing foreclosure, SEEK HELP NOW! Don’t feel embarrassed to ask for guidance. Bad things happen to sincere, hard working people. There are resources and programs available to help you! DON’T WAIT TOO LONG! The sooner you seek help, the sooner you will be worry-free. Call 210.378.5987. I’ll lead you in the right direction!
NOTE: Beware of scam-artists! According to a recent news report on KSAT 12, homeowners are losing the Title to their own home without even realizing it. If someone offers to relieve you of your Mortgage responsibilty for a lump sum of money and your signature… seek legal advice and read the fine print! Chances are you’re being scammed!
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The Short Sale Rave in San Antonio
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Short Sale: When the Mortgage Company accepts a payoff for less than what is owed.
Short Sale Scenario: A homeowner is falling behind on their mortgage. They either do not have the desire nor the means to pay off the debt, so they decide to sell the property to satisfy the mortgage. If the mortgage payoff (less closing costs to sell the house) is more than the value of the property, the Lender may consider a "short sale." The short sale would be slightly more profitable for the Lender rather than going through a foreclosure process.
“How Do I Qualify For A Short Sale? “
Talk to your mortgage lender. They will discuss the options available to you. Their Loss Mitigation department may ask you for current pay stubs, W-2’s and other documents to prove you are going through a financial hardship.
“I’m Going Through a Divorce and I Can’t Afford My Mortgage!”
Let your Lender know right away! The sooner you start looking for help, the more likely they'll be willing to help you.
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"A Good Deed" is a monthly publication mailed to Tara Residents (78251). If you have not received your issue in the mail, but would like to, please send your mailing address today (please type "A Good Deed Subscription" in the subject line) --or-- Fill out the form below. We'll mail this month's copy and we will include you in our future mailings.
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