Short Sale Avengers

The federal government has just unveiled a new website that enables homeowners to learn if they are eligible to participate in the $75 Billion “Making Home Affordable” loan modification and refinancing program.

The government’s site www.MakingHomeAffordable.gov provides information on how this program works and who is eligible for assistance. Below is a summary of the information that is needed in order to determine whether assistance will be available:

• First mortgage information (balance, payment amount, interest rate, etc)
• Second mortgage or home equity line of credit information
• Credit cards account balances and minimum monthly payments due
• Account balances and monthly payments on all your other debts such as student loans and car loans
• Your most recent income tax return
• Information on your savings and other assets
• Information on all monthly “gross” income of your household, including recent pay stubs
• A (hardship) letter describing circumstances that caused your income to drop or expenses to rise, if applicable (i.e. job loss, divorce, illness)

If you believe you may qualify for the new “Making Home Affordable” Program and are interested in the possibility of getting your current mortgage balance and/or monthly payment lowered, then contact our office today by email at jeff@scislow.com. Our appropriate Team Member will be in touch to assist you.

In addition, our Team is able to assist homeowners SELL their homes when the market value on their property has fallen below the current mortgage value and they no longer wish to remain in the property. In such cases, our experience in consummating a “Short Sale” on behalf of the homeowner has been exceptional. For owners who have fallen behind or can no longer keep up with mortgage payments, the Short Sale option is oftentimes the best solution; one which will enable the homeowner to sell and to Avoid Foreclosure.

We are able to assist homeowners anywhere in the nation with referrals to qualified Short Sale experts in their marketplaces. For those living in the Twin Cites of Minneapolis – St. Paul, Minnesota we are able to personally assist with the Short Sale of their home or investment property. Please contact us by email at jeff@scislow.com or attend one of our seminars for additional information.