S.O.S.

BEFORE FORECLOSURE:  Leave no stone unturned!  There may be options that you haven’t thought of.  Help is available from professionals who can analyze your specific situation and make suggestions. 

IN FORECLOSURE:  You may not be able to avoid foreclosure at this point, but you can take steps to cushion your fall and aid in a faster financial recovery.  It’s important to get personalized assistance to minimize damage. 

I am a Certified Mortgage Planning Specialist – TM with many partners skilled in credit, legal and financial issues.  We would be happy to assist you with valuable insight.  Call me for a free and confidential appointment: 805-418-1828

REGROUP

UPSIDE DOWN IN THE HOUSE?  If you bought zero down or removed all your equity and now want or need to move but can’t sell, you may not be stuck.  Many people who were planning to buy homes can’t qualify with the disappearance of so many loan programs…they were prepared to pay a mortgage and will now have to rent. 

Let’s look at your entire situation and determine if it’s possible to turn your current home into a rental while still allowing you to relocate or move-up.

PLAN B

If you have recently lost the ability to qualify for a mortgage, take heart.  There are many steps you can take to improve your credit score and overall financial situation in as little as a few months. I work with experts every day and have tools and systems in place to help you make changes.  Let’s take some time to go over where you are and determine where you can be in 6 months or a year. 

SAFETY NET

HOME BUYERS:  If you’re already involved in a transaction, it’s a great idea to get a “backup approval” from a reputable lender in case anything goes wrong with your current lender.  I would be happy to provide you with this service even if you move forward and close with your current mortgage company.

HOME SELLERS:   Talk to your agent about requiring a deadline for the buyers to have “final approval.” This is above and beyond a “pre-approval.”  It would also be wise to require the buyers to obtain a back-up approval.  I would be happy to provide that service to help aid in the security of your transaction.

BONUS

Take advantage of supply and demand!  There are many homes on the market and the number of renters is increasing! 

SUPPLY:  Builder discounts and anxious, motivated sellers of existing homes make prices favorable. 

DEMAND:  The rental market is improving rapidly because many who were planning to buy can not get financing under stricter lending guidelines and must wait and RENT. 
Many of those entering the rental pool were planning on paying a mortgage and will likely be looking for single family or other non-apartment dwellings.

I would be glad to help analyze your situation to determine if investment property is a good choice for you.  I work with a great team that specializes in investment property and helping people build wealth over time.  It’s important not to bite off more than you can chew as well as to know when to jump in!