3 First Steps To Foreclosure-Proof Your Home
A real estate brokerage that doesn’t like to sell real estate?!⠀⠀⠀⠀⠀⠀⠀⠀⠀
Let us be clear:⠀⠀⠀⠀⠀⠀⠀⠀⠀
• We don’t like seeing homeowners sell their homes when they don’t have to/desire to sell their home.⠀⠀⠀⠀⠀⠀⠀⠀⠀
Being under duress, forced to sell a property that they worked hard to purchase, maintain, and/or have future plans for their loved ones is a sad, unfortunate position 🙁 . ⠀⠀⠀⠀⠀⠀⠀⠀⠀
We would rather assist such homeowner with methods on how they may keep their property and use it as a tool for building generational wealth, achieving its intended purpose.⠀⠀⠀⠀⠀⠀⠀⠀⠀
It’s bigger than simply selling real estate for us at Platinum Realty.⠀⠀⠀⠀⠀⠀⠀⠀⠀
Here are 3 tips a homeowner should consider if they sense foreclosure is looming:
1. DON’T IGNORE NOTICES
Open the letters that are delivered. Read the emails that are sent.
Throwing away notices sent by your mortgage lender can mean missed:
• interest changes, and
• opportunities for negotiation.
2. SCHEDULE A MEETING
Sitting down with your loan officer can convey an entirely different message from a reply email. You get to control the tone, the message that you are conveying when another person can hear your voice and see you in person. Don’t allow fear and suspected judgement to hold you back from a face-to-face meeting that can help you save your home.
When did everything start to make a downward turn?
Was a key income source halted?
Did a joint mortgagor pass away?
The quickest way to halt associated worry and anxiety is to located its source.
Once you can identify the source, you can start to identify resolutions.
Remember to also reflect on what did work to help you stay on top of (or, even ahead) of your payments.
I’ve met, worked with several sellers over the 20+ years.
I’ve helped them to create short and long term real estate investment plans to help them to purchase and keep their homes.
Consider the 3 tips I’ve shared above.
See the now, plan for the future, then make your real estate decision accordingly.
I hope this has helped you.
Broker with Platinum Realty
Our goal is to Educate, Equip, and Enrich our clients for success along their journey (and sometimes, that includes helping them to keep their property, too).
If you are a Seller and are finding yourself in a position to have to make a ‘Sell or Keep’ decision, connect with a real estate agent who is knowledgeable, experienced, and is willing to assist you.
We, at Platinum Realty, are equipped to do just that!
We bring 20+ years of experience in real estate and the financial services sectors to each transaction.
What does this mean for you as a prospective seller?
It means that you get to work with a real estate agent who is focused on you, helping you with your home-selling needs versus just banking a commission check.
Do you need help deciphering your next step?
Are you in the market to restructure your real estate portfolio for the next phase in your life?⠀⠀⠀⠀⠀⠀⠀⠀⠀
Let’s strategize your way to selling your property with as little to no stress as possible.
REAL ESTATE AGENTS WHO EDUCATE.
That’s us! That’s Platinum Realty!
We hope this post helps you with your home-selling process.
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