When someone files for chapter 7 bankruptcy, one of the biggest decisions that they will make is whether to try to save a primary residence if the mortgage payments are not current. In most cases, if a debtor is behind on payments and "includes their home" in the bankruptcy, the mortgage loans are discharged. What this means is the bank or lender cannot come after the debtor/homeowner for any monies with regard to the mortgage.
However, the bank will need to get the house back, because the homeowner agreed to "surrender" it. This is usually done by way of a foreclosure.
It is more harmful to have a foreclosure on a credit report than having a short sale, and it takes a longer period of time to get your good credit rating back when you have a foreclosure instead having a Short Sale on the credit record.
This is where we come in.
We will negotiate a short sale on your house, (for FREE) and help you get your life back on the right track faster! Call us today at (407) 922-9257 or fill out this short form and we will be in contact you shortly.
We have over 25 years experience of negotiating short sales. We can help you get your life back on the right track faster than you thought.
Give us a call today (407) 922-9257 or email ryan@simplychosenconsulting.com
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