Have you ever wondered why some foreclosures sit on the market for what seems like forever and others are foreclosed on right away? The homeowner who has diligently paid their mortgage on time year after year and have built up equity in their home are foreclosed on first! The bank sees the value and plans to make back their money AND get your equity when they auction off your home.
Other homeowners who have little or no equity are allowed to remain in the home without payment sometimes for years! Banks know they will reduce the incidences of vandalism and have someone who may keep up the home for free if they are allowed to remain. It also allows the market to appreciate over that time so that a future sale will be more profitable for the bank.
Then, if that’s not enough, the IRS will charge you income tax on the loan amount
Unfortunately sellers lose their home and their equity to banks all the time and then have the double jeopardy of having to pay an additional tax in already distressed situation.
You have options the bank doesn’t want you to know about. I can help. Call me or go online here and answer a few questions, and I’ll work with you to get what you want for your home and get you moving forward again. I am a REALTOR®, but this is not about listing your home for sale. I am also an investor and this is about getting you what you want for your house, helping you prevent foreclosure and the taxman. Don’t wait until you’re more than two to three months behind. Then, it’s much harder to help you get what you want for your house.
Please call me as soon as you know you can’t make your payment. I’ll ask a few confidential questions by phone to see if my team and I can help, and schedule a visit to see your property. Call or email me today. Click this link to see the questions. My team and I can help you prevent foreclosure, the taxman and get you moving forward.
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Here’s a testimonial from a loyal fan:
‘Chrystal, your experience and professionalism helped me prevail through difficult times in the listing and sale of my long-time family home.
From creating professional marketing materials including onsite brochures, online photo tour, and email blasts, promotion of my listing through Twitter, Facebook, LinkedIn and YouTube.com, to showing the house 6 of the 24 times it was shown, you were on the job.
After the property was under contract, your previous experience and successful resolution of similar problems discovered during the home inspections helped me work through a difficult transaction that included a breakdown in communications, unexpected property conditions and lender required repairs, and keeping the buyer on track with lending requirements and in love with the house until closing.
I couldn’t have done it without you. It’s my pleasure to recommend your real estate services to everyone I know.’
Tony Sweatt, Fort Mill, South Carolina