Short Sale Question: I Had A Temporary Income Problem. Do I Still Need To Sell My Home?

Are you in a situation where your income dropped for a few months and then went back to normal? During that time period, you got behind on your mortgage and other payments. Need not to worry because this isn’t a doom and gloom problem. Many people missed payments for up to several months and still kept their home. How? Their lender simply forgave the missed payments.

Here is the key: Convince your mortgage company that you can still afford your home. You will need to prove a couple of things: First, that the problem that caused your mortgage payment disruption was clearly beyond your control. An example of this could be an illness, temporary disability, or injury. Then, you will need to prove that you are now in a good position to stay current on your payments and make some progress towards repaying the unpaid amount. You will need to convince your mortgage company that you’re back on your feet financially and that you will be able to make your payments without a struggle.

If you are in this situation, do not wait for your home to be sold without exploring the options available to you. Please contact me for more information on my free loan modification guide that will help you with a Forebearance or Loan Modifcation. I can help you short sale your property and get back on your feet. Send me an e-mail at jmaruri@hlrusa.com. You can also call me at 619-392-1550. When we talk, I will explain how the process works in detail and answer any questions you may have.

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