Bankruptcy Has Hidden Costs for Home Owners –
Linda Craft & Team, REALTORS® Offers Free Advice

RALEIGH – Bankruptcy may be a way out of crushing debt for homeowners in a distressed economy, but there are hidden costs and possible alternatives to consider before proceeding. Linda Craft & Team, REALTORS® ‘s dedicated foreclosure website, www.raleighrealestateforeclosures.com, has a new report offering details on these options ahead of bankruptcy. 

“Our ‘Resources’ section offers the real story about how bankruptcy can affect you and your home,” said REALTOR ® Linda Craft. ”The report details the personal, emotional and financial costs you should consider before declaring bankruptcy and the toll it will take, not only on your home, but on your life as well.”

One bankruptcy-alternative discussed in the report is a short sale, where the home is sold for less than the mortgage amount owed. Homeowners may even be able to recover some equity in a short sale.

The Real Estate Foreclosures website also features other resources available to families facing tough choices about their homes, and background on how a Certified Distress Property Expert (CDPE) like Linda Craft can be of service.

The CDPE designation means Craft is certified to present options available and can recommend the best way for homeowners to act before they start struggling with mortgage payments.

About Linda Craft & Team, REALTORS®

Linda Craft & Team, REALTORS®, the Triangle’s Top Ranking real estate firm and Corporate Real Estate Sponsor for the Carolina Hurricanes has been helping individuals and families find a place to call home in all price ranges for over 25 years. A Certified Distressed Property Expert (CDPE) and Certified Residential Specialist (CRS), Linda Craft has helped over 5,000 people maximize profits and minimize costs in the sale or purchase of a home. Whether you are buying your first home, dream home, investment property or need to sell for the highest value, the Linda Craft Team has the experience you need to achieve your real estate goals in the Greater Raleigh Area. For more information, please call 919.235.0007 or visit www.lindacraft.com.

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