Triangle Real Estate
To Pay or Not To Pay Your Mortgage?
In today’s economy, it is tough to decide what bills are the most important. If the decisions are to put food on the table or gas in the car to get to work versus paying the mortgage, then sometimes the more important decision wins. This may cause the mortgage payments to fall behind causing the lender to consider foreclosure. However, lenders do not want to be homeowners, so many are considering short sales instead of the long foreclosure process.
If this is the place you find yourself in, the first option is to pay all late payments and keep up the mortgage. If this is not possible, then consider your option of approaching the lender about a short sale. An owner of investment properties that are under performing, will have a hard time convincing the lender to accept a short sale. No matter what your financial situation causes you to consider, it is important to contact knowledgeable Triangle real estate professionals, the Linda Craft team of experts. They can help you determine what is right for you.
At Linda Craft & Team, REALTORS, we have a dedicated foreclosure resource site and full short sale department including attorney and 2 designations for CDPE. To get started, contact us today or check out the resources below:
Free Short Sale/Foreclosure Information
Linda Craft & Team, REALTORS do our best to provide you with current and accurate information. However, we are not attorneys or accountants. Please consult with your attorney or CPA for further information and how this information may affect you personally.