You can avoid foreclosure! First we are going to go through some general information regarding how to avoid foreclosure and then focus in on how as a for sale by owner...
There are 3 additional reasons why selling your home by yourself is especially helpful when you are trying to avoid foreclosure:
1. Economists have shown that despite what the National Association of Realtors has said, FSBO'S get more money for their homes. Why? Because FSBO'S are more motivated than realtors to get that last $1,000 or $2,000 or even more. Realtors want the deal done and a certain X amount rather than hold out for that extra;
2. While real estate agents may have more experience selling houses than you do, they have no more experience selling your house than you do; and
3. Foreclosure is a scary place to be and it also undermines a person's confidence no matter how the threat of foreclosure came a bout. Wouldn't it be just great to be able to regain the control and confidence you deserve by taking the bull by the horns and avoiding foreclosure by selling your house by yourself.
More information for the For Sale By Owner seller
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For people who cannot afford their monthly payments and cannot refinance, and who owe more than their house is worth, a short sale may be the answer. More about short sales in a moment. Deed in lieu seems preferable. In deed in lieu, you deed your house to your mortgage lender and that ends the foreclosure process.
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Posted by: John | December 06, 2007 at 10:56 AM