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Louisville Real Estate Agents wish you Happy Holidays!

by Bob Sokoler

We know 2009 was a tough year for many people throughout the United States! We've been working with a number of homeowners who are facing foreclosure. As advanced CDPE (certified distress property experts) we know first hand, the problems! On a good note there are solutions to those problems, we can help. We took time from our team holiday brunch to think about those who are having a rough time.

 

Avoid Foreclosures... let us help you with a short sale!

by Bob Sokoler

Facing a foreclosure? We can help! We're C.D.P.E. (Certified Distressed Property Expert) trained, and helping homeowners sell their home before a foreclosure with a short sales is a part of what we do. We have a proven team in place that can get you out from under the threat of a foreclosure. All you need to do is call (502) 376-5483 or go to www.weselllouisville.com 

 

A Foreclosure is not an option, get short sale help!

by Bob Sokoler

Did you know that 7 out of 10 homeowners facing foreclosure never get help from their lending institution to work out a payment plan, or a realtor who can help sell their home in a Short Sale.

The problem is going to get worse as more and more homeowners are heading towards foreclosure. A new article published on Housingwire.com  has the title Subprime Mortgage Delinquencies Building, Again”. The article points to another wave of upcoming foreclosures. Help may be coming is some form, an article published yesterday on Inman.com says nearly $4 billion in federal grants will be spent to help state and local governments buy foreclosed and abandoned homes The big problem is that for thousands of area homeowners in financial trouble, foreclosure may seem like a viable option. STOP! Before you make that decision you need to know the consequences of a foreclosure on your personal life (yes I said life) and the alternatives.

Foreclosure will affect you for years to come. For example:                  

1)    Some employers now run credit checks on their employees and a foreclosure can put your current position in jeopardy!

2)    A foreclosure is one of the top items that will put a potential new hire in jeopardy if the perspective employer runs a credit check.

3)    If you have a security clearance or government position or you’re in military or law enforcement a foreclosure could affect your status, you may be shocked to find out your job or clearance could be in jeopardy.

4)    You’ll have to disclose the foreclosure on any mortgage and many job applications.

5)    A foreclosure can haunt you for years, starting with your credit scores being lowered by 300+ points.

6)    You’ll be ineligible for a government insured loan for 5 to 7 years (only 2 years in a short sale).

7)    You may end up with a Deficiency Judgment (the mortgage company can still attempt to collect the money they lost from you).

Need help? I’m a realtor at RE/MAX Property East and a C.D.P.E. Certified Distressed Property Expert.  Visit http://www.LouisvilleShortSaleHelp.com or Contact Bob at http://www.weselllouisville.com/ or bob@bobsokoler.com.

Displaying blog entries 1-3 of 3

Contact Information

Photo of The Sokoler- Medley Team Real Estate
The Sokoler- Medley Team
RE/MAX Properties East
10525 Timberwood Circle Suite 100
Louisville KY 40223
502-376-5483
502 992-4137
Fax: 502-719-8152