Denver Real Estate Foreclosure Assistance
Families move every day, and it can be a positive experience. However, when financial pressure destroys credit, embarrasses the family and strips an owner of dignity, it seems tough to imagine a positive outcome.
That’s where we s
tep in. Our team of Denver real estate agents assist homeowners when foreclosure is a threat.
Many Denver homeowners believe their options are limited, because they owe more than their house is worth. In this case, the sale of the home is called a “short sale”, and it’s a great way for a seller to regain control of the process of moving from one home to another.
When mortgage lenders agree to do a short sale in Denver, it means the lender is accepting less than the total amount due. Years ago, lenders hesitated to accept short sales; today it is routine.
When you are ready to take control of your situation, call us at 303-718-4148.
We will give you a packet of information and we will assist you through the steps to begin the process for the short sale of your home. Take control of your next move. Call us today.
As Denver real estate agents, we are not licensed to practice law and we are not tax accountants; we cannot advise on legal or financial consequences. The Mortgage Forgiveness Debt Relief Act of 2007 provides some relief to distressed homeowners, but you should be aware the I.R.S. could consider debt forgiveness as income, and there is no guarantee that a lender who accepts a short sale will not legally pursue a borrower for the difference between the amount owed and the amount paid. In some states, this amount is known as a deficiency. Our clients are advised to consult their attorney and tax accountant for legal and financial guidance.