Facing Foreclosure?
Facing Foreclosure?
You Have Options!
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Traditional Retail Listing
Rent or Lease to Own
Bank Repayment Plan, Forbearance, Loan Modification
Private Money Lenders
Short or Medium Term Bridge Loan
Sell Quickly to a Cash Buyer
Getting bombarded by calls?
Have you been overwhelmed by phone calls, emails and letters from people who only want to buy your home?
Our goal is to learn what YOU WANT, assess the best realistic path, then help you understand the options and make the best decision based on your situation.
This MIGHT mean selling your home; it may mean simply buying some time; it could mean moving forward to the next step in life; or we may be able to help you keep your home. Regardless of the path, you will leave our meeting with a plan in place.
WE CAN HELP! Delaying and ignoring your situation will result in a more difficult outcome, so call now!
Call 949.326.4087
justin@wasatchequitygroup.com
I Understand the Weight of Foreclosure!
I Understand the Weight of Foreclosure!
Hi, my name is Justin Montoya. That's me and my babies back in 2008. We had just purchased a beautiful home in Aurora, Colorado.
A few months after closing, the market crashed and I was unexpectedly transferred to Utah. We listed the home and tried to sell; unfortunately, what had been 6 figures in unrealized "equity" became nearly the same amount in the red. My wife and I struggled to pay 2 mortgages for 8 months, but we could not sell - or even rent - the house in Colorado. At that point, we made the hard decision and walked away from our home.
I share this because I understand the heavy burden of facing a foreclosure; that is why I make it a priority to help families facing this situation. I wish I could go back to 2008 with the knowledge I have now; while I can't do that, I can help you explore options available and open up opportunities you may not know exist. Though it is the obvious solution, selling isn't the only - or the best - option for everyone. Contact me today. Let's meet to discuss the options available to you!
Life Can Hit Hard!
Life Can Hit Hard!
Bad things happen to really good people EVERY.SINGLE.DAY! Maybe a tough circumstance like a medical hardship, layoff, divorce or some other situation put you in this difficult predicament. It's important to know that you should not let fear or embarrassment impact your ability to find a solution. Having been through plenty of life's ringers beyond my control, I promise there will be no place of judgment; just an earnest desire to help you find the best solution!
Just know that ignoring the problem is making a decision. Delaying action is making a decision. All too often, these decisions end up with the police knocking on doors to evict good people. They result in losing the chance to save your home and credit or walk way in a far better financial situation. Don't Delay, reach out today!
Foreclosure Consequences:
Carnage to your Credit
Inability to get a new qualified mortgage for 3-7 years (for relative comparison, bankruptcies allow new FHA loans in 2 years).
Taxable "forgiven" debts - if the bank forecloses and sells your house for less than you owed, the IRS may count the forgiven debt as taxable income.
Living situations will be hard to find - landlords are hesitant without a very large deposit
Relationships with neighbors may be strained.
Future Career Impacts - many companies run a comprehensive background check. They may see a foreclosure as a risk factor without giving you a chance to explain.
Impact to your family, particularly children - they feel the stress, they see your burden and then they are forced to overcome a drastic change in their living situation.
Medical and Mental Health can be severely impacted by stress and strain.
Things to Consider:
Your Immediate Finances
Your Long Term Finances
Where you will live (whether stay or find somewhere new)
Impact to your Credit
Your Current and Future Living Situations?
Timing and where your bank is in the forclosure process.
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