How did this happen to me?

Real estate ownership is known to be one of the greatest investments. But at this point in time, it can be devastating.

With the changes in the changes in the economy, everyone is suffering. Anyone that has a job today can be in the same position as many others that were in that same comfort zone.

Many people are facing sever economic distress at this time in our country. it is really hard to imagine that just a few years ago, we were doing just fine. It is cyclical. Every few years, there is a twist in economy and just about everyone suffers from it.

I, personally, recommend learning all you can about your money and how it can work better for you. Read! Read! Read! You can never be too smart about your money and the future of your money!

 What is HAFA? FED Program to help you short sael faster and give you $3000 at the close of the sale- do you qualify? Is your lender a member of the program--- read more  through the REALTOR.OEG website.

HAFA  http://www.realtor.org/government_affairs/short_sales_hafa

Below are some sites that may help you understand and know more about Short Sales.

http://www.cdpe.com/what-is-a-short-sale.html  What is a short sale?

http://www.foreclosurelaw.org/Colorado_Foreclosure_Law.htm Colorado Laws

http://www.cdpe.com/home-affordable-links.html  FED program to help homeowners stay in the home.

http://www.cdpe.com/foreclosure-avoidance-options.html Options to foreclosure

Now, back to your situation. You are in trouble. What do you do? How do you recover? How long will this take? How long will it last?

First, examine your situation and tighten your belts. You will learn to make cutbacks and realize there is no real bailout available. Grab some paper and your bills. Examine every last expense- define the difference between your necessities and your luxuries. What do I really need? Tough to do, yes. Can you do it, yes!

Once you have a grasp of the changes to be made, implement a plan to execute the changes and stick to it. It will take some adjusting and EVERYONE must participate to be effective.

It is all common sense! Yeah, right! This is a great way to teach yourself and the rest of the family how to make common sense choices about their money and how to manage it for life.

What can a realtor do to help me with my situation?

I am a CDPE! What does that mean?  Professional designation for real estate agents to obtain through training. Certified Distress Property Expert or a professional short sale expert with 5+ years experience in saving troubled homeowners from having a FORECLOSURE on their credit . In addition to this, I care about to a homeower and their future.

First, if you are in default with the mortgage payments to your lender, a realtor can explain your options and help you understand what the long term effects can have in regards to your home and your credit.

Second, a realtor can negotiate the sale of your home through a short sale process. Unless you have equity in your home, this is the most common method used to avoid foreclosure. This can aid your future credit from the long term scar of a foreclosure.

Third, a realtor can discretely and competently work with the banks to negotiate the short sale process and save you all the work and worry. It is tedious and very drawn out. But it can be done.

Fourth,

If you are interested in learning more about the Short Sale process needed to preserve your credit and good name--------- please fill in your name and contact information for a follow-up call and appointment! Go to Contact Me for the form!

Thank you!