If you are facing foreclosure:

• Do not ignore the phone calls and letters from your lender. Talk to them! Keep track of all correspondence. Talk to a foreclosure prevention consultant. Do not sign your house over to an investor. Do not try to sell your property on your own. Time is critical. List only with a real estate agent who has extensive foreclosure experience. Do not file bankruptcy in the hopes that it can save your home.
• There are programs available through agencies such as the Farm Home Administration (FHA), Veteran's Administration (VA), and Housing and Urban Development (HUD) that are specifically designed for people in your situation. There are many non-government programs available as well.

Solutions available to you may include:

• Workout: There are professionals that can negotiate with your lender to bring your loan back to good standing. There are many options available to get workouts approved. See below:
• Loan Modification: Moving back payments and penalties to the end of your loan, voiding penalties altogether or permanently changing the terms of the loan.
• Forbearance: Arrange a payment plan based on your situation. This is typically used in the instance of a tragedy or temporary loss of employment.
• Refinance: You must have equity in the property up to 30% and have the credit and means to pay the loan back. Some lenders will lend money while in foreclosure.
• Sell the home: You may simply sell your home and pay off the loan. If you have equity we can list your home on the market and work to get the highest offer possible. If you need a quick sale, we can arrange for all cash, “As-Is” discounted sale that can usually close within 30 days through a network with over 140 investors.
• Short Sale: If you have no equity or owe more than the house is worth then I can negotiate a Short Sale on your behalf. Your lender may accept less then you owe on the loan to avoid a lengthy and expensive foreclosure process. They do not want your home!
• Deed-in-lieu: Simply sign over the home back to lender and walk away. The lender will have to agree to this. They can refuse this option and proceed with the foreclosure.
• Bankruptcy: This is the last resort. This will only delay the foreclosure temporarily. Eventually the house will be released and put back onto the auction block. This is like putting a bandage on a bullet wound.
• Foreclosure: This is the most damaging to your credit report. Next to bankruptcy, this will, for a very long time, affect your credit rating and your ability to acquire another home loan.

I work for you, not your lender. Did you know that a foreclosure stays on your credit record for 7 years? I specialize in helping people save their home from foreclosure and keeping the foreclosure off their credit report. The foreclosure process has a very specific timeline and the longer you wait, the fewer options you will have. The sooner we begin the better chance I will have of helping you.  You have the right to know all of your options.

Please call today for your confidential, no cost, no-obligation, no-pressure consultation.

For more information about foreclosures, please contact:

The Eddings Group

Joe Eddings, Realtor®
Certified Foreclosure Prevention Consultant
Residential/Commercial Real Estate
(425) 466-6900
Fax (425) 888-4631
E-mail:  joe@eddingsgroup.com

Caroline Loudenback, Realtor®,CDPE, SFR
Real Estate Professional
(206)948-3721
Fax (425)831-7532
E-mail:  caroline@eddingsgroup.com

www.eddingsgroup.com

Better Properties Real Estate - Snoqualmie Valley
202 W. North Bend Way  Suite C
North Bend, WA 98045

www.hopenow.com