- Upside Down on your Mortgage

-Owe More than your Home is Worth

-Can No Longer Afford your Payments

I have been helping many people in your situation and have and have never last a home due to foreclosure.

            The economy is tough and homeowners all over are struggling to stay above water. Job losses declining property values, a mortgage that now exceeds the home’s value…all of these can create a financial situation that requires some tough decision making.

When you can no longer make your mortgage payment you have three options:

1. Loan Modification: If your loan payments are too high, loan modification might be an option for you. For example, you could qualify for a lower interest rate. Loan modification is a solution that enables you to keep your house with out negatively impacting your credit rating.

2. Short Sale: With a short sale, your bank or lender may agree to let you sell your home for less than the balance owed on the loan in order to help you prevent foreclosure and help the lender avoid a large loss on your loan.

3. Foreclosure: If a loan modification or short sale is not the right option for you, the next step is foreclosure. Foreclosure is where your lender takes over your property for nonpayment of the mortgage. In California, this can occur after two or three months of delinquent mortgage payments. Each lender’s guidelines vary.

That’s where we can help. With many years of experience helping our clients navigate through the process, we can work with you to understand your situation and help you choose the option that best fits your needs. We can show you how to negotiate with your lender. We can help you find a buyer for a short sale and help you get the best offer possible. And if foreclosure is your only option, we can work with you to help you take that next step.

These financial strategies are complex and you need someone you can trust. You need someone who has your best interests at heart and who has experience, expertise and the focus on delivering excellence that will move this process along for you quickly.

Call for a free consultation so we can help you get started down the right path.

Short Sale Beats Foreclosure on Credit Report

A “Foreclosure” is a court settlement process involving legal action and possible attorney fees.  A “short sale,” on the other hand, is a negotiated settlement with the lender-no attorneys required. Both show up on the borrower’s credit profile, but the difference between a foreclosure and a short sale is the difference between broken credit and badly dented credit. This short-sale consumer has better options much sooner in terms of buying another home qualifying for loans or credit cards, securing reasonable interest rates, finding rental housing, even applying for insurance.

Lenders Often Prefer Short Sale Over Foreclosure

Foreclosing is an expensive, time-consuming process for lenders (costing an average $50,000 per property, according to a recent report by the Joint Economic Committee of Congress). In foreclosure, the lender sells the property at auction –which may also result in lower net than the outstanding mortgage-or repossesses and sells the property as “lender owned” real estate, which is a “non-performing asset” that negatively impacts the lender’s ability to make loans. In short, lenders want your money not your home.

 Testimonials

                Jesse Turner sold our Hunter’s Creek home at a time we were in a difficult spot. Other well-respected brokers had pretty much “passed” on the deal (did not even seem to want to try), but Jesse enthusiastically took on the challenge. He had us a buyer within a matter of weeks, and kept after the deal until it closed and everyone was happy. His service, professionalism, and courtesy all exceeded our expectations. Without Jesse I just don’t think the sale would have even happened.

Thank You !!! Stan and Leann

                Hello Jesse;

Regarding your service in the sale of our home in Florida, I can only say "thank-you" . You were certainly..... in my eyes ......a great broker and friend. You had the salesmanship that we needed to sell our home and you had the patience that was needed to see the deal through. I am so happy the way things turned out and how you were able to turn a negative to a positive. I really appreciate every thing you did for us. Of course, I have great faith in you. You are a great salesman, businessman and most of all a great friend. Your ability to speak to the mortgage company on my behalf and negotiate the sale was impressive. I know your future holds great things for you and I wish you all the best.

Your friends,

Ray and Judith Perez

P.S.- Keep in touch

Hello, Jesse!

Everything is going well and hope it's the same for you!

 I must say that you know a professional when you see one! Working with you certainly speaks to that, and I just wish that more people were in the business for the right reasons like you. Your knowledge and dedication were truly remarkable, and even in a shaky market, you demonstrated your ability to work through the process. I would definitely recommend you to anyone I know, and would certainly welcome the opportunity to work with you again. All the best to you and God bless!

 S. Maeso