Earlier this month, we had some past clients who lost their Long Beach home to foreclosure. It was devastating for them and disappointing for us as well. We have helped dozens of Long Beach homeowners avoid foreclosure through short sales and we wanted to help them too.
Unfortunately, it was too late. They waited too long to explore options other than foreclosure and the lender wouldn’t postpone the scheduled trustee sale.
If you are behind on mortgage payments for your Long Beach home and don’t know what to do, I strongly encourage you to explore your options sooner rather than waiting! It’s possible you may qualify for a loan modification (or even forbearance if you’ve lost your job) or a short sale.
The longer you wait, the more limited your options may be. Some banks require that either a modification or short sale application be submitted at least 15 days prior to a scheduled trustee sale. Others require that you submit an application at least 30 days prior to the sale date.
If you would like more information about doing a short sale or loan modification of the mortgage on your Long Beach area home, please call or email us today! We’re happy to help you explore your options!
Wondering why a bank would consider a short sale or how it works? We can also provide you with a free copy of E-book, “The Home Owners Guide to Real Estate Short Sales.” I am certified as a CDPE (Certified Distressed Property Expert), PSC (Pre-Foreclosure Specialist) and CHLAS (Certified HAFA Listing Agent Specialist).