TREC #9010504
Call Us! (682) 777-3950
Foreclosure Prevention
Foreclosure Prevention
If you're struggling with your DFW area home or investment property and find your payments overwhelming, I'm here to help you navigate through these tough times. I provide support and guidance to help you save your property or prevent foreclosure through free government refinance options, loan modifications, and short sale programs.
Exciting news! I have cash buyers ready to purchase your DFW area home today. You may also qualify for thousands in relocation assistance, and I'm here to help you secure it. Don't settle for the first cash offer you receive; let me leverage my network of investors to ensure you get the best possible deal.
Reach out to me, Tricia Madrid, at 682.777.3950, to discuss how we can explore these opportunities together.
Whether you’re looking to save your home through a HAMP loan modification, take advantage of a refinance options available, or are ready to short sell your property to avoid foreclosure, my guide offers invaluable information tailored for you.
This easy-to-follow guide provides insight into how banks operate during negotiations and includes all the necessary tools and forms for a successful short sale.
Rest assured, your information is completely secure and will never be shared. If you find the guide helpful, please share it with anyone else who might benefit. Contact me, Tricia Madrid, at 682.777.3950, and I’ll send you the guide right away.
Questions About This Property
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Questions About This Property
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Do I Qualify For A Short Sale?
To qualify for a short sale, you generally need to meet several key criteria.
First, you must demonstrate financial hardship, such as loss of income, illness, or other significant financial challenges that impact your ability to make mortgage payments.
Secondly, you should show a monthly shortfall, indicating that your expenses exceed your income, making it difficult to maintain mortgage obligations.
Lastly, you need to prove insolvency, meaning you owe more on your mortgage than you have in assets, and you cannot meet your financial obligations as they become due.
If you meet these qualifications, lenders may be willing to consider a short sale as an alternative to foreclosure.
Contact me, Tricia Madrid, at 682-777-3950, and I’ll send you the guide right away.
Is Your Home's Value Declining?
Whether you're considering a loan modification or a short sale, having accurate information about your property's value is essential. Lenders rely on comparable sales data to assess if your property's value is less than the outstanding balance. I offer a detailed property value report that includes 30, 60, and 90-day sales price values—exactly what your lender will need. This information can empower you during negotiations and improve your chances of a successful outcome.
Contact me, Tricia Madrid, at 682.777.3950, to get your comprehensive property value report today.
Are You in Default on Your Mortgage or Worried You Might Be Soon?
In the past, lenders often required homeowners to fall behind on payments before considering a loan modification or short sale. Fortunately, that's no longer the case. Lenders now recognize that various factors can lead to potential default and are more open to working with homeowners to prevent future issues.
While staying current on your payments is not a prerequisite, you will need to show your lender that you're experiencing financial hardship and are concerned about your ability to keep up with payments. This involves submitting a hardship letter and providing financial documents that illustrate your situation. If you find yourself in this position, I can guide you through the process and collaborate with your lender to find a suitable solution.
Contact me, Tricia Madrid, at 682.777.3950, to explore your options.
Are You Facing Financial Difficulties?
If you're dealing with a job loss, reduced work hours, divorce, the passing of a spouse, or any other situation impacting your ability to pay your mortgage, you may be experiencing financial hardship. In such circumstances, a real estate short sale might be a suitable option for you.
A short sale allows you to sell your home for less than the remaining mortgage balance, helping you avoid foreclosure. To qualify, you'll need to demonstrate financial hardship to your lender. If you're considering this path, I can guide you through the process and work with your lender to find a solution.
Contact me, Tricia Madrid, at 682.777.3950, to discuss your situation and explore your options.
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MLS Information Deemed Reliable But Not Guaranteed. This information is being provided by the NTREIS MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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