Classes Provided for Distressed Homeowners

Over the past year and a half, our nation has watched tens of thousands of people forced out of their homes. This happens mostly because of the homeowner’s inability to make or catch up on their mortgage payments. I have personally visited with several of these homeowners who only wish there was a way to keep their home. The problem is they have gotten themselves into a loan where the interest rate is consuming their ability to make payments. In some cases they are even making the same amount as they were when they bought the house but the Adjustable Arm increased their payments to a point that they could no longer keep up.

To many this sounds all too familiar. After talking to many homeowners who have been in similar situations we have discovered most just don’t know what to do. Many homeowners just simply give up believing there is no way to keep their homes. They then pack up and move, the put their keys in an envelope and mail it into the lender believing that was all they could do. What is really interesting is that most homeowners never even contacted their lenders to see if they have other options. Some of these people very likely could keep their homes if they only understood the options available.

It is for this reason that Century 21 North Homes Realty, Inc. is reaching out to those who find themselves at risk of losing their homes. Our offices are holding classes each month at no expense to these homeowners. Classes have been customized to help you the homeowner knows just what options you have to helping you keep your home. It is our goal in helping these homeowners, to keep the real estate inventory down, helping those who have to sell, and avoid many of the scams taking advantage of financial situation. On top of all this, for those who need additional assistance there is also advanced service that CENTURY 21 North Homes Realty, Inc. has available.

Should you find yourself in this situation then come attend one of our special classes. All you need to do is call our office at (425)743-3330 and get yourself registered on our class schedule. Then come and attend.

In Danger of Losing Your Home?

In today's turbulent financial times, many homeowners are struggling to make their monthly payments. Many are staring foreclosure and the possibility of being homeless right in the face. Whether you have lost your job, had your adjustable rate mortgage make your payments impossible, or simply think you can't sell because you owe more than the home is worth, you need to know there are solutions.

Most lenders don't want to take a home back, especially through the foreclosure process. Why? It costs them too much, they already have way too many defaulted loans to deal with, and then they are still faced with the problem of selling the property if they do take it back. In fact, many lenders are getting "jingle mail." That's where a homeowner simply gives up trying to make their payments, moves out, and mails their keys into the lender. The two most common solutions available to you are either "loan modification" or "short sale." Right now, lenders are much more willing to work with you to modify the structure of your loan so you can stay in your home. If that is not possible, most lenders are also willing to allow you to sell the home for less than you owe and forgive the balance. They will even let you hire a real estate professional to help you with no money out of your pocket! Both of these solutions are complicated, and will usually require the help of an expert. I know some great ones.