I can't stay

It could be that there is no other option than leaving the house. There are different options to do this and some might work better for you then others.

SELL AND BRING CASH TO CLOSING

You might be in a financial position where you are able to pay off the debt. You may choose to do this rather than do a short sale and affect your credit and ability to purchase again.

OFFER THE LENDER A DEED IN LIEU OF FORECLOSURE

In some situations, rather than foreclosing on a homeowner in distress, an investor/ lender may allow the homeowner to surrender the deed to the property voluntarily in exchange for a release of the note and mortgage. This is more likely to work in states where there i a long foreclosure timeline. The lender will be able to get the property much sooner, which lessens the probability of the property being in disrepair as well as lessens the lenders expenses.

ATTEMPT A SHORT SALE

There may be an opportunity for you to put the home on the market and try to sell it in order to at least partially pay the lender what is owed.

DO NOTHING - GO TO FORECLOSURE

If, after all options have been explored and your decision is to do nothing and allow the property to go to foreclosure, then a real estate agent like myself cannot be involved anymore.

If you believe that a short sale will be your best option then please check here:

Dylan Wolf
Realtor
RENE,SFR
Bellevue Commons
(253) 249-1221  |  (425) 462-8000  |  134386   |  dylanwolf@windermere.com