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LEXIZ

http://realpropertyoptions.wetpaint.com/


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LEXIZ  

Contact Lexi Flournoy Experienced , Professional Real Estate Research Analyst,Investor and Bank Inspector. We would like to help you, more importantly we can help you! lexiflournoyrealopt@gmail.com

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    HOMEOWNERS CALL ME FIRST!

    Homeowners Page

    Homeowners.Page
    Contact Lexi Flournoy
    Experienced , Professional Real Estate Research Analyst & Investor
    We would like to help you, more importantly we can help you!




    If the property has become too much of a burden, there are always options which can allow a property borrower to just “walk away” from the bad investment without it affecting their financial future through judgments, wage garnishments, bank levies, etc. Frequently this can be achieved through a short sale of the property. A hard money bad credit mortgage loan is sometimes an option, but only as a last resort. At the very least, we can help a borrower find an honest investor to work with.
    Our specialty is in facilitating successful and complete short sale transactions for distressed homeowners and commercial property owners. Real Property Options Research Analysts perform extensive research and presentations to both the bank and the investor at no charge to the homeowner.
    Facing default or foreclosure can be one of life’s most distressing experiences
    and one of the most challenging.








    Of further consequence, upon Foreclosing with the property selling at auction, the Property Owner is Also Penalized with:* A Foreclosure on their National Credit Score/Report* A Judgment from the mortgage company/lender for attorney fees and penalties (After the sale of the property at auction, usually the mortgage company/lender will sue the property owner for attorney fees and penalties).
    * IRS Income Tax responsibility: The mortgage company/lender will report the balance of the loan from the auction to the IRS. That balance is seen by the IRS as INCOME.
    Example: Loan Amount & Late Fees - Price Sold at Auction = Balance
    Steps Leading To Foreclosure When a property is considered "defaulted"in payments, usually after several months, the mortgage company or lender files a "Notice of Default" (NOD) at the County Recorder's Office against the property and the homeowner. After the mortgage company/lender files the NOD, the homeowner has only three month to bring the mortgage payments current and to pay all additional fees and penalties. If the property owner has not brought the mortgage current, the mortgage company/lender files a "Notice of Sale" (NOS). After the NOS as been filed, the mortgage company/lender normally requires the property owner to pay off the entire balance within twenty-one (21) days or the home will go to foreclosure auction or Trustee Sale. Again, after the sale of the property, the mortgage company/lender will normally sue the property owner for attorney fees and penalties.

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