Keep Austin Weird Homes,
Keep Austin Weird Homes, an
The property, located on
The process was not easy, but with strong negotiating skills, tenacious problem solving, and a comprehensive marketing process,
This was a Chase FHA short sale in
"There are no promises or guarantees in a
SHORT SALES are an alternative to a foreclosure. When the borrower can no longer make the mortgage payments as agreed, he or she is faced with many decisions. One is to allow the lender to foreclose. Another is to get the lender to agree to accept a payoff of less than the balance owing on the loan. The entire team at Keep Austin Weird Homes has earned the Certified Distressed Property Specialist Designation in order to successfully work with homeowners facing short sales.
Homeowners who are facing
Chase - Know Your Options
No matter what your individual situation is, you may have multiple options. Whether your want to stay in your home or sell it, we may be able to help.
You do have options
Here's a quick look at several of the options available. We'll work with you individually to see which might work for you.
Repayment Plan: if you've experienced a temporary reduction in income or financial hardship, but are getting your finances back in order, this option lets you pay off the delinquency over a period of time by making your monthly payment plus a portion of the delinquent amount, each month.
Loan Modification: Chase has recently enhanced and expanded its Modification Programs to include a wide array of hardship situations like layoffs, job loss or short-term income reductions, and permanent hardships like death of a spouse, disability, divorce, or severe medical situations. With these newly expanded and enhanced programs, we may be able to modify or change the term of your loan, the interest rate, and in some cases, principal balance, to reduce the monthly payment to an amount you can afford.
Short Refinance: other residential lenders in your area may be able to help you obtain a third-party loan to payoff your loan with us for less than the full amount owed and give you a fresh start.
Partial Claims-for FHA Loans Only: Chase may be able to work with you to obtain a one-time payment from the FHA Insurance fund to bring your mortgage current.
Pre-Foreclosure Sale (Short Sale): if you believe that you will continue to have trouble paying your mortgage, selling your property now may be your best choice. If so, Chase may accept less than the amount we are owed. Plus, you can control the timing and terms under which you move.
Deed-in-lieu of Foreclosure: essentially a transfer of property to the lender for possible forgiveness of the entire debt. The advantages are that Chase may waive any amount you still owe if the property is subsequently sold for a loss, and you avoid having a completed foreclosure in your credit history. Although a deed in lieu may be noted on your credit bureau record.