Josh Choe - Distressed Property Realtor Expert

If You’re Thinking About Buying orSelling a Home…..Please be sure to listen:

Tue, 12 Oct 2010 15:53:49 GMT

If You’re Thinking About Buying orSelling a Home…..Please be sure to listen:

10 Biggest Short Sale Myths by Josh Choe

Fri, 16 Apr 2010 16:37:00 GMT

“Short sale” is one of the most misunderstood terms in the real estate industry. Whether you are a buyer looking for a bargain or a seller looking to get our from under a troubling loan situation, it pays to understand what short sales represent and the things you need to know before making any crucial decisions.

The 10 Biggest Myths About Short Sales

(and How They Affect Both Buyers and Sellers)

A Special Report Prepared by Realtor^® Josh Choe

7700 Little River Turnpike #203 Annandale, VA 22003

A Growing Trend

With the aftermath of the sub-prime mortgage meltdown and the subsequent fallout from so many questionable loans, more and more listings on today’s market are categorized as “short sales.” This is one of the most misunderstood terms in the real estate industry. As a real estate professional working with both sellers and buyers, I come across short sale situations every day. I’ve found that people who know what they are doing are able to avoid the common pitfalls and make good financial decisions for their future, whether you are a buyer looking to find a good deal on a home or a seller looking to get out from under your upside-down loan.

The Definition of a Short Sale

Let’s start with a basic definition of a short sale. A short sale (also known as a “short payoff”) occurs when a lender or lenders accept a discounted payoff on an existing mortgage. Generally, they agree to minimize—and sometimes completely eliminate—closing costs for the homeowner in order for the bank to avoid the costs and hassles of foreclosure. In other words, when a homeowner owes more than can be collected through the traditional sale of their property, a short sale allows them to sell the property before it gets foreclosed upon, thus lessening—and in some cases, eliminating—the negative impact on the individual’s credit rating.

The Definition of a Compromise Sale

If the seller has other assets or is gainfully employed, the lender might choose to do a compromise sale. In a compromise sale, the lender will place a short demand into escrow that allows the sale to close, but will require a payoff from the seller for the balance still owed. This note may be secured by other real property or it may be a personal note.

Know How to Make the Right Decisions

Though it’s important to know about the compromise sale option, my focus in this special report is on short sales. My goal is to provide you with the education and insights you need before going down the complex path of the short sale. Whether you are a buyer looking to purchase a short sale property or a seller looking for short sale approval on your property that may be worth less than you still owe, this report will outline the pros and cons of short sales. Here, you will find 10 of today’s most common myths about short sales along with the accurate information you need to know to make educated real estate decisions.

Seller Myths

Seller Myth #1:

It’s Easy to Get Approval from Your Bank to Conduct a Short Sale

Perhaps the biggest misconception about short sales is that it is easy to get the bank to agree to a reduced payoff on the loan. Many homeowners figure that as long as they are in a situation where their property is worth less than they owe, they are a candidate for a short sale—with the hopes of “breaking even” at the very least.

The truth is, it’s not that easy to get approved for a short sale. The thing to remember is that banks are always looking out for their own best interests. Nobody is more tuned into current property values than banks and they will generally do what’s best for their bottom line. Whether they foreclose or go to a short sale, they are taking a hit financially. So, if it makes more sense for them to foreclose on your property for any number of reasons, there is a good chance they will pursue that option. Rarely can the bank be swayed emotionally by your financial situation. Most times it comes down to this: if they feel they can save additional time and costs by approving a short sale, then they will be more willing to work it out with you.

The first thing you should do is consult with a real estate agent who understands short sales and has a strong grasp of the subtle intricacies of banks’ approval processes. A knowledgeable agent can offer you guidance throughout the short sale approval process. Then, once you and your agent have a good understanding of what you are asking for, contact your lender as soon as possible to discuss your situation, research your options and ultimately ask for a short sale approval on your property.

Seller Myth #2:

The Agreed-Upon Short Sale Price is the FINAL Price

This is where many sellers—and the buyers making offers—get caught off-guard by short sales. Though the initial short sale approval process is quite detailed and in-depth by the bank, they are primarily looking at the bottom line (that a short sale will cost them the least amount of extra time and money). Basically, with the initial price approval, they are willing to put the property out there as a short sale to see what they can get in return. They will determine a price range at that point, usually with a “bottom-end” price they are willing to accept.

Where it gets confusing is after a buyer makes an offer that is accepted by the seller and listing agent. That’s when the “real” short sale approval process begins. At this point, the bank will re-review the current market value of the property, including a full appraisal. They will also fully review the financial situations of both the seller and the buyer to ensure that their investment is safe. Through this detailed—and often quite lengthy—process, the bank will determine if they are still willing to accept the price. And so begins the frustrating part of the short sale roller coaster. They may choose to come back with a counter-offer or pull the plug on the listing altogether. Ideally, they will accept the offer and it will most likely go smoothly after that. But you always have to remember the bank will hold the cards as long as they want through what can be a lengthy process.

Seller Myth #3:

Defaulted Payments and Home Equity Loans Will Not Impact Short Sale Approval

Unfortunately, many sellers seeking short sale approval from their bank are under the impression that this is an opportunity to “cut the cord” and get out of their property clean and scot-free. As you can tell from reading this report, it’s not as simple as that.

In many cases, homeowners have defaulted on loan payments and/or Homeowner Association dues. If this is your situation, don’t go into the short sale process assuming that you will be absolved of these back payments. In fact, any money you owe will certainly factor into the short sale approval by your bank. You may come out of the short sale process still owing them money, it may become a compromise sale or you may not be approved for a short sale at all. Rather, the bank may opt for foreclosure if the payment situation is severe enough.

If you are considering seeking a short sale at all, it’s important that you keep your mortgage payments and HOA dues current. This will greatly improve your chances of getting your short sale approved. It will also help your credit rating. If all your payments are up to date, then a short sale will not have as much of a negative impact—and in some rare cases, not at all—on your credit score. If you have defaulted on payments, then it could have more of a negative impact on your rating.

If your payments are all up to date, then another option you can ask your real estate agent and lender about is offering your deed in lieu of foreclosure. In a nutshell, this is when you simply hand over your title deed to the bank before the foreclosure process begins. This can be a viable option to consider depending on your situation, but make sure you have the information and guidance you need from industry experts. Nothing is ever as simple as it seems.

Another factor that can come into play is if you have an outstanding home equity loan or second/third mortgage. If there are multiple lenders involved, it greatly complicates the approval process and lessens your likelihood of attaining short sale approval. The bank that holds your first loan will have the biggest say, but the more lenders and loans that are involved, the harder it will be to get a short sale agreement that is to everyone’s liking. In many cases, the bank holding the second loan will not recover much—if any—money in a short sale. If your second loan is held by the same bank that holds the first, then it slightly increases your chances for approval.

Seller Myth #4:

Once Approved for a Short Sale, Your Worries of Slipping into Foreclosure Are Over

As we’ve discussed in previous myths, you must keep in mind the bank is always in control and always doing what’s in its best interest. Even though the bank has indicated it is willing to approve your short sale and allow your agent to put the listing on the market, they will always reserve the right to retract the offer and begin the foreclosure process. This can be a very frustrating experience for sellers looking to avoid the unpleasant foreclosure process.

Rarely will this happen once your short sale is approved, but it’s important to know that it can. Banks don’t like going through the foreclosure process any more than homeowners do, but they will do what they have to in order to do what they think will be best for their bottom line. So, if your listing stays on the market for a really long time or if they begin to feel that the short sale listing price is too high to sell in the current market, then they may choose to pursue foreclosure of the property.

Again, it’s vital to know what you are getting into when selling your property via short sale. Make sure you read the paperwork thoroughly and look out for any deadlines or loopholes that might be included in the contracts. Don’t be afraid to speak with a real estate agent and lender in order to better understand the playing field when it comes to short sales and foreclosures.

Seller Myth #5:

Real Estate Agents Are “Cleaning Up” in the

Short Sale Market

While it’s been a tough time for the majority of real estate agents out there in today’s market, some agents have been able to find business in the short sale and foreclosure markets of recent years. But it’s not a bed of roses. Listing agents are generally getting less commission in a short sale because of the bank’s heavy involvement and in order to keep the seller’s closing costs to a minimum. With that said, it is often a lot more work for an agent to represent the listing because they are dealing with both the bank and the seller. There is a lot of going back and forth. They have to manage both sides to keep everyone as happy and informed as possible throughout the process, oftentimes acting as more than a regular agent. They are more like an interpreter, intermediary and peacekeeper.

Some agents do have relationships directly with specific banks and are representing any number of short sale or bank-owned (REO) properties at one time. Keep in mind that when working with an agent like this, their primary customer is generally the bank, so they may not be as attentive to the needs of the seller as they would like. It’s not always the case, but it can be. In fact, one of the most frustrating parts of short sales for agents and clients is the waiting game because it takes longer to get the information reviewed by all the parties involved.

That’s why it’s important to develop a relationship with an agent before you pursue a short sale approval—an agent who not only knows how the short sale market works, but is definitely on your side throughout the listing process (including escrow and closing). An experienced real estate professional—with the help of your lender—can help you explore all your options before you make decisions that will greatly impact your immediate financial situation, as well as your credit rating for future purchases.

Buyer Myths

Buyer Myth #1:

Buyers Will Find the Short Sale Market Teeming with Incredible Values and Even Some Downright “Steals”

It is true that you can find some good deals with short sale properties. Unfortunately, most buyers go into their home search thinking they will save 10 percent, 20 percent or more when they purchase a short sale property. On average, most short sales will close at about 3-7 percent off the full market value.

The important thing to remember is just how savvy banks are. They are not going to approve a short sale if it’s not going to net a decent return for them. They are losing money no matter what, so they are going to try to lose as little money as possible. They know market values better than anyone and will set the price based on what they feel will be just low enough to sell, but will be closest to full market value.

So what does this mean to buyers? It means you can save a little money by buying a short sale property, but don’t always expect to find a “steal.” You must also be sure to factor in any renovation costs that may be associated with the property. With most short sale properties, it is truly “as-is” and there is rarely any “wiggle-room” in the negotiations for concessions or repairs. Because the seller is largely removed from the process, you will not easily be able to negotiate with the bank to make necessary fix-ups, replace carpet, paint, etc. If you know the property needs a lot of work, make sure to do a thorough evaluation of all the costs associated with renovating the property before you make your offer. Determine whether the reduction in selling price is worth what it will take to make the property livable for you.

A short sale transaction can be a long, laborious and time-consuming process and can sometimes fall through completely at different points in the process. As a buyer, it’s important not to get completely “wrapped up” in one short sale transaction while watching other buying opportunities pass you by. Work with your agent to leave yourself some “outs” in the offer process in case you decide to pursue something else.

Buyer Myth #2:

Banks Are Desperate to “Unload” Their

Short Sale Properties

On the heels of Buyer Myth #1, it’s always crucial to keep in mind that the banks are motivated by the bottom line. Many buyers go into a short sale offer thinking that the process will go quicker because they think the banks are desperate to unload the property. This is the perception for buyers when it comes to foreclosure properties, as well.

The fact of the matter is that banks are extremely careful with every aspect of the short sale, from initial approval of the price all the way through to the close of escrow. When you submit an offer, they will scrutinize every detail. They will fully review the seller’s situation and your financial stability to make sure there will be no problems with the transfer of the property or payoff of the loan. Again, these are the types of things that can often draw out the buying process.

With that in mind, you need to make sure you are covered on your end before submitting an offer on a short sale property. Be sure to talk to a real estate professional and a knowledgeable lender. It is best to get pre-qualified for your loan and submit a pre-qualification letter with your offer. This will show the bank that you are not only serious about buying, but willing and able to pay for your loan. If you want to take it one step further, you can consider getting pre-qualified by the bank that holds the title. Quite simply, the more information they have about you, the more faith they’ll have in you as a buyer and thus, the more likely you will be to have your offer accepted.

Buyer Myth #3:

“Short” Sale Implies a “Shorter” Closing Period

This is where many people have misguided perceptions about short sales. People hear the term and they think it means that the process will be “shorter” because both the bank and seller want to sell the property as quickly as possible. That is true in one sense, because they do want to get it off their books sooner rather than later. However, they will still take whatever time they need to get the best return on their investment. In addition to the extra diligence they will take to make the decision, keep in mind a lot of banks are now too understaffed to handle the growing number of short sales and foreclosures in a timely manner.

Because most banks are so stringent in the short sale approval process after you’ve submitted an offer, it can often drag on for several extra weeks—if not months. You just need to go in knowing that it could be a quick close or it could take much longer. The frustrating part is that it can be hard to tell until you make the offer. This is where an agent can help “scout” the listing for you by speaking with the listing agent (and sometimes the bank itself) to feel out the situation and see what the desired terms may be.

When I am working with buyers making a short sale offer, I always recommend that they put a relatively short close period (30 days or less) in the contract. Why? Because it shows the bank you are ready and willing to close quickly. They will be drawn to your offer because they know you are more serious. It also gives you an “out” later if they choose to drag on the escrow process.

But even though the bank may be more apt to accept your offer because of a short close period, it does not necessarily mean that the escrow will close within that timeframe. Most times it does not. They can extend the process as long as they need in order to make their financial decision. This is very important to know and understand before you make your offer, especially if you are in the process of selling your current property and trying to “time it” accurately. Make sure your agent stays on top of the listing agent—and even the bank, if needed—to keep the process moving forward and to avoid having your contract get lost in the shuffle.

Buyer Myth #4:

The Listing Price is What the Bank Will Most Likely Accept When You Make Your Offer

Before a short sale is ever put on the market, the listing agent and bank will determine an undisclosed price range for the property. The high-end will be what the bank would ideally like to get back. The low-end is the minimum they would be willing to accept at the time of approval. The listing will generally go on the market at a price that is closer to the high-end of the range.

A lot of buyers will make the mistake of making a real “low-ball” offer. If it’s below the low-end of the accepted price range, they will likely dismiss such an offer immediately. Remember, banks are not as desperate to sell as most people think, and they will do whatever they can to have the property sell at the highest possible price. So, if you are serious about the property, make a reasonable offer. An experienced and market-savvy real estate agent will be able to help you determine what a “winning” offer is on any specific property, short sale or otherwise.

Even if the seller accepts your offer and the bank accepts the offer initially, they will still go through the full short sale approval process before anything is finalized. They will appraise the property once more and review all aspects of the contract to make sure it is to their liking. If they determine that the property is worth more than you are offering, they can—and usually will—make a counter-offer asking for something more. This can include a higher selling price, a larger down payment from you, reduced agent commissions or, in some rare cases, a stipulation that you must secure your home loan through them.

When you submit your offer and pre-qualification letter, make sure the amount in the letter is the same as the offer price. Even though you may be qualified for more, have your lender put in the exact price you are submitting. If they see you are qualified for more, there is an increased chance that they will ask for more. Even though they will eventually review your full financial situation, you don’t want to advertise upfront that you can afford more than you are offering. This is a good strategy when making any real estate offer, but especially important to remember when purchasing a short sale property.

Buyer Myth #5:

Short Sales Are a “Goldmine” Opportunity and a Can’t-Miss Investment

As you can tell from reading this report, there are many upsides and downsides to short sale real estate. If you know what you are doing and are prepared for the process that often comes along with purchasing a short sale property, opportunities can certainly be found. You will be able to save a little money on the purchase price, but you have to make sure that you are covered elsewhere. Be sure to factor in the fix-up costs, property taxes, HOA dues, any land lease fees and other things that will impact the overall price of the property.

Here’s a good rule of thumb to consider when looking at a short sale or foreclosure purchase: Add up the selling price and the “fix-up” price. If together, they are equal-to or ideally less than what you perceive to be regular market value for that property, then it is probably a viable investment. To determine the regular market value for the property, consult with a real estate agent who can provide you with a Comparative Market Analysis (CMA) using similar properties and recent sales in the neighborhood as “measuring sticks” to estimate the home’s worth.

You will find that the first five myths are geared toward sellers and the last five are geared toward buyers, but I highly recommend studying all of them in order to have a full understanding of how short sales will affect every facet of your real estate experience.

The thing to remember is that banks are always looking out for their own best interests. Nobody is more tuned into current property values than banks and they will generally do what’s best for their bottom line.

Where it gets confusing is after a buyer makes an offer that is accepted by the seller and listing agent. That’s when the “real” short sale approval process begins.

Useful Tips for Short Sale Sellers:

1. CURRENT PAYMENTS. Keep your loan and HOA payments current to avoid credit problems and increase chances of short sale approval.

2. LENDER CONSULTATION. Talk to your lender as soon as possible to see what your short sale options are.

3. REALTOR^® CONSULTATION. Talk to a real estate professional who understands short sales and can guide you through the approval and listing processes.

4. DO YOUR HOMEWORK. Be flexible in your expectations. Don’t automatically say “yes” or “no” to the first offer from the bank. Do your homework and make sure to consider all aspects of the offer against your financial situation to make the right decision.

5. EMOTIONAL VALUE. Don’t get over-attached to what you think your home is worth. In today’s changing market, values are always shifting. You have to set realistic expectations and be willing to accept what you can get.

6. PROPERTY DAMAGE. No matter what, do not damage the property on the way out. In some cases, it can result in civil and sometimes even criminal litigation.

Remember, banks are not as desperate to sell as most people think, and they will do whatever they can to have the property sell at the highest possible price. So, if you are serious about the property, make a reasonable offer.

Useful Tips for Short Sale Buyers:

1. LOAN PRE-APPROVAL. Before you make an offer, get pre-approved for your loan and submit a pre-qualification letter with your offer.

2. PRE-QUAL LETTER AMOUNT. Have the exact offer amount put in the pre-qualification letter by your lender. Don’t advertise upfront that you can afford to pay more.

3. PERSONAL STATEMENT. Submit a brief (2-3 paragraphs) personal bio with your offer to gain more trust with the listing agent and bank. Tell them about yourselves, your work and finanical situations and your intent to be a good homeowner.

4. LENDER CHOICE. Though you don’t have to use them, consider getting pre-qualified by the lender that is holding the title on the property. The more they know about your financial situation, the better.

5. QUICK CLOSE. On your offer, put the closing date at 30 days or less to show you are serious. Just go in knowing that the escrow process will probably be extended by the bank, but the shorter terms will make you a more attractive buyer.

6. PROPERTY COST. Make sure to have a full assessment of property damage and understand costs associated with the property before you make your offer.

7. CONTINGENCY OFFERS. If you make an offer that is contingent on the sale of your current property, you will be a less attractive buyer to the bank approving the short sale. If possible, it is best to sell your property—or at least have it in escrow—before submitting an offer on a short sale property.

8. FIND THE RIGHT AGENT. Talk to a real estate professional who understands short sales and can guide you through the purchasing process.

Closing Thoughts:

I hope you found this special report helpful in understanding the myths and common pitfalls of short sales. In my experience, I’ve found that the more you know about every aspect of the situation, the better decisions you will be able to make.

Even if you do not plan on becoming a client of mine, please feel free to contact me as a resource for more information on how you can maximize your real estate investment. In today’s market, every little bit of information helps. Give me a call today.

Sincerely,

Josh Choe

1-800- 647-7034

Josh.Choe@remax.net

If you have further questions about short sales after reading this report or want to pursue a short sale purchase or sale, feel free to give me a call at any time. I’d be happy to help you explore your options.

7700 Little River Turnpike #203 Annandale, VA 22003

Make Financial Stability Your Resolution

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It's Not Too Late!

According to Lender Processing Services (LPS), over 6.32 million homeowner missed their mortgage payments in April 2011. Another four million have missed more than three months of payments and are now considered seriously delinquent. If you or someone you care about is having difficulty making mortgage payments, you should know it's not too late to get help.

I created this website so homeowners could gather as much information as possible about a homeowner's options and what steps should be taken next. The free reports available on this site are phenomenal resources for you to learn more about how I can help overwhelmed homeowners overcome this temporary challenge in life.

Caution: Protect Yourself Against Mortgage Relief Scams

The Federal Trade Commission (FTC) has issued regulations protecting consumers against mortgage relief fraud. Due to the growing number of scams that are designed to take advantage of homeowners in distress, the government wants to make sure you won’t be a victim.

As a CDPE, I am fully compliant with the FTC regulations, and want to help you avoid being taken advantage of by unscrupulous individuals or companies, as well.

In fact, I’ve developed a free, detailed report that explains the warning signs of potentially fraudulent activity so you can protect yourself and the ones you love.

If you are facing an unaffordable mortgage and need help from someone you can trust, please contact me today.

I’m here to help.

Strategic Defaults are NOT Strategic

Walking Away Is NOT The Answer

You may have heard that a “strategic default” can be an appropriate and even beneficial reaction to an upside-down mortgage or impending foreclosure. While this idea is widespread, the truth is that default is never an easy road to choose, and rarely ever strategic.

Unfortunately, the ramifications of a “strategic default” are rarely explained, leaving many homeowners stranded on an island of misinformation. To assist you, I’ve prepared a free report outlining the myths and misrepresentations of strategic defaults.

Fill out your information below for this free report. Don’t hesitate. Get the facts today!

Are You Living Under the Cloud of an Unmanageable Mortgage

An Unmanageable Mortgage Clouds Everything

When families are tapped out financially and faced with the uncertainty of not knowing how much longer they'll be able to stay in their home, the prospect of planning or having a positive outlook on the future seems out of the question.

Many financially strapped homeowners feel frozen in action and it's no wonder, but here's the most important point that you need to know:

Even though millions of homes have been lost to foreclosure, you and those you care about absolutely do not need to add to that statistic.

More help is available now than ever before.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I am adept at navigating among the full range of solutions for helping financially distressed homeowners to make a fresh start.

If you, or someone you care about is looking to get out from under the cloud of unmanageable mortgage contact me today for a confidential consultation!

Short Sale & Deed-In-Lieu

Contrary to what you may have heard, lenders actually want to avoid foreclosure wherever possible. That’s why they’re accepting more short sale and deed-in-lieu transactions everyday in an effort to eliminate unnecessary foreclosures. This is great news for homeowners facing financial distress.

To help you understand more about these two options, I’ve prepared a free report just for you, called ‘Short Sale & Deed-in-Lieu: Dignified Solutions.’ To receive your free report, please provide your information in the fields below.

I hope you’ll review these options carefully and pass this information along to those who may need it. I commend your efforts to finding a solution to the difficult financial situation that you or someone you know is currently facing. Providing the best advice and information in your time of need is my priority.

Let me help you evaluate your options and get you back on track to a secure financial future.

Your First Steps To Avoid Foreclosure

Your First Steps

In today’s market, 1 in 7 homeowners is having trouble paying the mortgage. More than 70% of these homeowners proceed without seeking assistance or getting the facts. Many do not even realize that foreclosure is a process, and that there is time to make decisions that may result in a better outcome.

You are not alone. Millions of other homeowners nationwide are in the same circumstances. To assist you, I’ve prepared a free report outlining the first steps a homeowner should take when facing a foreclosure.

Fill out your information below for this free report. Don’t hesitate. Get back on track today!

7 Short Sale Myths

There are millions of homeowners just like you who are looking for answers and don’t know what to do. You’re not alone and you’re in the right place.

As a Certified Distressed Property Expert, I have training and experience in providing solutions to homeowners facing financial hardship. Despite my best efforts, there’s still an overwhelming amount of misinformation about the options available, especially short sales.

To give you a better idea of the short sale option, and to set straight some of the myths you may have heard, I’ve prepared a free report just for you - please fill out the information below to receive your free report. This report will clarify the following myths:

The Bank Would Rather Foreclose Than Bother With A Short Sale
You Must Be Behind On Your Mortgage To Negotiate A Short Sale
There Is Not Enough Time To Negotiate A Short Sale Before My Foreclosure
Listing My Home As A Short Sale Is An Embarrassment
Short Sales Are Impossible And Never Get Approved
Banks Are Waiting On A Bailout And Not Accepting Short Sales
Buyers Are Not Interested In Short Sale Properties

These ideas are potentially harmful to homeowners seeking real solutions. I hope you’ll review this information for yourself or share it with a homeowner in need.

In these times, we all need to know the truth to know how to get back on track.

If you have any additional concerns about this issue, or your circumstances are urgent, please give me a call.

Josh Choe
8006477034

The Truth About Mortgage Modifications

The decisions you make as a homeowner today hold a profound impact on your financial future. However, it is important to safeguard yourself from misinformation and fraud. Get the facts regarding your situation and always have a contingency plan.

For those who qualify, a mortgage modification is the ideal remedy to their financial distress. I’ve prepared a FREE report on the truth about mortgage modifications to guide you through this important process. Simply provide your information below to get this valuable information, and feel free to pass it along to anyone who may need it. One homeowner lost to foreclosure is one too many!

As a Certified Distressed Property Expert, I have training and experience in providing solutions to homeowners facing financial hardship. Together, we can formulate a plan to get back on track.

If you have any unanswered questions, or your circumstances are urgent, please call me today.

Josh Choe
8006477034

Understanding HAFA

New Help Has Arrived!

The rising number of foreclosures in this country is simply too big to ignore. That is why a government-backed program has been released that aims at streamlining foreclosure avoidance options.

Short sales and deeds-in-lieu are dignified solutions to foreclosure, and now the government is making them easier, quicker and more accessible through the Home Affordable Foreclosure Alternatives Program, or HAFA.

With one in six homeowners struggling to make mortgage payments, you are not alone, and there are options available. With the free report provided here, find out if you qualify for the HAFA Program. Simply fill out your information below to get started on your new chapter of financial stability.

Please read this report to learn the facts, and contact me to begin your journey to a solid, stable tomorrow.

Feeling Trapped by Your Mortgage?

Feeling trapped by your mortgage?

Education is the Key

If you or someone you know feels like a prisoner to unaffordable mortgage payments, you should know that education may be the key to financial freedom. You have options available that can help ease the worry of making payments or losing your home to foreclosure.

To find out more about the options you have to choose from, download the free report I've created at the bottom of this page.

In fact, this entire website has been created exclusively for homeowners like you who need a trusted source for viable solutions to foreclosure.

If you have questions about the information you find here, or would like to get started in creating a plan, call me today.

The more proactive we are, the better chance you'll have in finding financial freedom and stability.

Options and Solutions

Thank you for visiting this site and taking the first step toward finding answers. I appreciate what it has taken for you to come here, and commend your efforts to get the facts about your situation. The current real estate environment can be frustrating, with misinformation and conflicting plans for how to proceed.

As a real estate agent, what I often see in troubled homeowners is a belief that they are alone with their challenges. Regrettably, over 70% of homeowners in foreclosure proceed without ANY visible assistance. This is not acceptable for the communities I serve.

That's why I've developed this site: to ensure you get the valuable resources that can reduce your financial strain and change your life for the better. As a CDPE I know the options for homeowners in foreclosure or delinquent on their mortgages, and I can send you a report detailing this information, prepared just for you.

Simply enter your information below and click "Send." I hope that you will review this information carefully, so that your next steps are the right steps toward a real solution.

Let me help you evaluate your options and get back on track to a solid, stable future.