Many of us in the industry are seeing the market shift. Those not in the industry, homeowners facing a time where careful decisions must be made, have only the information spoon fed them by the media and those knocking on their doors. The information about all options to stop Foreclosure or avoid the Foreclosure action is out there and obtainable should you have an accurate source. Unfortunately most of those providing the information are trying to persuade you into thinking the option they happen to offer is the right option.

An attorney thinks bankruptcy is the right option, a mortgage broker will try refinance, an investor will try to buy your home and a short sale specialist will convince you of a short sale. Are all of these alternatives wrong or inappropriate? Absolutely not! But they are always offered by their appropriate provider simply because it’s what they know to offer. These are their areas of expertise. So who should you trust when facing Foreclosure?

Yourself!

Educate yourself on all your options. Are refinance, bankruptcy, loss mitigation, selling your home and short sale all options to prevent Foreclosure? Yes they are! The key is which one is right for your unique situation.

This is where you come in. Do your research and determine what your situation warrants and what will have a long term positive effect. Don’t blind yourself with fast, fancy, glittering dreams that everything is going to be okay. It will be okay eventually but now you have found yourself in a precarious situation and the best thing you can do for yourself is go into this decision process with eyes wide open.

So when is a short sale right? A short sale should be considered when you are absolutely sure you cannot afford to stay in your home. Further, with market prices declining, your home will most likely have little equity if you are a fairly new home buyer or you took advantage of the appreciating market a year or two ago. If you are not able to sell your home traditionally by listing your home with an agent without coming to the table with money than a short sale is probably the best solution at this point.

Remember that neither option, when in a situation such as Foreclosure, bares resemblance to a bed of roses. However, you should choose the most amicable situation to avoid the Foreclosure. short sales are not always done right nor are they always done with the clients’ best interests at heart. There are some companies that consider the short sale a fresh start for their clients. The service offered should not stop at just a short sale. A company should be chosen by how hard they will work for you in fully achieving that fresh start. Find a company that is working close to you and has community connections. You can also use a national company but they should have someone fairly local to you or have someone they can reach out to. Find a company that will tell you ALL the pitfalls and pluses of a short sale.

Here we are again where I will impress to you one last time - Educate Yourself! Realistically take a look at your situation and determine what will work BEST for you. Find out all the pros and cons of each option you are considering. If you aren’t concerned about your future and educated about your options you will leave yourself wide open for victimization and scamming.

If you are facing Foreclosure and just want answers, no selling, no cost, no obligation and NEVER any pressure than please visit our website at Creative Freedom Foreclosure Prevention, Inc. where educating homeowners IS our primary focus.