DEATH of the SHORT SALE

 


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Commercial Properties Need Help Too

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Welcome to the Prosperity Community Partners
Underwater on your Mortgage?  Facing Foreclosure?  We can help.

You are not alone and should not be embarrassed about the situation.  The goal is to make the situation as painless as possible and protect your credit from a foreclosure and remove the financial burden from you and your family.

The current housing situation has made the value of many homes less than the mortgage that is owned.  In the past the choices were a mortgage foreclosure or finding a buyer that will purchase the home for less than is owned. Another option that is now available is a legal review of your mortgage to determine if you were a victim of predatory lending or illegal mortgage securitization.  If so you may be able to get a reduction in the amount owed on your note with an opportunity to refinance or sell your home.  You may owe less than even the current market value with no deficiency for the amount of the mortgage reduction. 

The problem is so wide spread that 60 Minutes did a feature on the situation in April 2011:

 

 

 

 

 

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Did You Know?
Banks Receive Insurance Money when Home Owners Default

Ever wonder why your bank may not have been in a hurry to do your loan modification?  It may have been that they wanted to make you late because they may have received insurance payments when a mortgage was 61 or more days late.  They may have received payments but they did not reduce your mortgage!

Some Mortgage Notes were Sold Many Times and Often on Wall Street

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