My brother, Charlie was out delivering his gift calendars last month when he found a friend moving out of her home. She was unable to keep making the mortgage payments, was already a few months behind and when you added all the back payments and penalties she owed more than she could sell the house for. She figured that there was nothing else to do but abandon the home to foreclosure. She was very sad about it but didn't know what else to do.

Charlie talked with her and told her about something called a "short sale" or compromise sale. It helps the mortgage company by preventing them from spending the money and time on foreclosure proceedings. It helps the seller by protecting their credit rating (it would often still show the late payments but not show any foreclosure).

Charlie was able to put the home in the multiple listing and guide the homeowner thru the negotiations with the mortgage company so that they would accept less than the total loan payoff balance as a final settlement. He found a buyer and helped them and the mortgage company come to terms.

This is never a situation you want to be in, but if you are unable to continue your house payments we can help guide you on talking to your mortgage company. Call Still Brothers and we will help you see what can be worked out. Often we can list the home and find a buyer so that you do not have a continuing judgment following you and preventing you from starting over.