SO CAL HOMES REALTY
Harold Sharpe

Can't Make Payment Harold Sharpe

(951) 821-8211

Harold Sharpe is the owner of
So Cal Homes Realty.

Harold Sharpe has been a Licensed
Real Estate Agent since 2001, and is a
Licensed Real Estate Broker,
since 2005.

Harold Sharpe specializes in
Selling Houses, and
Finding homes for people.

So Cal Homes Realty is the
Real Estate Brokerage
to assist you in Buying
or Selling a House.

Feel Free to call Harold at
(951) 821-8211

DRE LIC #01312992

Monday - Sunday 9am - Dusk

After Hours E-Mail

Schedule to see Houses in Person Before they Sell!

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Can't Pay Your House Payment

Your Options

If you can't pay your house payment, you are not alone.
What you choose to do can affect you for a long time.

If you can't pay your house payment, Foreclosure is not the only option!

There is hope when you can't pay your house payment.
F
or many, the best option, is a Short Sale.
Consult with a CPA and an Attorney regarding your options.

Approximately 15% of people in the area are out of work.

If you have no income, and you can't pay your house payment,
some of your options are:


Can't Pay Your House Payment Option 1. Short Sale

A Short Sale is when the lender accepts lees than the loan is, as a settlement on the loan. FYI approximately 12 - 20% of people who do short sales are successful of getting out from under their loans. Patience is the key here. Your Real Estate Agent will take most of the frustration dealing with the lenders. See more info on Short Sale Selling.
This is a great way to SAVE YOUR CREDIT for the most part.
The damage is minimal considering your lender settled on your loan.


Can't Pay Your House Payment Option 2. Deed In Lieu

This may be damaging to your credit for 10 years. This can make it difficult
for getting a job, a car, credit cards, renting a house or apartment, etc.
For those of you in security, or have security clearances, this can affect you getting a job, or keeping your existing job. This is a voluntary repossession of a home. It is the same as a Foreclosure. If you refied and took money out of the house you may be held liable for that amount.


Can't Pay Your House Payment Option 3. Foreclosure

This may be damaging to your credit for 10 years. This can make it difficult
for getting a job, a car, credit cards, renting a house or apartment, etc.
For those of you in security, or have security clearances, this can affect you getting a job, or keeping your existing job. It is embarrassing to you,
your family and friends. You should have at least tried very hard to
Loan Modify and Short Sell before you just let it go.


Can't Pay Your House Payment Option 4. Bankruptcy

This may be damaging to your credit for 10 years. This can make it difficult
for getting a job, a car, credit cards, renting a house or apartment, etc.
For those of you in security, or have security clearances, this can affect you getting a job, or keeping your existing job. You might want to try to Short Sell, await the foreclosure, then if the bank comes after you for outstanding debt, you may then consider filing for bankruptcy. You may want to wait to file bankruptcy until you have all your bad debts including your home behind you. You should consult with a Real Estate Attorney
on this.

You may want to contact the government and see if they are offering
anything in the way of help. If they are, please let me know by email
so I can update this site and help others.

DISCLAIMER

The aforementioned is meant to serve as a guide to most people in most situations. Everyone's situation is different and you should get legal and
financial advice from qualified people. It is beneficial to get legal and financial advise in all situations from experts in their field.

CALIFORNIA DEPARTMENT OF REAL ESTATE LICENSE 01312992

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Harold Sharpe Broker So Cal Homes Realty Department of Real Estate License 01312992
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