Long Island Home Foreclosure Alternative

 

         
                        professional long island real estate services
+1 (516) 270-3780

 

                          "where the consumers' interest comes first"

real estate service to success
Long Island Real Estate Foreclosure: Time is of the essence! It's imperative you call Mr. Michael at (516) 270-3780 to realize the equity from the sale of your Long Island home.

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You Missed Your Third Mortgage Payment

You missed your first mortgage payment. This is the time the bank will contact you required by law, concerned. Refinancing will look very attractive to you. You refinance. You try to refinance again. You're late on the first of several payments and charged the most allowed by law. You miss three payments. You run to your mortgage contract and read the fine print. You hear from the bank as required by law, passive. You lose $200,000 equity in your home in 20 months.  You're life savings is wiped out. SELL. You can only afford your income. This is a true story in Nassau County 2007. Foreclosure today is the tip of the iceberg.

When Time is of the Essence

For whatever reason, if a person finds them self in a financial situation not meeting their mortgage financial obligations, refinance the house may not be the best solution.  Many people that have foreclosed, are in foreclosure or pre-foreclosure, previously refinanced their house. In these cases, refinance was a very temporary solution and expensive. Most foreclosed properties sold at auction sell well below fair market value and in more and more cases the equity lost to the bank and the current market conditions.

Find yourself in a financial dilemma, immediately contact an expert real estate financial consultant not associated with mortgage lending, does not sell real estate, and is an expert in real estate investment. Then you need to know the actual value to your property sold today and calculate your equity. Every house is unique as to it's real value. Mr. Michael will evaluate your house for sale. This will not be an appraisal, or an appraisal for a specific purpose; this will be a valuation to how much your house will really sell for today on the international real estate market. Your property's real value documented by every comparable house sold in your area in the last three months, last six months if necessary. There is never any fee for the home market valuation. There is never any obligation to find out the real value to your home. Then you decide what makes best sense for you and make an accurate decision to if it's in your interest to sell at this time; factor in at least five years to meet your home financial responsibilities. Give Mr. Michael a call today at +1 516 270-3780. Reverse Mortgage may be another option for senior citizens (consult with a financial expert) - absolutely employ an expert real estate attorney to represent your interests. Do not do anything, do not sign anything, not even a listing contract, without your attorney's approval, especially if a person is in a financial dilemma.

raymond michael new york state real estate broker  email rwmic@optonline.net 
"we're in the business of closing real estate transactions, not wasting time."

"having the resources to the real estate infrastructure in place to sell real estate is one thing;
 the agent must have the ability to make it work"

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