Being in a distress situation and facing foreclosure and the the loss of your DFW area home can be devastating. Many Plano TX home owners simply give up once they miss a mortgage payment. Below are reasons why you don’t want to give up and should seek help to avoid a foreclosure:
- You will always have to disclose that they have had a foreclosure on future mortgage applications and many job applications, having an adverse affect on future borrowing and employment.
- A foreclosure on your credit report can have an adverse affect on future borrowing rates.
- Your credit score will be lowered by 300+ points.
- Foreclosure is the one credit report item that is almost impossible to “repair.”
- Your lender can seek a deficiency judgment after the foreclosure, meaning that the foreclosure is not the end of financial burden.
- Many employers run credit checks as part of the hiring process, meaning that a foreclosure could put future employment in jeopardy.
- Many employers run periodic credit checks on current employees, which can put current employment in jeopardy.
- Security clearances and government positions such as military service and law enforcement can be jeopardized by foreclosure.
As a Certified Distressed Property Expert, I have the skills and knowledge needed to help you and your family avoid foreclosure.
Do not hesitate to call me at 972-562-0896! Every moment counts. My team is experienced in short sales and we cover the entire DFW area.
Tags: avoid foreclosure, plano tx home
This entry was posted on Saturday, August 8th, 2009 at 2:42 pm and is filed under Foreclosure, Money Matters, Real Estate, Tips for Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.