Yes, we are all feeling the pinch of this economy and many of us have had a "change" in our circumstances--from losing a job,health issues,divorce, a fluctuating mortgage and/or the inability to refinance... just to mention a few.There are ways to work out a settlement with the bank/mortgage holder.
Currently in Barrington , there are 151 homes (about 50 is vacant land) that have missed payments on their mortgage. 17 are going through the auction process and 41 are bank owned.
Most of these properties are not even on the market! Please if you or someone you know has missed a payment or will be soon..Let's talk about the possibility of a "short sale"
A short sale is when you sell your home for less than is owed on the mortgage.
I have been awarded a Certified Distressed Property Expert Designation as well as an SFR..Shortsale Foreclosure Resource. You know how I feel about Knowledge...it is Power!!!
Remember, I am here to help!
Cheers,
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