Attention Homeowners — Are you upside-down with your mortgage? Do you owe more than your house is worth? Don’t let the bank foreclose. Call Casa Florentino for alternative solution such as:

• Loan Modification
• Forbearance
• Short Sale
• Assumption/Assignment
• Deed in lieu of foreclosure, etc.

Loan Modification
Your lender/mortgage holder can renegotiate the terms of your loan, thereby making the payment more affordable and in some cases reducing the principal amount to reflect current market value.

Forbearance
In forbearance, the lender may agree to put all of your past dues interest and principal at the back of the loan. For example if you had a 30 yr fixed and you fell behind for 18 months, the bank will let you start fresh and put those 18 months at year 30, 31, and 31½.

What is a Short Sale?
Short selling your house means getting your lender to approve the sale of the property for less than the loan amount you owe to them. Government program is now available to help both Homeowners and Lenders with this process. The government is giving out up to $1500 for homeowners to move out.

Assumption/Assignment
If your loan is assumable, you may have a friend or family member take over the payment as long as they can qualify.


Deed in Lieu of Foreclosure
You call the bank and negotiate the fees and expenses associated with them taking back the deed of the house. This is a great solution if the property still has decent value and the cost to foreclose would be more than the loss the bank would take if the house is deeded back to them.

Whatever you decide to do, don’t forget to explore all your options and also let Casa Florentino Real Estate be your guide to financial success.

Selling Your Home

• All the efforts should be joint from day one
• Prepare or setting the house for showing
• Inspect the house for open house
• The marketing effort
• The four “P”s of Marketing (Product, Place, Price, & Promotion)
• Current Market Condition — Analysis

Preparing for Showing

• Maintain consistency with pictures
• Remove extras (furniture, clothing, shoes, boxes)
• Front yard maintenance
• Cleaned and uncluttered
• Less is more
• Always keep it simple
• Discuss showing instruction

Open House

• Prepare/Stage property with lighting/cool/fragrance
• Inspect for safety
• Safekeeping valuables
• Remove extra items to storage
• Prepare to be out of the house for about 4 to 6 hours
• Remember we will get you out of the house when you need us to

Moving Arrangement

• Identified the need for rent-back
• Ensure property condition
• Prepare keys/alarms/remote doors
• Prepare for walk-thru inspection
• Transfer all utilities/forward mails
• Remove all personal items
• Ensure HOC is move-in ready
• Go to settlement
• Move out to new place