I talk to people everyday who have lost the equity on their home. I think there are a lot of misconceptions about short sales that make people choose to continue to struggle instead of opting for a chance to rebuild their dream.

1. Myth:     The loss in equity in my current home is only on paper.

Fact:      Negative equity is a real thing! You are weighed down by a debt that can take 15 - 20 years to recoup. Your mortgage payments may be double that of your neighbor for 30 more years.

2. Myth:     I have a moral obligation to repay my entire loan.

Fact:    You entered into a business arrangement with your lender. You have already lost 100% of your investment - your down payment. A lender charges interest because they know their investment is at a risk. You have paid that interest. A short sale is there to protect you and allow you to get a fresh start. A short sale legally allows you to share the loss with your business partner - the lender. 

3.  Myth:     The most important thing is to save my house.  

Fact:    The most important thing is to save your family's financial future. Your home is wherever you build it. The happiest home is one you can afford, without burden.

4.  Myth:     If a loan modification does not work for me, I should just let the bank take it.

Fact:    A foreclosure is the worst solution. You may have to pay taxes; you may still have the lender come after you for their loss; you may not be able to lease a new home or get a new job. No matter what - allow me to help you come up with another solution.

5.  Myth:     People will think less of me.

Fact:    No way!  So many people are in the same boat. The economy is tough and a growing majority of homeowners are faced with mortgages they can't afford and are drowning in debt. The fact is that people will think MORE of you when you make a short term sacrifice that allows you to rebuild your dream in just a few years.

You could either owe more than your home is worth, barely making the payments 

OR...

You could be shopping for a fresh new house with comfortable payments.

Please contact me to privately discuss your situation:

Nicole Solari