CENTURY 21 The Neil Company Real Estate is registered and bonded with the State of Oregon as an approved Debt Management Service Provider (DMSP).
One of the options available to homeowners who find themselves facing foreclosure, is to sell the property before it is foreclosed. Real estate licensees are licensed and trained to assist clients in the sale of real property and are a valuable resource for information and advice on all aspects of the sale of real property. REALTORS® are licensed real estate professionals who pledge to a national Code of Ethics and pledge themselves to promote and protect the interests of their clients.
“Distressed property” is real property facing foreclosure or recently acquired by a lender as the result of a foreclosure. The most commonly used options for owners facing foreclosure include foreclosure and short sales. Deciding which option to go with is often a case of becoming informed on the differences between all options. In many cases, the market value of the property facing foreclosure may not be sufficient to pay off the entire debt the property secures. In such a situation, the homeowner must either bring sufficient money of their own to closing in order to clear the title or convince one or more creditors to accept less than full value in order to sell the property as a “short sale”. If you qualify for a short sale, there are definite benefits over a foreclosure, to the homeowner and the lien holder.
We understand that many homeowners are experiencing financial hardships. A decrease in income could be due to loss of job, illness, bankruptcy, divorce, job relocation, death, retirement, excessive debt, etc. Our experience has been that most people qualify for a short sale. As a registered Debt Management Service Provider, CENTURY 21 The Neil Company Real Estate and their experienced agents can help you analyze your specific situation and determine if a short sale is a viable solution for you. If you desire to stay in your home there may be other alternatives to foreclosure or short sale including refinancing or loan modifications. Our goal is to be a resource and a help to those facing foreclosure. Contact us today!
Certificate of Registration as a Debt Service Management Service Provider #80093 issued by:
STATE OF OREGON
Department of Consumer and Business Services
Division of Finance and Corporate Securities
PO Box 14480, 350 Winter St. NE, Su. 410
Salem, OR 97309-0495