Facing Foreclosure in Palm Beach or Martin County?  We have information on how to avoid foreclosure on your home that will help you make the right decisions for yourself.  2013 is the year to avoid foreclosure as the tax foregiveness act was extended.  It is great news!



Is your home underwater?  Do you owe more than your home is worth?  When will you be in an equity position again?  The Treu Group, your Palm Beach County Short Sale Agents and Martin County Short Sale Agents have a Free Tool for you to get information and it is confidential.




The short sale agent that you select for your underwater Palm Beach County or Martin County home matters.  The Treu Group is the short sale expert that can help you avoid foreclosure on your Palm Beach County or Martin County home.  It only takes one phone call to your Palm Beach County or Martin County Short Sale Experts...go ahead and call The Treu Group.  

561-352-3056

All Inquiries Are Confidential

 

Certified Distressed Property Experts

Worried About Losing Your Home To Foreclosure in Palm Beach County or Martin County?  Your local CDPE real estate agents know how to help you.

The Treu Group is Palm Beach County and Martin County Certified Distressed Property Experts (CDPE), and can help you find avoid foreclosure.  We are your short sale agents that specialize in Palm Beach County and Martin County real estate.  It is important to have a Proven Short Sale System and The Treu Group, your Short Sale Team has that system.  When attempting to avoid foreclosure, your choice of your Palm Beach and Martin County short sale agent matters.  Our goal is to negotiate with your lender and help you avoid a credit-destroying and emotionally-damaging foreclosure.  We have been doing short sales for years and have helped clients in almost EVERY city in Palm Beach and Martin County.  You can trust in your Palm Beach County and Martin County short sale agents, The Treu Group.

Why Not Let your Palm Beach and Martin County home Just "Go Back To The Bank?"

In the moment that seems like a good decision.  In fact, it might even feel really good.  While it may not seem like it now, there will come a time when your current financial troubles will pass.  You will feel much better knowing that you did everything you could to avoid this devastating financial consequence of a foreclosure on your underwater Palm Beach and Martin County home.  Fannie Mae has stated that they will seek the deficiency if the homeowner did not attempt to avoid the foreclosure.  The chance at avoiding foreclosure takes just a little effort and cooperation on your part.  As your Palm Beach County short sale experts, we will do all the rest, and invest our time, money, and effort.  You can avoid foreclosure for your Palm Beach County or Martin County home by simply calling us today.  You can reach me at 561-352-3056.

Reasons To Avoid Foreclosure on your Palm Beach and Martin County home:

 

Issue
Foreclosure
Successful Short Sale
Future Fannie Mae Loan – Primary Residence (Effective May 21, 2008)
A Palm Beach or Martin County homeowner who loses a home to foreclosure is ineligible for a Fannie Mae backed mortgage for a period of 5 years.
A homeowner who successfully negotiates and closes a short sale will be eligible for a Fannie Mae backed mortgage after only 2-3 years on average.
Future Fannie Mae Loan – Non Primary Residence (Effective May 21, 2008)
An investor who allows a property to go to foreclosure is ineligible for a Fannie Mae backed investment mortgage for a period of 7 years.
An investor who successfully negotiates and closes a short sale will be eligible for a Fannie Mae backed investment mortgage after only 3 years.
Future Loan with any Mortgage Company
On any future 1003 Application (Standard Loan Application), a prospective borrower will have to answer YES to question C, in Section VIII, that asks, “Have you had property foreclosed upon, or given title or deed in lieu thereof?” This will affect all future rates.
There is no similar declaration, or question regarding a short sale.
Credit Score
Score may be lowered anywhere from 250 to over 300 points. Typically, this will affect score for over 3 years.
Only late payments on mortgage will show, and after sale, mortgage will be reported as paid or negotiated. This will lower the score as little as 50-60 points, if all other payments are being made.  A short sale’s effect can be as brief as 12 to 18 months.
Credit History
Foreclosure will remain as a public record on a person’s credit history for 10 years or more.
A short sale is not reported on a credit history. There is no specific reporting item for “short sale.” The loan is typically reported as “Paid in full, settled.”
Security Clearances
Foreclosure is the most challenging issue against a security clearance, outside of a conviction for a serious misdemeanor or felony. If a client has a foreclosure, and is a police officer, in the military, a government employee, a security officer, or any position that requires a security clearance, in almost all cases, clearance will be revoked and position will be terminated.
A short sale, on its own, does not challenge most security clearances.
Current Employment
Employers have the right, and are actively and regularly checking the credit of all employees who are in sensitive positions.  A foreclosure, in many cases, is grounds for immediate reassignment or termination.
A short sale is not reported on a credit report, and is, therefore, not a challenge to employment.
Future Employment
Many employers are requiring credit checks on all job applicants. A foreclosure is one of the most detrimental credit items an applicant can have, and, in most cases, will challenge employment.
A short sale is not reported on a credit report, and is, therefore, not a challenge to employment.
Deficiency Judgment
In 100% of foreclosures (except in those states where there is no deficiency) the bank has the right to pursue a deficiency judgment.
In some successful short sales, it is possible to convince the lender to give up the right to pursue a deficiency judgment against the homeowner.
Deficiency Judgment Amount
In a foreclosure, the home will have to go through an REO process if it does not sell at auction.  In most cases, this will result in a lower sales price, and a longer time to sell in, a declining market. This will result in a higher possible deficiency judgment.
In a properly managed short sale, the home is sold at a price that should be close to market value, and, in almost all cases, will be better than an REO sale, resulting in a lower deficiency amount.

 

We are here to help.  Simply contact us now for your Palm Beach and Martin County foreclosure and short sale questions.

What Is A Certified Distressed Property Expert?

Eighty-five percent of homeowners experiencing financial distress say their first contact will be to a licensed agent.  Yet, fewer than 1 percent of agents consider themselves foreclosure or distressed property experts.  The Treu Group has the experience to get you to the closing table in Palm Beach and Martin County.  As your short sale expert, we know how to help you.  Any certification is the first step.  Before hiring any short sale agent,  be sure to ask for a list of short sale closings as nothing replaces experience.  The Treu Group, Palm Beach County and Martin County short sale real estate agents are here to help you avoid foreclosure.

As a Certified Distressed Property Expert (CDPE), Steve Treu knows that information, expertise and connections are critical to helping you avoid foreclosure.  Is a designation enough?  Of course not.  It is step one.  The real question is how many homeonwers has the agent actually closed with your bank.  The Treu Group, your Palm Beach and Martin County short sale agents, most likely have done a short sale in your area and with your bank..  Selecting the right short sale team can be the difference between sold or foreclosed.

What Is A Short Sale?

A Short Sale is when:

  • A homeowner is authorized, by the bank, to sell for less than what is owed on the mortgage.
  • The lender authorizes or accepts the sales price as a payoff.
  • The seller avoids a credit-destroying foreclosure, and sometimes they can also avoid a deficiency judgment.

Why Would A Lender Agree To Lose Money?

  • A lender loses significantly more money if they have to incur the additional expenses of a foreclosure, as opposed to accepting a short sale.  Doing a short sale is smart for homeowners as well as your lender. 
  • We help them see that it a win-win solution to a difficult situation.
I've Already Received My Foreclosure Notice.  Is It Too Late For A Short Sale?

  • The short answer is no.  The foreclosure process is changing everyday and we are knowledgeable of the changes that impact our clients. 
    The right short sale team, like The Treu Group 
    can help you extend the foreclosure timeline up to 6 months, and in many circumstances up to 7 or 8 months.  The Treu Group is here to help you avoid foreclosure too. 
  • A home sale can be done and approved, up to the day of the bank sale, or auction of the home.

I Haven't Missed Any Mortgage Payments.  Can I Still Do A Short Sale?

  • Often times, the lender will not consider a short sale if there have not been any missed payments.  That issue can be overcome if we can show a compelling reason (hardship) why the payments have been made, and why the payments are going to stop in the near future.  We would need to show how the payments were made, and where the money came from.  If the payments were made with your credit cards, by borrowing from family members, or even if the money came from retirement accounts, as an example, it would help build the case.  This will not guarantee that the lender will accept the short sale, however, there are instances where they have done so.

Do you have a Luxury home in Palm Beach County?

  • The Treu Group has an Exclusive Marketing Plan that will allow us to give your special home the exposure it deserves including radio exposure,Sportstar Relcoation, and international and cash buyers.  We know how to get your Luxury home in Palm Beach County and Luxry home in Martin County sold and closed as your Short Sale Luxury Agent. 
  • We are a team with Designated Short Sale Agents selling in Palm Beach County and Martin County and have the experience and connections to get you to the closing table.  Call us, you'll know we are the right team to help you.  Selling a Palm Beach County and Martin County Luxury Short Sale takes expertise, The Treu Group can help as your Luxury short sale agents.
     

How Do I Pay The Realtor Commissions, Taxes And Other Expenses Associated With A Home Sale?

  • The homeowner doesn't pay any of the expenses associated with the sale of the home, such as commissions and other closing costs.  You can have the expertise of a proven Palm Beach County and Martin County short sale real estate agent.  Those expenses are paid by the lender.  They are, however, included as part of the total shortfall that the owner would be responsible for, if the bank is successful with a deficiency judgment or promissory note.
  • The bank may ask the homeowner to reduce the lender's loss by making a payment, if the homeowner has any "extra" money in savings accounts, etc., or by signing a promissory note.
  • In December 2007, President Bush signed into law, the Mortgage Forgiveness Debt Relief Act, which eliminates the capital gain income tax that used to be levied on the forgiven portion of the primary residence's sale.  The tax is still in effect for second homes, and investment properties.  This is important as the law was until December 31, 2012.  The law has not been extended as of this date so it will be wise to speak to your tax accountant.  If you are thinking of selling as a short sale, call your Paml Beach County Short Sale Team at 561-352-3056.


    To speak confidentially with the Treu Group, your Palm Beach County and Martin County Short Sale Experts, simply contact us now.  We can help you find out how to do a short sale.  You have questions, we have answers to help you avoid your foreclosure.  

You deserve the best while selling your Palm Beach and Martin County home as a short sale...
The Treu Group, your Martin County and Palm Beach County short sale real estate agents, is that option. 

Let our Family of Agents help YOUR Family.

IMPORTANT NOTICE:
Keller Williams Realty is not associated with the government, and our service is not approved by the government or your lender.Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.