You Have Questions? We Have Answers!

Chances are, you or someone you know is facing the possibility of foreclosure. But you need to understand that you are not alone. Today, nearly 1 out of every 6 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it's important to identify your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged.

Through my experience handling distressed properties at RE/MAX Country, I've found that homeowners today have more questions than answers about their circumstances. I am here to help you understand the possible solutions to foreclosure, as well as provide a detailed explanation of short sales, which may be the best course of action for some homeowners. The idea of a home can be overwhelming, and I feel it is vital for you to have all the facts necessary to make an informed decision.

As an agent with the CDPE, 5-STAR, CNE and MDI Designations, I have a strong and unique appreciation of the factors affecting the market, and know that there are options available to you. If you would like to know more about your options, please call me at (360) 400-3475 or email me at cynthia@cynthia-online.com for your FREE consultation.

I am here to help in any way I can.

Cynthia Schmier

Owner/Broker

CDPE, CRS, CIAS, MDI, MRP, 5-STAR, CNE, SRS

What is a Short Sale?

A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.

But to be technical, here's a more official definition:

A homeowner is "short" when the amount owed on his/her property is higher than the current market value.
A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then "sold short" of total value of the mortgage.

For homeowners to qualify for a short sale, they must fall into any of all of the following circumstances:

Financial Hardship: - There is a situation causing you to have trouble affording your mortgage.
Monthly Income Shortfall: - In other words: "You have more month than money." A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
Insolvency - The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. I am ready to identify all possible options and, when possible, assist in the quick execution of a short sale transaction.

If you have questions or feel you may qualify for a short sale, please contact me for a free consultation.

Understanding your options now could mean all the difference in the world.