Don't Let Your Short Sale Leave You Taxed!

If you, or someone you know, owe more on your home than it's worth and need to sell NOW is the time to contact me!  Time is running out to save yourself from what could be a significant tax implication in the future.

In 2007, the Mortgage Forgiveness Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure.

The act has helped many distressed homeowners find solutions that help them avoid foreclosure and opened up options to them that were previously unavailable.

However, the Mortgage Forgiveness Debt Relief Act was always intended to be a temporary solution and it is now set to expire at the end of 2013. For distressed homeowners, this means that time is running out for them to take advantage of the program and potentially save themselves tens of thousands of dollars.

If you know of anyone who may need my expertise, please have them visit my website www.HomesByCindyB.com for a copy of my recent report entitled “Don’t Let Your Short Sale Leave You Taxed”  or you can contact me for a copy.

And then contact me for a confidential consultation today so we can get started!

Been thinking about selling your home?

If you’ve been thinking of selling your home, but don’t believe it is worth enough to cover what you owe, you might be pleasantly surprised. The reason? Prices have gone up significantly during the last year!

This simple fact has helped a market that only about one year ago was still bouncing off the bottom, begin the slow, but steady process of recovery. As a result, people are buying homes again. 

I have a report that explains in detail why prices have gone up and why your home might be worth more than you think! Let me send you my report entitled “The Great Housing Rush.”  I believe you’ll be surprised by when you read the report. You can get the report by contacting me at cbreneman@prudentialindiana.com or by downloading it at my short sale site.

Once you are done, contact me today at for a free market analysis.

Get Paid to Sell the Home You Can’t Afford!

When the housing market crashed in 2008, millions of homeowners suddenly found themselves in danger of losing their homes to foreclosure. To help these homeowners, in 2009 the U.S. Treasury launched the Making Home Affordable (MHA) program, which is comprised of several subprograms designed to help distressed homeowners avoid foreclosure.

One of the most talked about elements of the MHA program is the Home Affordable Foreclosure Alternatives program, or HAFA. The HAFA program creates options for homeowners who owe more on their mortgage than the property is worth and don’t know what to do. Even better, it allows relocation assistance of $3,000 to be paid to eligible homeowners in this situation.

HAFA also helps the process go more quickly by mandating that banks keep in contact and make decisions in a timely fashion. To learn more, you can download my free report entitled “Struggling to Make Your Mortgage? Uncle Sam May Pay You to Sell Your House!” by filling out the form below. 

As a real estate professional with the Certified Distressed Property Expert (CDPE) designation, I offer all of my clients the benefit of the best expertise and insights when it comes to foreclosure avoidance.

Contact me at cbreneman@prudentialindiana.com or 317.442.9786 if you would like to learn more about how this program may be able to help you.

WHAT HAPPENS WHEN YOU DEFAULT?

This is the first in a series to help homeowners facing default.  Many homeowners don’t realize that there are options available to them other than losing their home to their lender through foreclosure. 

WHAT HAPPENS WHEN YOU DEFAULT?

When you miss a mortgage payment you are considered to be in default.  Some times your lender will contact you to see about the missing payment, many times they don’t.  As a general rule, lenders will not contact you until after at least 30 days have passed since many defaults get rectified within those first 30 days.  If your lender calls, talk to them, if they don’t call, you call them.  Either way, get them on the phone and  talk to them!   Explain to them why you have missed your mortgage payment, if you are going to be able to continue paying your mortgage or not, and if you would like to stay in your home.  Don’t be afraid or embarrassed to talk to them, they do have solutions to help you.

If you miss one payment the lender’s first solution is going to be to take that missed payment and spread it out over a few months (most likely three) to get you back on track.  If that would work for you and you can handle those extra bucks for the next three months then go for it.   But if you know that this situation is toxic and that you are not going to be able to continue to make your original payments once the shortfall has been made up, then it’s time to start thinking about your options.

Find out from your lender what options you have available and then talk to a professional to help you evaluate those options.

Next in the Series: They Are Not the Enemy!

It's a Sign of the Times....But It Doesn't Have to Be!

Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled. 

But upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll.  Since 2007, 7.9 million homeowners have lost their homes to foreclosure. Current estimates are that one in four homeowners owe more on their mortgages than they could get from the sale of their home. Millions more homes will be lost to foreclosure before this real estate crisis runs its course.

The sad fact is that foreclosure is not an isolated event. For months leading up to the loss of a home, financially strapped homeowners live under a cloud of uncertainty.  And then for many years afterwards, the blow to credit gets in the way of buying another home or buying anything on credit. Foreclosure even complicates employment prospects.

The impact of foreclosure is huge and the sad fact is that it’s often avoidable.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, my mission is to provide financially strapped homeowners with options to foreclosure, ensure that they steer clear of scams, and help navigate them through the solution that best meets their needs.

Among the most important facts to keep in mind: the sooner help is sought, the better the options.

These are tough times, but more help is available than ever before. If you or someone you care about is ready to navigate away from the dark cloud of an unmanageable mortgage and realize that hope and blue skies are within reach, contact me today and let’s get started.