SHORT SALES FOR HOMEOWNERS

Sometimes really good people have really bad problems.

  • Do you owme more money to your lender or lenders than your home is worth?
  • Are you already in a foreclosure and afraid that your property will be foreclosed and that you will have to pay a deficiency judgment?
  • Have you exhausted the possibilities of a Chapter 13 filing or a work-out with your lender?
  • Are you concerned that your credit reports will show that your home was foreclosed at a foreclosure sale?
  • Are the phone calls from so called "investors" an the bank driving you crazy?

IS SHORT SALES FOR YOU?

First you need to know how it works?

  • Find out how much your home is worth?
  • Determine the existing mortgage balance(s).
  • Find a local realtor who knows about Short-Sales
  • Get your purchaser pre-approved

The pre-approval is where OneBetter Mortgage Corp plays a key role.  OneBetter has been granted a Mini-Eagle from the FHA and can get a loan for 97% of the Short-Sale price.  The buyer's other 3% plus closing costs can come from the buyer's savings, a seller's concession or a gift of equity.

The Realtor and you do you negotiate with the Lender(s) and arive at a price at or near market value.

The Short-Sale takes place and you get released from the balance of the mortgage.  For example if you owe $350,000 on your mortgage(s) and the market price of your home is $275,000.  The Bank takes $275,000 less the brokerage commission and closing costs and writes off $75,000.  Under current tax law, the forgiveness of a debt in a mortgage foreclosure situation is not taxable.

NOW FOR THE BEST PART.  AFTER A SHORT-SALE YOU ARE NOT IN FORECLOSURE AND YOU CAN STILL BUY A NEW HOME THROUGH THE FHA.  ONEBETTER MORTGAGE CORP HAS BEEN APPROVED BY THE FHA TO PROCESS LOANS AND HAS EARNED AN FHA MINI-EAGLE.

YOU CAN GET YOUR OWN MORTGAGE FOR THE PURCHASE OF A NEW HOME FOR 97% OF ITS APPRAISED VALUE OR PURCHASE PRICE.  YOU CAN GET A SELLER'S CONCESSION AND GIFTS FROM RELATIVES OR EVEN A CHARITY FOR THE OTHER 3% AND CLOSING COSTS.  ONEBETTER MORTGAGE GETS FHA LOANS ASAP.

888-FHA-ASAP FOR DETAILS, OR SEND US AN EMAIL OR APPLY ON LINE. ONEBETTER MORTGAGE, CORP

888-FHA-ASAP

 

 

Home Status Report

Want to know if a home is still on the market, or if the price has changed? We can help. Simply fill out the information below and with no obligation to you we'll get back to you with your requested information. We guarantee your privacy.
 
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OneBetter Mortgage Corp. is licensed by the NY State Department of Banking, as a Registered Mortgage Broker licensed to place loans through third party providers.


OneBetter Mortgage Corp. 233 East Shore Road Great Neck, New York 11023
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