The Giff Group Helps Homeowners Who As Fallen Behind On Their Mortgages
The Giff Group is now helping home owners who as fallen behind on their mortgage by giving them an option to short sale the home and avoid foreclosure. This option is provided to homeowners who as fallen behind or whose home is worth less than what
Online, June 21, 2013 (Newswire.com) - The Giff Group is an Orlando Short Sales Specialist who is now helping homeowners to avoid foreclosure. They provide complimentary consultation to determine if a short sale is the best option for homeowners.
The Giff Group provides a wealth of information as to what is a short sale and help with the process. Homeowners are told that a short sale is a process of which you sell your home for less than what you owe on your mortgage. Short sales often occur in real estate when a lender comes to agreement in accepting a shorter pay off amount on a loan rather than what is owed to their property. When an Orlando short sale transaction is in action, the borrower will be indebted more on their loans and liens versus their property's worth at its current market value. Also, a lender will only agree to a short sale generally when the borrower can give account that they are in some type of hardship.
A great advantage a home owner would get from short selling their home is that their record will usually recover within two years, which will give them the time to pay off old debt, establish new credit once again, and qualify for loans. Simply put, their credit history will read as "settled in full" or "paid as negotiated", however, it will not be displayed as "short sale". A short sale is not an actual item on their credit so it will usually not affect any future employment where as an Orlando foreclosure keeps its title while potentially turning away employers, or even sacrificing your current job title as stated by The Giff Group
The Giff Group as helped many home owners do successful short sales and release them from financial burden. This is one alternative to consider. Here is a helpful website the group offers to help homeowners determine if a short sale is right for them http://orlandoshortsalesnow.com/ On the site there is information and also a financial calulator. Legal advise is also recommended before making any financial or legal decision The Giff Group states.