Herb Miles Associate Broker e-Pro Certified Graduate of Realtor Institute  Accredited Buyer Representative 912-223-9204 Herb@HerbMiles.com

St Simons and Brunswick, Georgia Real Estate Homes, Condos, and Investment Properties Georgia's Golden Isles! The perfect place to raise a family or retire! From Brunswick's Waterfront and Historic Downtown, to The Islands,  Coastal Glynn has it all! Your Yellow Jacket REALTOR® for the Golden Isles !   IM '67   "No Other Realtor Will Serve You Better"

5445 Frederica Road St. Simons Island, GA 31522 912-638-6660 877-638-6660

                                                                                                   

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Brunswick & Georgia's Golden Isles! A Great Place To Live!                                                                                                                                     Coastal Georgia Has It All!/p>

 

Avoid Foreclosure!

A Foreclosure is a terrible thing to go through! Depending on the type of foreclosure, it will affect several areas of your life for a long time! It will be harder and/or more expensive for you to buy a car, get credit for furniture, purchase insurance of any kind, change jobs, and on and on...

The best solution is to avoid a Foreclosure if at all possible. In Georgia the standard mortgage instrument is the Security Deed. This is a warranty deed with a reconveyance clause, which transfers title to the property to the lender until the loan is paid in full and according to the terms of the loan agreement. If you default on the loan, a Power of sale clause allows the lender to advertise and sell the property without going through the courts. This a pretty quick process, and almost before you know it, you are evicted from your home!

There are several options to avoid Foreclosure, and the best may be to sell the property before the lender starts Foreclosure. Every situation is different, and I will be happy to sit down with you and see what can be done. You will probably not get market value for your home, but if we can sell it for enough to cover your mortgage and expenses it is better than a Foreclosure. And you may even have a little left over if we get started soon enough. Selling the property to avoid a Foreclosure benefits everyone. As the property owner, you don't have to deal with Foreclosure embarrassment and it's aftereffects. The buyer usually gets a property below market value, and may have the cash to close quickly. the lender is satisfied because he won't have to go through the Foreclosure process, and maybe loose money on the sale after Foreclosure.

If you are having problems meeting your mortgage payments contact me right away! I am always working with potential buyers who are prepared to act quickly to make a deal work so you can avoid Foreclosure, and we may be able to salvage the situation.

Call Me:   912-223-9204            or            Email Me:   Herb@CoastalGlynn.net