I’m facing foreclosure or pre-foreclosure right now, can SBSSS help FAQ's?:

• Can SBSSS help if I’ve already started a short sale negotiation?

o   Yes. If you haven’t actually submitted your short sale package to your lender(s) then you can become a member today and see to it that you put together a complete short sale package the way your lender wants and needs you to. Since lenders are being inundated with short sale requests, if your short sale package is not completed to their satisfaction and has ALL of the required documentation to successfully receive your short sale price, you should call your lender today and tell them to discard the package you’ve already submitted as you will be resubmitting a more complete file so that they can more quickly assess your property with better, more relevant information. An incomplete package will make you appear unprofessional and will give you the fast track to the back of your lender’s short sale line, most likely resulting in short sale failure. Become a member today and re-build your case with our step-by-step guide. Since you’ve already completed many requirements of the short sale package this reproduction shouldn’t take an inordinate amount of time and you should be on your way towards success very quickly.

• Can SBSSS help if I’ve already entered into pre-foreclosure?

o   Yes. In fact, most short sale candidates, as well as StepByStepShortSale’s property owner clients, have entered into pre-foreclosure. Pre-foreclosure occurs as soon as a property owner becomes delinquent on their mortgage payments, their lender(s) file the paperwork to foreclose on the property and repossess the property so that they can sell it in an attempt to collect their debt. If you’re presently in pre-foreclosure we strongly encourage you to become a member today. The clock is ticking as to how long you have before you experience foreclosure. Don’t fall victim to a foreclosure and let it ruin your credit for 10+ years. Regain your peace of mind and become a member today.

• What if my house has already experienced foreclosure and sold at auction?
  
  • Many states such as Colorado, Michigan, and Minnesota, to name a few, allow for short sales to still be negotiated during the redemption period that follows a foreclosure. If your house has been sold at auction already, you’ll want to find out if you’re currently in the redemption period, and for how long that redemption period lasts for. You’ll want to find this information out from the same office that auctioned your property in the first place. Normally this is handled by your county Sheriff’s Office. If you’re currently in the redemption period, the clock is ticking and you need to become a member today and start building your short sale case now. If you’re able to reverse the foreclosure and are successful at your short sale negotiations then you’ll be able to salvage your credit and will most likely be able to have the devastating foreclosure removed from your credit report. By not having a foreclosure or bankruptcy on your credit you will be drastically increasing your chances of significantly more quickly obtaining many items we deem necessities these days including, but not limited to a new home loan, a car loan, a credit card, a gas card, an apartment rental lease, or even a job.