{"id":5077,"date":"2008-09-17T15:51:01","date_gmt":"2008-09-17T20:51:01","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/09\/17\/eliminate-your-home-debt\/"},"modified":"2008-09-17T15:51:01","modified_gmt":"2008-09-17T20:51:01","slug":"eliminate-your-home-debt","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=5077","title":{"rendered":"Eliminate Your Home Debt"},"content":{"rendered":"<div style='italic;' class='uawbyline'>by S. A. Johnson<\/div>\n<p>Many Americans lose their homes to foreclosure every year. Lenders don&#8217;t always check someone&#8217;s ability to make their mortgage payment. Other lenders don&#8217;t seem to care. There are situations where a change in one&#8217;s life occurs, leading to the homeowner being unable to make their mortgage payment.<\/p>\n<p>If the market value of your home is less than what you owe on your current mortgage, you may qualify for a legal, lender endorsed solution known as a Short Sale. A Short Sale can be accomplished by negotiating with your bank to agree to a sale of your property to a third party buyer for less than what you presently owe on your mortgage balance.<\/p>\n<p>The short sale of <a href=\"http:\/\/millionaireblog.info\" class=\"kblinker\" target=\"_blank\" title=\"More about real estate &raquo;\">real estate<\/a> is not a questionable practice in today&#8217;s softening real estate market, it may be a requirement. The short sale transaction is a legal and much more valuable alternative to foreclosure or even bankruptcy. Banks are motivated to accept short sale offers for a number of good reasons.<\/p>\n<p>The short sale of your home can end in a win-win-win situation for everyone involved:<\/p>\n<p>WIN #1: You win by getting out of a financial predicament. Your home is saved from foreclosure, thus helping you to save your <a href=\"http:\/\/www.meyouworld.net\/EG\/tag\/Credit_Cards.html\" class=\"kblinker\" target=\"_blank\" title=\"More about Credit &raquo;\">credit<\/a> rating. Letting your home to go into foreclosure may adversely affect your credit for up to 7 years.<\/p>\n<p>WIN #2: The bank wins by preventing timely and expensive foreclosure proceedings which could lead to an even more costly expense of  ownership of the real estate by the bank.<\/p>\n<p>WIN #3: The homebuyer of your home wins by getting a solid home at a good market value.<\/p>\n<div class='uawresource'>\n<div style='italic;' class='uawabout'>About the Author:<\/div>\n<div class='uawlinks'>Earn money by helping homeowners sell their homes in 2 weeks.<br \/>\n<a href=\"http:\/\/www.thwebsite.com\/\">Real Estate Professionals<\/a>&#8230;Get top dollar and all cash at closing. <a href=\"http:\/\/www.thwebsite.com\/\">Investors<\/a>&#8230;flip short sales or REOs using our private investor funds!<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Many Americans lose their homes to foreclosure every year. Lenders don&#8217;t always check someone&#8217;s ability to make their mortgage payment. Other lenders don&#8217;t seem to care. There are situations where a change in one&#8217;s life occurs, leading to the homeowner being unable to make their mortgage payment.<\/p>\n","protected":false},"author":1935,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[91],"class_list":["post-5077","post","type-post","status-publish","format-standard","hentry","category-sales","tag-sales"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1935"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5077"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5077\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}