Reasons for Financial Hardship

I have yet to meet with a potential short sale client and have them say “I have the money, I just don’t feel like making payments anymore”. No, the people I speak with everyday hate the situation that they are in and would give anything to undo it. They are not irresponsible. They do not spend extravagantly. Often, they have tapped out every resource that was available to them trying to hold on to their home and are now faced with a seemingly impossible situation. Some were victims of sub-prime lending. Most actually had equity in their homes until the market took a dive but now find themselves upside-down.

Team Leung understands the various situations that can when combined with a subprime or even 30 year fixed mortgage, or on their own cause a property and homeowner to become distressed.

Payment Increase or Mortgage Adjustment

Loss of Job

Business Failure

Damage to Property (not covered by insurance or insurance did not pay enough)

Death of Spouse or other family member

Severe Illness resulting in medical bills and/or time away from employment

Inheritance of bills, debts, and maintenance of a property

Divorce or Separation

Relocation

Military Service

Insurance and/or tax increase

Reduced Income

Too Much Debt and/or increasing interest rates on credit accounts

Incarceration

If a financial hardship is affecting your ability to pay your mortgage, Team Leung may be able to help. If you want to try to keep your home, we will work with you to seek a loan modification that you can afford. When that’s not possible, we will help you get your home sold quickly through either a traditional sale or short sale, with as minimal damage as possible to your credit file, and be there as you transition on to the next phase in your life.