This Couple Are Enjoying Life After A Orlando Short Sale

John and Susan bought a home at the peak before the real estate crash. They paid $325,000 for their dream home. Unfortunately, it isn’t a dream anymore.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

John lost his job and didn’t find a new one for three months. His new job pays 30% less than his old one. Susan’s business income went down as well. They can no longer afford their current mortgage payment and stopped making the payment.

They attempted a loan modification. Their lender wouldn’t reduce their payments. The person they worked with at their lender told them, “You agreed to that mortgage payment and we want you to honor your commitment.”

(Isn’t it interesting how banks that received a bailout like to talk about being honorable and honoring their agreements?)

After a little while their lender filed for foreclosure. They applied for a loan modification again. Their lender said they would forgive the back payments, but the monthly payment wasn’t much lower than before.

They started looking at a place to rent. They found a similar home to rent for $600 less than the payment their lender was offering. They decided to move because the rental was something they could afford
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They moved out, short sold their old house, and stabilized their life. Today they are happier and enjoying their new home without the stress. Thinking about a short sale?