Homeowners continue to face difficult circumstances.  Lost jobs, loss of income, medical bills, increasing mortgage payments and many other problems can arise and disrupt the best laid plans. 

What do you do when you can no longer manage your mortgage payment?  You have many options you can explore, including a loan modification, forbearance, repayment plan, temporary payment reduction plan or short sale.  Your lender may have other options, too, but you won't know what is available if you don't start communicating with your lender.

The government has setup a website to help you identify options available to you. 

Making Home Affordable

We personally recommend contacting your lender and then calling a HUD approved housing counselor.  Having a counselor on your side can help you expedite the process with your lender.  You can contact one by calling 1-888-995-HOPE (4673). 

Nystrom Realty is well equipped to help you with a short sale.  Call us to discuss how we can help you when no other option is available or feasible for you.