Avoid Foreclosure

 

Dear Homeowner,

If you are behind on your mortgage payments or will soon fall behind, we can help you sell your house, even if you owe more on it than it's actually worth. We do this through a method called a "short sale".

So what exactly is a short sale? A short sale occurs when a lender agrees to accept a payoff amount that is less than the amount actually owed on the property. For example, let's say someone agrees to buy your house for $150,000, but you owe $170,000. In a normal situation, you would have to bring $20,000 to the closing table just to be able to pay off your mortgage. But in a short sale, the lender would agree to accept $150,000 instead of $170,000, which means you can sell your house without having to come up with $20,000.

So why would a lender ever agree to this? Well, if you have a financial hardship and you make it crystal clear to the lender that you will no longer be able to make your payments, they would much rather short sale your house instead of foreclosing on it. In the previous example, if the lender foreclosed on the property, they would probably end up having about a $40,000 loss instead of a $20,000 loss. It is VERY expensive for a bank to foreclose on a house, and they will try to avoid it at all costs.

We have been doing short sales in North Idaho since 2005, and we have a very high success rate. There are absolutely no up-front fees. We are only paid when the house closes, and we are paid via a normal real estate commission that we negotiate with your lender.

This program is only for people with financial hardship who understand that they need to sell their home to prevent a foreclosure. If you want to stay in your home, we unfortunately do not have a program that can help you.

If you are interested in learning more about this program or would like to book an appointment, please give us a call or fill out the form below and we will contact you shortly. We look forward to helping you and your family.

Sincerely,

Kevin Pickford

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I was able to avoid the nightmare of going through a foreclosure without taking on additional loans or filing bankruptcy, even though my mortgage payoff was higher than the market value of my house. I don’t ever have to think about that house again!

– Bobbie from Rathdrum, ID

We couldn’t find a buyer for our house because we owed $7,000 more than it was worth. Kevin was able to negotiate with my lenders and sell the house for us, saving us from a foreclosure.

– Sharon from Coeur d'Alene, ID

Thanks to the Kevin Pickford Team, my credit won’t be ruined for the next seven years because of a foreclosure. Less than one week before our house was going to be foreclosed on, they negotiated directly with our lender to postpone the auction and sell our house.

– Andre from Post Falls, ID

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