Pismo Beach California – Will I ever want to own a home again?
You may be upside down on your mortgage and experiencing a hardship that is disrupting your life and your peace of mind. Right now you most likely want to get out from under the weight of the unaffordable mortgage and never get into homeownership again!
But in time your feelings towards home ownership will change. The desire to have your own place and be able to fix it up the way you want, have family come stay with you if you so desire, to be able to have pets without having to get permission or paying large deposits are amongst the reasons we all want our own home. There is something stabilizing about owning your own home when you can sustain the mortgage payment. And you can’t be kicked out because the landlord quit making the payment or decided to sell the home or move back into it.
The reason I mention this is because most people in a distressed situation just walk away from an unaffordable mortgage and let the home go to foreclosure without ever seeking help or trying to sell the home in a short sale. There are many consequences in doing that including a lower credit score, having more difficulty in getting a car loan or any other kind of loan, having a foreclosure on your public record, employment issues, and you can’t buy another home for 7 years, versus 2 – 3 years for a short sale.
If you owe more than your house is worth and are experiencing a financial hardship, give us a call to find out what your options are. We want to help take the weight off your shoulders and let you start sleeping restfully once again. And yes, the day will come when you want to own a home again and it will be possible. Get a fresh start!
When we talk, we will explain how the process works in detail and answer any questions you may have.
Spencer & Margaret are Realtors and owners of Ocean Breeze Real Estate and are a Certified Distressed Property Expert (CDPE) team.
Phone: 805-709-7646 (Spencer) & 805-709-8535 (Margaret). Email: OceanBreezeRE@gmail.com.
View our homes for sale at www.OceanBreezeRealEstate.com.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
Spencer & Margaret Morris specialize in short sales in Pismo Beach California and all of Five Cities, Santa Maria and the Central Coast California.
