What to Do When You're Underwater

    You're underwater or behind on your mortgage; what are your alternatives?

    • Loan modification?
    • Walk away?
    • Deed in Lieu?
    • Bankruptcy?
    • Short Sale?
    The first thing anyone in this situation should do is find our what alternatives are available. Start with the free services available from the State of Washington Attorney General's office and the federal Department of Housing & Urban Development (HUD).  The three videos below provide some important guidance on choosing the best solution for your specific situation.
  
    If you decide you want to do a short sale, we recommend that you consult with a legal firm that specializes in this area of law. We can recommend a law firm that meets with distressed property homeowners. You'll meet with them for a one-hour consultation to lay out your alternatives. You'll pay them a flat fee of $150 for the consultation and come away with a clear understanding of your options.
 
    Alternatively, we will provide a free consultation with a licensed real estate broker who specializes in helping distressed homeowners. With either alternative, you'll be able to make a rational decision about what to do next.
 
    If you decide that your best alternative is to do a short sale, we'll help you make that happen. Call us at 425-557-7641 to discuss this further with complete confidentiality, or send us your contact details and we'll call you.
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Overview of the 2011 Washington Foreclosure Fairness Act

Meeting with a HUD Housing Counselor

Short Sale Solution


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RE/MAX Eastside Brokers
11555 SE 8th Street, Suite 200 • Bellevue, WA 98004
Direct 425 5577641 • Tollfree 8008828931




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