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Today we would like to speak a little bit about Employment loss. Lots of homeowners have lost their job or taken a considerable cut in pay. I bring this topic up because I have experienced this in my personal life. I’ve seen acquaintances and family members who have worked for businesses for several years and have lost their jobs. There are also a few who have taken a wage cut in order to retain their employment.
The unemployment rate in the Orlando area is high and i know that it is an issue. This has led to a troubling trend of Orlando potential short sale clients who are utilizing their savings account and their retirement account to keep up with their loan. They are simply trying to hold on to their Orlando property. Nevertheless, nine times out of ten, they end up losing their home and their funds.
I would persuade you to not throw good money after bad. If you have lost your job or witnessed a loss in income and in an upside down property, do not begin using your funds to keep your home. You will end up in a poorer situation, from my experience. Don’t leave the house or go through foreclosure. That is the worst route to pick. Short sale your Orlando house.
Here at the Mark Alan Adams Team, we are Orlando short sale agents. If you have had a loss of wages, we can build a case for your bank to aid you with your Orlando short sale. Sign up for our at no cost short sale package to receive more details in relation to Orlando short sales. we’d happily talk with you about your alternatives in this challenging time.
Get more help from short sale expert, Mark Alan Adams, at Orlando Short Sale Expert presented by the Short Sale Specialists of Orlando