Know Your Options, Know Your Choices... 

Get information on the value of your home with a quick value check.  Know how the foreclosures in your area have affected your home's value.

The first and most important part of negotiating with your lender on a possible loan modification, repayment plan or short sale is knowing what your home worth.  Including a loan payment for a $150,000 mortgage on a home that is only worth $125,000 into a bankruptcy can cost you as well.

Click the below "read more" link and your home's value range will be reported to you within 24 hours.

If you have received a notice of default and are facing foreclosure, Today's Real Estate can help.

Today's Real Estate provides short sale and loss mitiagation services to homeowners who have received a notice of default on their loan or lis pendens. 

Why should sellers consider a short sale of their home facing foreclosure?

Sellers benefit more with a short sale versus a foreclosure.  According to David Steep, division manager at Vitek Mortgage,   Sellers take a bigger hit on their mortgage undergoing a foreclosure instead of doing a short sale.  The seller will take a hit averaging 250 to 280 points with a foreclosure versus 80 to 100 points with a short sale.

The wait to purchase another home differs as well.  Sellers can expect to wait about 36 months to purchase another home with a foreclosure versus 18 months with a short sale.

Avoid a "Junk Fee" Judgment

A homeowner may also receive a judgment for MORE than the amount owed.  How?  If a homeowner owes $200,000 on a home at the time of foreclosure, the lender can add on additional fees for the cost of the foreclosure to include thousands for skip tracing (to find the homeowner), legal fees, holding costs for the home, etc...  A homeowner can easily receive a judgment in excess of 20 or 30,000 in "junk fees" from the lender.  By negotiating upfront and removing the capability of the lender to sue you, you can easily eliminate a substantial judgment being placed on your credit report.


A short sale may help you avoid losing your home, being foreclosed upon or filing bankruptcy.  Being foreclosed upon can be extremely stressful and embarassing.  Pursuing other avenues to avoid foreclosure if possible is highly recommended.  Many times, homeowners are faced with having to make choices very quickly during a foreclosure wthout all the answers.  Many homeowners in this situation act too late or just don't know where to turn.