Foreclosure Prevention (Short Sale)

A short sale is a real estate transaction in which the sale price of a property is less than the amount owed on the mortgage, and the mortgage lender agrees to accept the proceeds of the sale as full settlement of the debt. "Brick by Brick," our company, offers short sale services to homeowners who are facing financial hardship and are at risk of foreclosure. Here's an explanation of how our company handles short sales:

• Avoiding Foreclosure: A short sale allows homeowners to avoid the damaging consequences of foreclosure, such as the negative impact on their credit score and the potential legal ramifications.

• Reduced Financial Burden: By negotiating with the lender to accept a lower sale price, "Brick by Brick" helps homeowners eliminate a significant portion of their mortgage debt.

• Professional Guidance: Your company provides expert guidance throughout the short sale process, making it less stressful and complex for homeowners.

• Preservation of Credit: While a short sale can still affect a homeowner's credit score, it is generally less damaging than a foreclosure, enabling them to recover their financial stability more quickly.

• Assistance in Transition: After a short sale, you can also provide resources and guidance to help homeowners transition to a more stable housing situation.