Owner/agent
Are you losing your home? We Can help!
Usually, when people are losing their home, they try and ignore the problem.
What people don't realize about foreclosure is that not only does it trash your credit, but when your house is sold at auction, the loss incurred by the bank could be 1099'd to you as income that you'll be required to pay taxes on. Following is an example:
| Amount owed on home | $150,000 |
| Auction Price | $125,000 |
| Loss to the bank | $25,000 |
| Amount 1099'd to you as income | $25,000 |
What this means is that you could potentially owe the IRS taxes on the loss to the bank of $25,000. They call this "recapture". IRS 2004 Publication 523 If you don't pay the taxes, IRS penalties and fees will accrue quickly. Unfortunately, it's difficult to get rid of this kind of dept even through bankruptcy.
Hope springs eternal, and most homeowners hope something will come along and save them. By the time they realize that losing the home is eminent, the house goes into foreclosure, bills pile up and investors start to circle for the easy pickings, hoping to get your house for cheap.
Please don't stick your head in the sand! Keep your home. Restore your credit. Keep your kids in the school they're enrolled in. Keep this problem private. Don't let this turn your life upside down.
We have a win/win solution. Instead of losing your home, let us lend you enough money to upright your loan and let you stay in your home, restore your credit and save you from being put out on the street. We won't raise your payment, and you can pay us back in a few years when you're in better shape financially.
Please click here to see how we structure our transactions.
If you know someone in this situation and you refer them to us and we are able to do business together, we'll pay you a $250 finders fee.
Please call me for details.
Adam Albright
602-738-3882