David lindahl give you some of the important real estate scam tips. If you are wrong on your finance, you need to call your lender now. He realizes you might believe your lender is the devil incarnate, but most banks will work with you if you don't ignore their requirements. Once a house falls into foreclosure there is little room for cooperation.
If there is no hope of getting back on track, ask your lender to connect in a short sale. Lenders agree to accept less than is owed on the loan if the borrower can sell their home within a positive time frame. Short sales are fairly complex and require time and patience.
Short sale real estate is naturally priced around ten percent under market value. In some areas, short sale properties are being sold up to 50-percent under market value. It's best to work with a real estate investor who possesses short sale experience and understands the process.
Advertising your home to a private real estate investor is no different than selling to any other buyer. The exception is that investors are experienced and know what needs to be done and when to do it. Working with an experienced investor can simplify and advance the process.
In closing, be certain to read and thoroughly understand any official documents prior to signing them. It's always a excellent idea to have a real estate lawyer review the documents to ensure they are official and will stand up in a court of law if necessary.
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