Think foreclosure is your only option?

Think Foreclosure is the only option?

Think again.

If you find yourself in a position where you can no longer afford your home and you owe more

on in it than it is worth, then an Short Sale may be your best option.

Behind in your Mortgage Payments? Facing Foreclosure? There is help!
AlternativeForeclosureSolutions.com

What reasons qualify me for an short sale?

• Are you upside down on your real estate mortgage?
• Do you owe more on your home than its worth?
• Have you gone through a financial hardship?
• Divorce, Loss of Job, Loss of Income?
• Are you nearing foreclosure?
• Afraid the bank is going to take back your property?
• Is moving a must but you have zero equity?

All these reasons may qualify you for an short sale.

Visit AlternativeForeclosureSolutions.com or call (859) 514-8993 to learn how a short sale may help.

Lake levels at Lake Travis still VERY HIGH!

What do you do this weekend? I went out to my dad's property on Lake Travis. With all of the rain central Texas has been getting since the end of March, I have not spent much time out there... that and because real estate has been so busy this summer... Anyway, my dad has been real busy getting his water system in. This weekend my dad needed help building a shed for his pump.

My partner, Cristina and her father are such the handy at that kind of thing, they came out and helped dad build it. I, on the other hand.... sat back and read the rest of the last Harry Potter book. I'm not going to spoil it for any of you that haven't read it... but I will tell you that it is a GREAT book and it keeps you hanging all the way to the end.

Now for those of you who have been out to my dad's place.... you see in this picture where that dock is? That is where the water is normally... but with this flood... most of the land below is still underwater. It's amazing! We are waiting for LCRA to start letting some of the water out so we can get down there to enjoy the lake.

Short Sales... Alternative to Foreclosure

We have all been hearing about the tsunami that approaches with the flood of foreclosures that is coming to our market. Nationwide foreclosures are widespread and unfortunately we are starting to experience some of that here in Central Texas.

Here are some statistics for you to digest:

Austin/ Round Rock had 2,733 foreclosures in Q1 of 2007.

Austin/Round Rock ranked 34 nation wide in Q1 of 2007 for foreclosures.

Zip code 78664 is ranked 182 on Money Magazine’s foreclosure list.

A majority of those homeowners could have avoided foreclosure if they were able to sell their home in a short sale.

What is a short sale? Folks who have had some kind of personal hardship such as a loss of job, illness in the family, and/or divorce and have fallen behind on their mortgage might qualify for alternatives from their lender to help them out of the situation. A short sale is when someone sells their home for less than what is owed. And that is where my team comes into play.

My team is trained to work with homeowners in this situation to negotiate with their mortgage lenders to agree to allow the homeowner sell the home for less than what is owed, so the homeowner does not need to bring any cash to closing and avoids going to foreclosure. By helping these homeowners, we are bringing the foreclosure rate down one home at a time and thus helping the overall real estate market in our area.

If you know of anyone that needs our specialized services such as a short sale, or anyone else that just wants to purchase or sell real estate, we have the team in place to help your friends and family. Please let us take care of you referrals as if they were our family!