This is a process of turning the property over to the bank and avoiding a foreclosure on your property.  Banks are usually reluctant to accept the property because they have thousands of other foreclosed home to sell. However, this is a great option if you can get the bank to accept the property without issuing a deficiency judgment.

This is a process of hiring an attorney to question the validity of the foreclosure lawsuit.  This process delays the foreclosure sometimes to over a year but in the end you still lose your home due to defaulting on mortgage payments.

This is the act of renegotiating the payment terms of the loan.  The banks traditionally do not lower the mortgage amount, only the monthly payments.  In other states where the properties depreciation was not as steep as South Florida, it would make sense. However, in South Florida, you have to take into consideration that the property has a substantial amount of negative equity and property taxes are high. As a result, this option is rarely ever a realistic solution. Statistically most people do not qualify for modifications because the applicants cannot prove a hardship. Even if the modification is granted, most homeowners default on their loan again in an average of 9 months.

This is the act of negotiating a sale of the property for less than the value of the mortgage.  If done correctly it can resolve your foreclosure and prevent extensive damage to your credit.  Banks are willing to negotiate short sales because it saves them from having to manage and sell the property after foreclosure. Additionally, a short-sale prevents the bank from paying additional legal, tax, and maintenance expenses.

STEPS PIQUET REALTY WILL TAKE TO SELL YOUR HOME TO PREVENT FORECLOSURE:

Are you a current homeowner facing foreclosure?

Piquet Realty can provide the following services to assist you:

All of these services are provided to the homeowner without any upfront fees for the homeowner.

CREDIT REPAIR and MORTGAGE SERVICES

Credit Heaven is an Affiliate Company of Piquet Realty and offers various credit and Mortgage services including: 

LEARN MORE ABOUT FORECLOSURES AND THE CREDIT CRISIS

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Without banking relationships and experience, the communication with the bank fails.  Piquet Realty has a team that knows how to package the information in a way the bank understands and appreciates.  The tea also understands the operations of the banking industry to ensure the negotiations are beneficial to all parties necessary to move forward.

Without real-estate sales experience, even if the short-sale is negotiated at a good market price, the property will not sell fast enough and the short-sale attempt may fail.  Piquet Realty has international and domestic buyers lined up and ready to purchase properties in short-sales.

The bank negotiations take time.  Without proper legal representation all the leverage is on the bank's side.  Piquet Realty has established partnerships with attorneys that have proven experience in the foreclosure defense arena.  If your loan was not closed properly or the bank failed to follow all of the mortgage regulations, we can extend the time for negotiations and lower the price for a better chance of sale.