LINKS
At AOI, we believe that the more thoroughly a client is educated and informed about Short Sales, the better equipped they will be to understand the challenges they face, and how important it is to have an advocate like AOI helping them through the process.
The following links have been gathered to present additional information on Short Sales. All of the links on this page feature information that has been developed and maintained by both government agencies and private organizations. Visit these sites to learn more about Loss Mitigation.
Homeowner’s Guide to Success:
What to do if you can’t pay your mortgage
Unexpected events can cause hardships, which sometimes lead to difficult situations. Difficult situations can result in having to make tough decisions. The U.S. Department of Housing and Urban Development (HUD) has published a guide that can help you determine which bills are most important to pay and the priorities of when to make those payments.
There is also information on how to avoid foreclosure relief scams and bogus legal help:
https://www.hud.gov/sites/dfiles/Housing/documents/RevUpdHmownSuc121518fnl.pdf
Short Sales & Foreclosures:
The National Association of Realtors® has provided the guide below, which addresses situations that can lead to Short Sales and what to do in those situations.
Realtors® offer a unique view on Short Sales, which everyone can benefit from:
https://www.nar.realtor/short-sales-foreclosures
Homes For Sale:
We are frequently asked, “How can I buy a Short Sale property?”, “Can Short Sale Properties be less expansive than a standard transaction?”, and similar questions. The page below addresses all that and more:
https://www.hud.gov/topics/homes_for_sale
What is a Short Sale?
This information, from Consumer Finance Protection Bureau, provides more details on the benefits of Short Sales vs. Foreclosures:
https://www.consumerfinance.gov/ask-cfpb/what-is-a-short-sale-en-290/
Avoiding Foreclosure Rescue Fraud:
https://myhome.freddiemac.com/blog/homeownership/20200402-avoiding-foreclosure-rescue-fraud
Foreclosure Rescue Scams and Home Equity Theft:
https://www.dfs.ny.gov/consumers/scams_schemes_frauds/foreclosure_rescue_scams
Making government services easier to find:
To file a complaint against an attorney:
https://ww2.nycourts.gov/attorneys/grievance/complaints.shtml
Loan Modification (Bank of America):
https://homeloanhelp.bankofamerica.com/en/loan-modification.html
Mortgage modification programs (Chase Bank):
Selling the home for less than you owe (Chase Bank):
Is a Short Sale right for you? (Bank of America):
https://homeloanhelp.bankofamerica.com/en/short-sale-process.html