How to Recover from Consumer Debt After A Short Sale

Posted By PremierLots on December 17, 2009

If you are facing a short sale situation and/or a possible foreclosure- chances are, you may have some other outstanding debt to deal with as well.

When you aren’t able to make your mortgage payments, it leaves little left for anything else. Therefore, you find yourself putting life’s necessities (food, gas, etc.) on a credit card, all the while piling on a growing mountain of debt with high interest.

Perhaps you’ve been reading up on short sales and doing your homework on how to best solve your mortgage situation, but where does this leave you financially if your consumer debt goes ignored?

Bellevue Short Sale Experts have a team of debt specialists who work with people who want a way to resolve their consumer debt and get back on track financially. You don’t have to live with your current high interest rates and massive debt that you simply can’t afford. If you leave your debt unsettled, barely making your minimum monthly payments it will be extremely difficult to find financial peace. Bellevue Short Sale Experts likes to think that resolving your consumer debt issue is just an additional part of the comprehensive short sale solution.

Similar to short sales, there is a lot of misinformation about consumer debt. Also, similar to short sales, the mandates and regulations that govern how consumer debt can and cannot be settled are highly volatile and they continue to change. That’s exactly why we found consumer debt experts who pride themselves in working to represent the best interest of their clients through education and working with each individual to assess the best solution for their needs. After looking at several companies who provide these services and reading about the sharks who prey on unsuspecting, vulnerable people facing consumer debt we’re so relieved that we found our debt specialist! As a matter of fact, I was just reading an article today from credit.com that was warning people that credit card companies have been exploiting loopholes in the federal law. These credit card companies certainly don’t have your best interest in mind. Having seen the similar attacks in the world of short sales, we understand that this is extremely frustrating and stressful for people. The truth of the matter is, in every arena of business- there are people (both business owner & consumer alike) who take advantage of the system and leverage whatever they can. Again, this is why it is so important to find council that specializes in each niche market where you may be facing problems financially. “According to the Center for Responsible Lending (CRL) consumers are finding it very difficult to gauge the true cost of their credit card debt due to a variety of tricks aimed at replacing the more straightforward penalty interest rates and late fees that have become increasingly common in recent years.” (credit.com- 12/11).

If you’d like to talk with a credit expert who can walk you through the process of settling your debt and answer any questions you have regarding these ‘tricks’ that credit card companies are coming up with, check out our ‘debt relief’ page up top. We stand firmly behind our debt specialists and can confidently say that you won’t be disappointed in the caliber of their work to help you resolve your consumer debt issue. It is exciting that there are ways to significantly repair your credit and financial headaches, check it out- we promise you won’t regret it!

Until next time.

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One Response to “How to Recover from Consumer Debt After A Short Sale”

  1. Hello there – just a short note to say kudos for this entry. Very helpful.

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"Short Sale Experts of Bellevue"

Welcome! We've set up this blog as a place for homeowners and real estate agents affected by the market's current flood of short sales. Bellevue Short Sale Experts encourage you to post your questions and comments here as we take pride in providing quality consultation that is open to checks and balances in this community forum.

We invite you to join our Q&A, as you empower yourself by gaining the knowledge you need to make informed decisions regarding your short sale situation.

A short sale is trying to get a property sold -short of what the homeowner owes to the bank. If you are a homeowner this is often a better option than foreclosure.

If you're trying to stay in your home, we suggest filling out our loan modification criteria to see if you're a candidate to modify your loan. If you're not qualified- it's time to look further into the short sale process.

AGENTS- We have systems in place to negotiate your short sale & get it on the MLS with lender approval! What's better? You get to do what you do best: market, buy & sell real estate while forgetting the stress of your short sale listing and collecting FULL COMMISSION! Inquire today to see how you can work with us.


Contact US Today

Yvette DuBee
Yvette@PremierLots.com
206-953-8186
Justin Richards
Justin@PremierLots.com
425-765-8088