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An Eighth Common Hollister Short Sale Myth: I Can Erase Any Deficiency on My Upside-Down Home by Simply Declaring Bankruptcy

Hollister CA – A lot of people incorrectly think bankruptcy is a "get out of jail free" card. Yes, bankruptcy does not help a lot of people get back on their feet.

Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.

However, it's not a "get out of jail free" card, despite what many people think. Let me explain why.

Not everyone qualifies for bankruptcy. The bankruptcy laws were dramatically changed in 2005, and now you have to qualify for bankruptcy.

If you don't qualify, the bankruptcy judge will throw out your case. Your creditors will still be able to pursue you. They may be able to levy your bank account, garnish your wages, or take your tax return.

What can you do to avoid this? First, hire a highly qualified short sale Realtor. Look for someone with lots of experience who will negotiate hard with the bank.

You want the Realtor to convince the bank to release you from the upside-down mortgage debt. If the agent is unable to convince the bank to release you from the debt, you need to consult with a good bankruptcy attorney.

Just as not all short sale Realtors are created equally, not all bankruptcy attorneys are the same either. Find one who is highly experienced and can explain the intricacies of bankruptcy law to you.

A qualified attorney will know whether or not you can qualify for bankruptcy and may even know how to get you to qualify when other attorneys would say you aren't eligible for bankruptcy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at israel@ighomes.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (831) 636-8858.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification?Our Hollister loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail to israel@ighomes.com to request a Free Copy.

Or, click here to request a copy.

Thanks for reading this.~Israel Gonzalez.

Israel is a Real Estate Agent at Beale Properties.

Phone: (831) 636-8858. israel@ighomes.com.

View My homes for sale at www.bestREOhomes.com.

Israel Gonzalez specializes in loan modification assistance and short sales in Hollister California. Hollister Loan Modification Help, Hollister Short Sales. Hollister Short Sale Realtor Hollister CA Short Sales. Hollister Realtor.

Important Notice

Israel Gonzalez, Beale Properties, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Gonzalez's personal views and do not reflect the views of Beale Properties.

This information on "An Eighth Common Hollister Short Sale Myth: I Can Erase Any Deficiency on My Upside-Down Home by Simply Declaring Bankruptcy" is provided as a courtesy to our readers to help them make informed decisions.


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