http://royalpalmbeachshortsaleagents.com/should-i-just-walk-away-from-my-royal-palm-beach-home/ http://royalpalmbeachshortsaleagents.com/ - When foreclosure threat looms, walking away from your Royal Palm Beach home may be the best solution all around. To find out what your foreclosure options are, contact your Royal Palm Beach short sale agents- Nestor Gasset and Katerina Gasset at 561-753-0135 today.

1. Should I Just Walk
Away from My
Royal Palm Beach Home?
Nestor Gasset and Katerina Gasset
International Properties and Investments LLC

2. Should I just walk away from my
Royal Palm Beach home?

3. Leaving a home that you have grown to love –
especially one you have also spent your childhood and
most years of your life in – is a heart-wrenching thing to do.
But if the threat of foreclosure looms, walking away from
your Royal Palm Beach home may be the best solution
all around.

5. Bad Credit
In fact, that’s saying it lightly. Depending on your pre-foreclosure
credit score, you could end up getting a below
average credit score that will practically cross you from
every lender’s book.
Worse, foreclosures are not the type of financial transaction
that’s easy to wipe out from your record. It will remain there
for years to come.

6. Loan Applications
A pre-foreclosure loan is hard enough to get as it is.
Imagine how more difficult it would be if you ended up
needing a loan after foreclosure.

7. You have to understand that foreclosures – no matter the
circumstances – are a mark against you.
They will not in any way endear you to any private lender or
banker. If you do get a loan, rest assured that its interest
rates and terms would be a lot more demanding than usual.

8. Tax Bills
Granted, you won’t pay a penny when your home is
subjected to foreclosure proceedings. That’s your
lender’s problem.
Your problem starts when the next tax period comes
along since the amount of debt which has been forgiven
is taxable in the eyes of law.

9. Job Employment
If you do not walk away from your Royal Palm Beach
home, then yes there’s a good chance that you will be
able to enjoy living in your own home “rent-free”.
But all good things come to an end, and your rent-free
vacation will end once the court reaches a decision
about your case. After that, you would have lost your
home for good.

10. With a foreclosure marked against you, it would be more
difficult for you to apply successfully for a job.
If, however, you had chosen to walk away – such as by
short selling your home – you would have just lost your
home a little earlier than expected.

11. On the other hand, you would have avoided having
foreclosure marked against you and your job prospects
would significantly improve.

12. When considering the consequences of foreclosure, it’s
very important to look at it on the long-term.
Don’t allow yourself to dwell too much and too long on what
will happen on the short term.
If you do, losing your Royal Palm Beach home will probably
be the least of your worries.

13. To find out what your foreclosure options are, contact your
Royal Palm Beach short sale agents- Nestor Gasset
and Katerina Gasset at 561-753-0135 today.

14. Nestor Gasset & Katerina Gasset
Realtors®, REOS, CIPS, SFR, GRI, ABR
1021 Cherry Lane,
Wellington, Fl, 33414
561-753-0135
brokernestorg@gmail.com
www.floridaipi.com