Bank of America - Transitioning From Your House - CDPE

 

Bank of America - Transitioning From Your House

Find helpful information to assist with your transition

Although you’ll be transitioning out of your house, that does not necessarily mean going through foreclosure. Other solutions are available that may help you avoid eviction from—and the sale or auction of—the house that can occur during foreclosure. We can help you explore your options, as well as provide resources to help guide you through the transition.

Step 1. Understand the ways to avoid foreclosure

Short Sale

In a short sale, you sell your home and settle your mortgage debt for less than the amount you owe.

  • Generally takes less time to complete than a foreclosure, so your reported delinquency could be shorter
  • Credit may improve faster
  • You may be eligible for money to assist in relocation

Speak with a specialist
1.877.447.3994

9am - 5:30pm EST Mon-Fri

Get details

If you are unable to sell your home in a short sale, there's another option.

Deed in Lieu of Foreclosure

With a deed in lieu of foreclosure, you give your property's deed to the bank instead of going through foreclosure. It's often an easier process than a foreclosure, but it will still have a negative impact on your credit.
Learn More »

pdf logoTrack your progress with this checklist »

Step 2. Transitioning from your house

Community Resource Directory

community icon

There are thousands of non-profit groups and government agencies across the country ready to assist you with utilities, food and more.

Search by ZIP code

Resource Index

folders icon

All the resources found in the Home Transition Guide are brought together for easy reference.

View now

Managing Your Budget

pie graph icon

Transitioning out of your house means your financial picture will change considerably. Plan for your new situation more effectively.

Plan your budget
pdf logoTrack your progress with this checklist »
 

 


Bob Peralta
24 Years as a California licensed Real Estate Broker
A+ reliability rating with the Better Business Bureau
Member of the National Association of Realtors
Member of the California Association of Realtors
Member of the Lodi Association of Realtors
Certfied Short Sale Negotiator Specialist (HAFA)
Certified Distressed Property Expert (CDPE)
Certified Investor Agent Specialist  _ (CIAS) designation
Email

*First Name
*Last Name
*E-mail
*Phone
 

Please enter the 5-digit validation code:
*Denotes required fields.
 

Read More Blog Posts

Escape Your Unmanageable Mortgage
3 Qualifications
Learn how agents with the Certified Distressed Property Expert® designation are best suited to help distressed homeowners.
Bob Peralta
3428 Brookside Road
Stockton, CA 95219
(209) 957-1858
www.BobPeralta.com