Never do this if behind in your Mortgage!

Number 1:

Absolutely DO NOT ever Deed your property to a 3rd party without absolute confirmation your loan has been paid off!
If you think this is the best option for you, please...1st contact an attorney---not the buyers attorney (an outside neutral attorney) before completing the transaction.
If you Deed the property to a 3rd party, that party then Controls the property. The New Owner can then in turn rent the property (and keep all rents), sell the property, move into the property or use it in other ways.

If the new owner does not make the mortgage payments, that can become a huge problem for you! Just because You no longer own or have ownership of the property does not mean you are not responsible for the mortgage loan obligations. The Lender made a loan to you. Until that Loan is paid off You will be primarily responsible for the mortgage obligation.
If you give up control of the property to a 3rd party and the new owner does not pay on the loan, the damage to you credit could be catastrophic!

Number 2:

Do Not sell your home at a huge discount.

Unless the actual foreclosure sale is less than 45 days away, you will still have some time to to explore options. If someone is pushing you to sell your property to them, it's probably because the deal is favorable to them...As a general rule, if it sounds to good to be true, it probably is!

If you have some equity in your home, Let's see if we can get it to you! Call us at 916-746-8790 or toll free at 800-485-8740. We will not call you, unless you request it!

Number 3:

Do Not authorize a prospective buyer to deal directly with your lender!

The buyer has one goal and that is to negotiate a low price for himself/herself. The buyer will ask your lender to accept a discounted pay-off.
Negotiations could go on over an extended period of time, and if the transaction does not work-out the buyer can walk-away from the property. It can leave you with very little time and options to resolve the situation an avoid foreclosure. You will have no control over the information that goes to your lender or accuracy. It could be possible that the buyer could handle the negotiation and presentation of information in a way that makes it difficult for you to resolve your loan situation later.
If you believe this is the best option to allow the buyer to work directly with your lender please consult a Real Estate Professional and/or Attorney before signing a contract.
If you are going to do a short sale get representation from a Real Estate professional. It costs you nothing-your lender pays the fees. You want someone to look out for Your best interest.

We can help, and it costs you nothing. We have fought for homeowners like you many many times and won! The lender does not want your property through foreclosure. That's why they will negotiate to get the deal done!

Number 4:

Do not do Nothing!

Don't accept what you might think is inevitable, and let foreclosure run it's course. Don't let that happen-the damage to your credit will follow you for years!
Take time to explore potential options. You do not want foreclosure on your credit record. It will affect your ability to get a consumer loan or a car loan for at least a few years, and it will be very difficult to get another mortgage for a very long time.
Foreclosures on the rise...Lenders are willing to work with you! They do not want to foreclose on your property!