










ARE YOU WADING THROUGH THE SEA OF ALL THESE REAL ESTATE HARDSHIP TERMS? HERE IS A LITTLE SOMETHING TO MAKE IT EASY...
|
Financial Hardship Options
|
||
|
Relief Option |
How It Works |
Best Used When
|
|
Forbearance |
Temporarily suspends all or a portion of your monthly payment, followed by a formal plan using another option listed here to return your account to a current status. |
Your hardship is expected to be short term in nature, or you know that you will be able to pay a particular amount on a specific future date and continue with your payments from that point forward.
|
|
Repayment Plan |
Adds a portion of past due amounts to your regular monthly payment until your account is current. |
Your hardship is expected to be short term in nature, and may even be over, and you have the ability to make an increased payment for a short period of time.
|
|
Partial Claim |
Returns your account to a current status using funds from your mortgage insurer or guarantor. |
Your mortgage is insured and your hardship is short term. Subject to mortgage insurer or guarantor approval.
|
|
Modification |
Makes your payment more affordable by permanently changing one or more of the terms of your original note and mortgage. Delinquent amounts can sometimes be added back into the loan balance.
|
You can afford a reasonable payment that is less than your current payment and/or you don't have enough cash to bring your loan current. |
|
Short Sale |
Allows you to sell your home for its current value, even if it is worth less than what you owe.
|
You cannot make any payment but want to avoid foreclosure. |
|
Assumption |
Transfers title to a credit-qualified buyer, even if your loan is non-assumable. |
You cannot make any payment but want to avoid foreclosure. |
|
Deed-in-Lieu of Foreclosure |
Transfers title to the property back to us to satisfy the amount you owe. |
You cannot make any payment but want to avoid foreclosure and you have had your home listed for sale for at least 90 days. This option is reserved for the most extreme situations and is subject to investor approval. |
|
Hope For Homeowners |
Refinances your existing loan into a new fixed-rate loan insured by the Federal Housing Administration (FHA). |
You are having difficulty making your current payment; you meet the eligibility requirements of the program; and your lender(s) agrees to participate. The new loan amount will be as high as 96.5% of the current value of your home, based on FHA guidelines in effect as of November 19,2008. This relief option may require your current lender(s) to forgive some portion of the amount you owe — lender participation in this program is voluntary. Other conditions apply. To learn more, visit the U.S. Department of Housing and Urban Development's Web site (www.hud.gov) or call the FHA Resource Center toll free at (800) 225-5342.
|
|
Refinances or modifies your Fannie Mae or Freddie Mac-owned loan by reducing your interest rate and/or moving you to a more stable mortgage product. |
Your loan is owned by Fannie Mae or Freddie Mac and you qualify for the terms of the modification or refinance. For more information about this program, visit www.makinghomeaffordable.gov. |
|
Find Your Charleston Area Home Here and Experience Lowcountry Living
Lauree Bradway & Associates specializes in the Charleston area....WE LOVE CHARLESTON! And we're passionate about the real estate market here. We want to provide you with the best local content, and additional professional services..... if and when your situation requires it. Our goal is to be helpful, not a nuisance. There is no obligation required from you. We look forward to earning your trust and respect through our 'Consider-it-done' level of service and our extensive local knowledge.
When you’re ready, we will be here to help make your home Buying or Selling experience enjoyable, productive, and profitable.
I invite you to put our pledge to the test.
Happy House Hunting!
Lauree Bradway Broker/Owner
ALL Charleston SC Homes For Sale....including Foreclosures/Short Sales, Vacant Land, Commercial Properties, Golf Communities, Ocean Front Living & so much more....all at your fingertips.
It makes no difference if you’re just starting your Charleston SC homes for sale search, or you’re fact-finding for local Charleston area information, this website is your comprehensive homes for sale resource. Here you have complete and free access to my Charleston SC homes for sale. Plus, this site provides you exclusive online content and comprehensive search tools to help you begin your home buying journey.
"We want to thank you and your staff for making the selling of our home such a positive experience. From start to finish your exceptional guidance, unique marketing and up-beat out going personality, combined with first-rate professionalism, has left us with a final impression of....WOW! THAT WAS WELL DONE!" - Mary Doar & Don Roderick
“Lauree Bradway is one of the most gifted individuals I know. She is capable of relating to people on multiple levels, always exhibiting a keen sense for the needs of others and a genuine spirirt of gratitude for those who paved the way in advance. Lauree is a talented manager and developer of people and ideas. Her energy and enthusiasm is contagious!” - Rick Brewer , Vice President for Planning and Student Affairs, Charleston Southern University
As your research all of the Charleston SC homes for sale, remember that Lauree Bradway & Associates, LLC is not your typical real estate company. In fact, it is far from it. The traditional firm is comprised of general practitioners that each do a little bit of everything involved in the real estate process. We have assembled a team of experts who focus on a specific part of the home buying or selling process and whose collective efforts serve each and every one of our Clients. The synergy and extra service provided by the teamwork means that our Clients come out winners. Whoever answers the phone in our office will make sure you get the service your deserve right away. No wrong voice mail, no branch numbers given and you are not transferred to four different departments. If you need our assistance, we are a click or call away.
We will make sure you are happy with your Charelston, SC home buying or selling experience....guaranteed.
Making The Charleston SC Home Buying & Selling Process Less Stressful
Just because the Charleston home buying/selling process is complex, doesn't mean it has to be a stress-filled process. The best way to reduce stress and avoid making costly mistakes is to educate yourself and this website is an outstanding resource to use as your guide. This site allows you to gather up-to-date information that will enable you to make smarter decisions and buy your Charleston SC home for sale with confidence.
IT'S BEAUTY ~ TRANQUILITY ~ HOSPITALITY ~ AND PREFERRED LIFESTYLE.
Lauree Bradway has the successful track record to serve her clients at the highest level. Her office is located in Historic Summerville. Representing Charleston SC homes for sale at the highest level has been her passion and she loves sharing her knowledge and experience of the Charleston SC Area both with vacationers and homeowners alike. Her company offers Buyer Agency, Seller Agency, Rental Management, credit restoration and a myriad of other added value services.
Call us today....you will be glad you did.