Receiving a Notice of Default: end of the world as we know it?

My neighbors rang me the other day, panicked about a notice of default they received on their door.  Let me explain to you guys it’s not the best feeling in the world, in fact your stomach starts to twist and you  may feel ill for a while,  but let me assure you that this is all temporary.

I spent the next 3 hours calming my neighbors down, and explaining to them what options they have and how a  Notice of Default does not mean they are being foreclosed on.  It makes me feel good that they phoned me and understand what is going on.  Believe me when I say, I understand that these are unstable times, and to receive a NOD could feel like the end of the world.

I assured them that in their particular situation a short sale would be their best bet.  They have been my neighbors for the past 3 years so the trust was already there.   So here we go with yet another short sale…I have helped find my neighbors a property to lease that is equivelant in size at a fraction of the cost! I’m tired and need some rest as this is the 48th short sale my team and I are currently working on.  Give me a ring if you need any personal advice or help on your property, there will be no BS coming from me, nor do I charge for any of my services.  Until my next blog, I wish all of you the best.