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February 28, 2012 > Short sale vs foreclosure

Short sale vs foreclosure

Submitted By Elaine Wong-Bigel

The Rotary Club of Fremont, Union City and Newark is sponsoring two sessions of a free community housing-awareness seminar, "Short Sale vs Foreclosure," in San Lorenzo on March 3 and in Union City on March 4, 2012.

Homeowners may have the option of a short sale to avoid foreclosure. The property is sold for less than the outstanding mortgage. The lender will pay selling fees and it will not cost the borrower/seller anything. A short sale can save the homeowner's credit score. The lender may even pay moving expenses through the Home Affordable Foreclosure Alternatives, a federal program.

Anyone, who is unable to maintain their mortgage commitment and has not entered the foreclosure process, should find out more about available options. Do not lose your home to foreclosure.

Attendees will also have the opportunity to learn more about the Mortgage Settlement Act.

Call (800) 238-8388 ext 3 to register for the seminar. Space is limited to 30 attendees at each location.

Short sale vs Foreclosure
Saturday, Mar 3
2 - 3 p.m.
San Lorenzo Library
395 Paseo Grande, San Lorenzo
(800) 238-8388 ext 3

Short sale vs Foreclosure
Sunday, Mar 4
2 - 3 p.m.
Union City Library
34007 Alvarado Niles Road, Union City
(800) 238-8388 ext 3

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