Florida Homes and Condos for Sale: Pay it off and lower your payments....yeah, right!

Pay it off and lower your payments....yeah, right!

Pay it off and lower your payments...

Pay it off and lower your payments....

You have seen them I am sure. The commercials, usually from car dealerships, promising to pay off your loan and reduce your payment on a new car....if you purchase a new one.

Of course they leave out the new purchase will increase your debt load or length of obligation!

This brings back some (bad) memories of banks offering to "give"folks a home equity loan a few years ago.

Take the cash out of your investment, etc

Problem was your house, if it is your primary residence, is, first of all, your house.

It is not a primary investment and should not be treated as such.

Unfortunately some have learned that lesson too late!

If you are upside down, lost your job, had a change in your family situation or fo some other reason have lost your ability to pay for that house in Viera or Rockledge, Florida, a short sale may be a way to get you back on track.

Give me a call and lets discuss your situation and how we can help you avoid a foreclosure!

Originally posted on my blog Moving to Brevard County Florida.

Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.

www.moving2brevard.com

 

 

 

 

Read my blogs Florida Homes for Sale,  Moving to Brevard County, Florida, and  Brevard County Florida Real Estate Information.

 

5 comments • Gary L Waters PLLC- Broker Associate Realtor® Melbourne Viera Rockledge FL • February 14 2010 07:07AM

Comments

Isn't there some kind of spray for this kind of slippery, slimy parasite?

Posted by Ralph Gorgoglione - California Real Estate (800) 591-6121 (John Aaroe Group) almost 2 years ago

A lot a people have learned their lesson.  Get out from under and never look back.

Posted by Diane Williams (RE/MAX Realty Pros~Logan Martin Lake, St. Clair, AL) almost 2 years ago

Gary,

Countless folks who used their equity like a piggy bank are now facing short sales in my area too. We still see those commercials!

Posted by Irene Kennedy Realtor® in Northwestern NJ (Weichert) almost 2 years ago

Diane - Good advice...run as fast as possible!

Ralph - Some have said the same about some real estate agents! Thanks.

Irene - Sad they realized too late it was not a piggy bank!

Posted by Gary L Waters PLLC- Broker Associate Realtor® Melbourne Viera Rockledge FL (Century 21 Baytree Realty, 1211 Admiralty Blvd, Rockledge) almost 2 years ago

Diane - Good advice...run as fast as possible!

Ralph - Some have said the same about some real estate agents! Thanks.

Irene - Sad they realized too late it was not a piggy bank!

Posted by Gary L Waters PLLC- Broker Associate Realtor® Melbourne Viera Rockledge FL (Century 21 Baytree Realty, 1211 Admiralty Blvd, Rockledge) almost 2 years ago

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