I’m Michael Forkas from the Forkas Home Team and here’s your Forkas Find of the Day.
I’ve been a real estate agent for over fifteen years and I love real estate industry. But many of you may not know that I’m a homeowner advocate. I work with clients with that are in a distressed situation and are being foreclosed on. I worked with a client—her name was Violet, who lived in Orinda. For whatever reason, she stopped paying on her mortgage and received a notice of default followed by a notice of sale. She was about two weeks away from being foreclosed on. That’s when I got involved.
I stopped the foreclosure and I was able to market the home. Within ten days, I got an offer of a millions dollars. She owed $700,000 and so she had $300,000 in equity. She had money in the walls! If we didn’t stop the foreclosure, the bank would have taken all of that money. Not only was I able to negotiate a great price for her, I was also able to keep her in the house for `15 months. It was a win-win for everybody. She was grateful, a buyer got a great deal on a home, and most importantly, she got the equity from her home and was able to stay for an extra fifteen months.
I love being a homeowner advocate and if you are faced with foreclosure, please give me a call. I’d love to discuss a strategy to help save your home.
I’m Michael Forkas and my number is 925-351-4924.