Foreclosure is not the answer to the current home ownership crisis

says Certified Distressed Property Expert, Rick Bauer, Real Estate Broker at Father Time® Auctions & Real Estate in St. Louis, MO.

Financially troubled homeowners have options if they are proactive and do not give up hope. Hardships don't care about zip codes and can affect anyone. The ARM's are adjusting, unemployment remains high and good replacement job creation is thin putting good people upside down in troubled waters.



Choices for a dignified solution include current lender loan modification, loan refinancing (short or long-term) or a short sale (a lender-approved sale at less than the outstanding loan balance). Learn about The Seven Most Dangerous Short Sale Myths

Homeowners who are facing bank foreclosure often dread dealing with the facts that got them to that place. But there is hope if you have a plan of action.

Hardships affecting homeowners today include:

* Job loss / unexpected unemployment
* Sudden illness or medical emergency
* Death in the family
* Divorce / loss of second income
* Excessive debt obligations
* Job demotion or promotion denials
* Inability to pay an adjustable interest rate that increases
* Unexpected major home maintenance expense

If this sounds like you then contact Rick Bauer, CDPE, AARE, Realtor, GRI, CRTS, CES for a confidential phone interview regarding your real estate questions at 314-962-4200 or rbauer@fathertime.com

A customized Father Time® real estate auction can help you efficiently, swiftly and effectively sell your real estate to help avoid foreclosure and it's future consequences.

Home Office:
Rick Bauer, Auctioneer,Realtor, CAI, CDPE, AARE, CES, GRI, GPPA, CAGA, CRTS, ATS, BAS
Paul Roesch, Auctioneer, Realtor, CAI, CDPE, AARE, CES, GPPA, ATS, BAS, CAGA, 618-407-8479 mobile
Father Time® Auctions and Real Estate
2850 Lawndell Drive
St. Louis, MO 63144
314-962-4200 office
314-614-3841 mobile
314-962-2573 fax
rbauer@fathertime.com
www.fathertime.com