In today’s unpredictable economy, many people are finding it difficult to keep up with their monthly mortgage payments.  Whether you are a homeowner that recently lost your job or experienced a drastic change in income, chances are, you are finding it hard to pay your mortgage every month.

Unfortunately, whenever you fall behind on your mortgage, lenders and financial institutions will quickly move forward with foreclosure.  Once this happens, you will have to decide if you will fight for your home, lose your home to foreclosure or consider an alternative, such as short sale.

Today, many homeowners are choosing short sales because they do not want to deal with the consequences related to foreclosure, like incurring damage to their credit reports.  Instead, they agree to sell their homes for less than what is owed to their lenders, with their lenders permission.

Believe it or not, short sales are not as complicated as many would have you believe, especially when you enlist help from the short sale specialists at American Economic Solutions.  At American Economic Solutions, our experienced specialists have handled numerous short sales throughout the country and are ready to help homeowners prevent foreclosure now.  We work close with homeowners during the three most crucial short sale phases:  pre-qualification, marketing and closing.

Pre-Qualification:  during this phase of the short sale process, our specialists will speak with your mortgage lenders for you to explain your financial situation and hardships.  We will help you complete applications and send in appropriate paperwork, such as hardship letters and tax returns, to make sure you get approved.

Marketing:  after you have been pre-qualified for short sale, we will help you market your home to attract attention from potential buyers.  You will have the chance to work with licensed real estate agents who will generate the interest of qualified buyers.

Closing: when you reach the final phase of the short sale process, our specialists will help you prepare a purchase contract and buyer pre-approval letter.  We will also work alongside you to make sure that your short sale is completed and expedite the process by communicating regularly with your lender.

With our short sale specialists on your side, you absolutely can avoid damaging your credit report, prevent foreclosure and start regaining financial control!

In a recent article in the November 25th New York Post entitled “Judge Blasts Bad Bank, Erases 525G Debt”, the author details how Suffolk Judge Jeffrey Spinner wiped out more than $525k in mortgage payments to the California bank formerly known as IndyMac Bank, now known as OneWest. At American Economic Solutions (AES), we have run into several issues with this bank and the way they handle – or better yet mishandle – the clients that we represent.

AES has continually found OneWest’s loan modification practices to be disconcerting. The New York Post seems to be in agreement with our company’s viewpoint, “Spinner pulled no punches as he smacked down the bankers at OneWest — who took an $814.2 million federal bailout but have a record of coldbloodedly foreclosing on any homeowner owing money.” AES’s stance is this – if the banks received a bailout from the TARP (Troubled Asset Relief Program) – so should their clients!

Now, in the case of OneWest (IndyMac), at least they are getting exposed for the lack of service they have provided their clients who had qualified for loan modifications. It’s just a shame that it took this long for something to happen. We hope to see more people take action against these types of unethical business practices. Thank you Judge Jeffrey Spinner.

To read more from the New York Post’s Article visit: http://www.nypost.com/p/news/local/judge_kos_mortgage_to_slap_bank_28ZS1oW8Y58z6gu1AQbWMI#ixzz0YMzCXGKQ