Strategic Default is not the best option for distressed homeowners in Woodstock, GA and the Atlanta metro area

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Strategic Default is not the best option for distressed homeowners in Woodstock, GA and the Atlanta metro area

Atlanta, GA – May 11, 2012  – For homeowners in danger of losing their home, walking away might seem like an attractive solution. “Many distressed homeowners in Woodstock and the Atlanta metro area have been getting bad advice when it comes to strategic default,” said Sara Hibbard, CDPE at Better Homes & Gardens Real Estate Metro Brokers.  “It has become fashionable for some so-called experts to recommend defaulting on your mortgage as a method of dealing with pending foreclosure, but this is actually one of the worst options imaginable,” Hibbard added.

Strategic Default is a method that some homeowners who are in danger of losing their home to foreclosure choose to take. Rather than spending more money trying to save the home, they simply let the bank foreclose, take the credit hit and then walk away. “It is unfortunate,” said Hibbard, “because there are so many better options available to homeowners under the threat of foreclosure than this.”

While Strategic Default may provide immediate relief to the overwhelming feeling that the threat of foreclosure brings, it can have devastating effects on a homeowner’s future ability to find affordable housing.

As a Certified Distressed Property Expert (CDPE), Sara Hibbard says that she makes a point to find the best possible options not just for the present, but for the future as well. “There are options for homeowners in Woodstock as well as the entire Atlanta metro area that can have a much lighter effect on a their credit while also allowing them to walk away from an oppressive mortgage.”

Sara Hibbard has developed a free report entitled, “Escape your Unmanageable Mortgage” that is accessible from her website, www.Georgia-ShortSaleInfo.com or www.WoodstockShortSale.com.   

About

Sara Hibbard, CDPE, is a licensed Realtor in the state of Georgia and is easily reachable at 404-660-2481 or via e-mail at Sara@SaraHibbard.com.   Sara Hibbard has helped many clients avoid foreclosure and specializes in assisting buyers and sellers alike.  For more information about the CDPE Designation, visit www.CDPE.com.