Many homeowners need to sell their property and are upside down on the mortgage. A Virginia short sale is a great alternative to foreclosure.
A short sale is often the solution if you need to sell and have a valid financial hardship such as divorce, loss of job, decreased pay, medical, family, increased expense, or other financial distress.
What will the bank consider a hardship? It depends. Speak with a Virginia Short Sale Expert to find out your options.
How are Short Sales Different Than Bank Owned properties?
A short sale property is being sold by a seller that is upside down on their mortgage, has a valid financial hardship and needs to sell. In other words, it is still owned by the homeowner. The sale of a short sale is contingent on the home owner’s lender approving the sale for a deficiency. A bank owned property – you guessed it – has already been foreclosed on and is owned by the bank.
Apparently the FTC believes that you might mistake us for a loan officer or lender. To be clear, here is the disclaimer that they require for us to post:
“The information and communications provided to you on our websites, our emails & newsletters are for informational purposes only and should not be the only source that you rely upon. Dan and Traci Rochon, Dan and Traci & Consultants, Keller Williams Realty and www.GreetingsVirginia.com – are not a mortgage lender and so you should contact your loan officer to learn more about their mortgage products and your eligibility for such products.
If you are seeking a great loan officer, we can recommend a few
With the sluggish economy, job layoffs, adjustable rate mortgage payments, declining home values, soaring medical bills and a number of other factors, many people are finding it difficult to keep their homes and could be facing the possibility of losing their homes. A national epidemic is looming. Are your ready? We are in the most challenging real estate market since the Great Depression with no end in sight for the immediate future. The government can only do so much to help victims of this situation. Dan and Traci have helped numerous people in Virginia, Maryland, and Washington DC avoid foreclosure and sell their homes for less than what was owed to the bank.
Are you stressed out about mortgage payments?
Do you think that your only option is a foreclosure?
Are you considering ‘walking away’?
Struggling with a loan modification?
Is a short sale right for you?
How to buy a home after a short sale?
Learn the answers to these questions and more when you read our book, “Should I Short Sale my Home?”
Many homeowners need to sell their property and are upside down on the mortgage. A Virginia short sale is a great alternative to foreclosure.
