What To Do To Avoid Foreclosure

Facing foreclosure?
Here are some practical tips!

I received a phone call from an individual facing a month's foreclosure not too long ago. I was asked,
"Dan, how do I avoid this foreclosure?"

With the current situation where we are facing unfavorable conditions like foreclosure, I hope you are not, but if you are, please watch my video as a reference.

Well, what is a foreclosure?

A foreclosure is when the bank takes your home. Your house is collateral to your mortgage. Failure to pay your mortgage means the bank will take your house.

What can you do to avoid foreclosure?

Temporary situations

An excellent example is when you just lost your job and can't pay your mortgage. 

Give the bank's mitigation department a call to inform them about your financial situation. 

The bank may be able to work around it.

Longer situations

This is where you haven't paid your mortgage in years, and they may have difficulty working with you, so you may need to make a Short Sale.

What is a Short Sale?

A Short Sale is a sale of real estate in which the net proceeds from selling the property will fall short of the debts secured by liens against the property.

A property sale can be accomplished if all lien holders agree to accept less than the amount owed on the debt.

I hope you are not in that situation, but if you are, or if I can help you in any way, you can contact me: at 📱: 703-346-2776 or send me an 📧: dan@greetingsvirginia.com.

I've been selling real estate since 2007 for hundreds and thousands of homes, and I'm happy to help you.

Talk to you soon.

If you're interested to learn more about Real Estate Investing or tips and strategies about Real Estate, you can reach me at 703-346-2776 or send me an email at Dan@greetingsvirginia.com. We will be more than happy to help you.

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Buying a Home is Easier than You Thought!

Here's a list of what you need to think about before you buy, and it will walk you through what you can expect from the buying process itself, plus tips to make life easier after you buy your dream home.

Dan Rochon

Dan Rochon is an Associate Broker in VA, Broker in MD; Owner of Rochon Investments, LLC; Owner and Co-founder of www.GreetingsVirginia.com and Owner of other Joint Ventures as well as a real estate principles instructor at Moseley Real Estate Schools.

As a real estate sales agent, Dan and his team are consistently top producers in their marketplace and provide solutions for their clients. Through their investing company, Dan and Traci Rochon have been investing in residential and commercial real estate ventures for more than the past decade.

Dan and his wife Traci are frequent speakers and are often quoted in media stories about the current real estate market. The Rochon's have been featured on The Nightly News with Brian Williams, The Today Show, CNBC, The Washington Post, The Washington Examiner, WTOP News, Voted as The Best of DC Real Estate Agent in the Washington City Paper Readers Poll, and more...