Since 2005 1 in 4 homeowners in America is "upside down" in their mortgage because their homes are worth much less than what they paid for them.
Today's distressed homeowners need answers from a team of professionals who can offer guidance confidentially and help them understand their legal rights.
You DO NOT have to risk your credit and otherwise good financial standing letting your home go into foreclosure.
There are options.
As a REALTOR® it's not only my job, but my passion to provide the help you need when you need it.
Data shows that short sales in Carrvale, Leesburg, Virginia 20176 are successfully closing at 95.95% of list price, going under contract at an average of just 35 Days on Market.
If you think you might need to sell your home by way of a Short Sale, you're not alone. As a matter of fact in the last six months, five of your neighbors needed to do a short sale too. And you know what, they were successful in staving off foreclosure by engaging with a Real Estate Professional.
A Brief Overview of the Short Sale Process
A short sale is defined by the National Association of Realtors® as "a transaction in which the lender, or lenders, agrees to accept less than the mortgage amount owed by the current homeowner".
The sole legitimate and permissible reason for a Homeowner to engage in a short sale is due to documented hardship where outside of Retirement savings, no reserve funding whatsoever exists. To pursue a short sale under any other pretenses can result in disciplinary action on the part of the Homeowner and loss of license to the Real Estate Professional.
Following a thorough consultation and assessment of their situation, the Homeowner may elect to commit to the short sale process. The following parties (include but are not limited to the following), work together to ensure the best possible outcome for the Homeowner:
Homeowner/Seller - primary individual for whom we are seeking to absolve of mortgage obligation
Listing Agent - sets the overall strategy for the short sale process, engages all parties as appropriate
Legal Representative - guides the legal process, negotiates with the Lender(s) to ensure minimal possible impact to the Homeowner, settles the transaction
Buyer/Selling Agent - representative for the Purchaser
Purchaser/Investor - financially qualified individual contracted to purchase the distressed property
Lender(s) - open relationship is established early on with Legal Representative
Your Real Estate Professional works hard to coordinate all of these parties during the Short Sale Process, keeping you informed every step of the way so you can sleep better at night. A Homeowner does not need to be in default on their mortgage payments to obtain approval for a short sale.
Call me today @ 703.635.0388 so we can take that next step toward starting over together.
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