Stop the Foreclosure Process NOW!-Richmond VA CDPE Short Sale Specialist

Stop the Foreclosure Process NOW-Richmond VA CDPE Short Sale Specialist

If you think you've run out of options, think again... A Short Sale may be the answer for you.

What is a Short Sale?

A short sale, also called "Short Pay" or "Pay Off", is a transaction that allows for the sale of a property for an amount that is less than the amount that is owed to the lender. The bank in return may accept the proceeds as full settlement of the debt.

What are the Benefits of a Short Sale?

When a Short Sale is achieved, there will not be a foreclosure. A Foreclosure damages credit up to 7 years and bankruptcy up to 10 years. Many experts believe that a foreclosure is much worse than a bankruptcy.

Is a Short Sale right for me? 

Mortgage lenders are increasingly willing to work with borrowers faced with a financial hardship to accept a discounted payoff on a mortgage. If you are faced with a hardship that makes it likely you will be unable to meet your obligation on your mortgage, your lender would prefer to settle the matter with you as opposed to taking the property through foreclosure.

As you consider the option of pursuing a Short Sale, remember your lender is looking to limit any potential loss on your loan. By completing a Short Sale, your lender has arrived at a solution that is, for them, much better than a foreclosure.

We offer free, discreet consultations over the phone, at our office or in your home and there is never any obligation. Contact us today or apply online for more information.

Please take the time to browse through our website and gather the information that you need. If at any time you have further questions about what we can do for you in your situation, you can email or call us at anytime and we will be happy to assist you. Thank you for reaching out to The Marcus Rice Team.

Contact our team today to learn more about your options

Please contact Marcus for a free consultation and we will work with you to either help you save your home or sell it. WWW.RICHMONDVAHOME.COM for more info or call 804-247-8187