Chase short sales specialist in Old Stone Mill, Burke, VA Dan Rochon, Associate Broker of Dan and Traci & Consultants with Keller Williams Realty shares information about Chase short sales. If you are struggling with your property and would like it sold, however cannot afford to pay out the difference, Chase is now offering the Short Sale option to help people like you to avoid foreclosure and our team of short sale specialists in Old Stone Mill, Burke, VA can help you in this complicated process.
A short sale is a liquidation plan which is an agreement in which the mortgage lenders or other lien holders agree to accept a payoff on the loan for less than the current balance. This option is typically used when a loan modification has been unsuccessful in making the payments affordable to the homeowner or when a hardship exists such as loss of job, decrease in income, divorce, illness, death in the family, and many other reasons. Lenders will typically consider a short sale even when the loan is current if they feel it is in their best interest. Many lenders agree to a short sale because they receive more of the loan balance in comparison to the amount from selling the home under foreclosure. Stop foreclosure in Old Stone Mill, Burke, VA!
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