Your Distressed Property Expert in Maryland
Bancrupticies increased in 2010 to 1.53 million, a 9% rise over 2009.
These are often filed in order to home onto a home, but often the real property is released from the bancruptcy in order to raise funds.
A Short Sale could alleviate the urge to file a bancruptcy by aggressively selling the property. Often banks realize the futility of pursuing a shortage, and the tax liability may be forgive under a Internal Revenue Service program.
Try a Short Sale first - it may save the sellers credit from having a bancruptcy or a foreclosure on it.
They stay on a credit report for 5 to 10 years, and prevent another home purchase for 3 to 5 years, minimum.
Contact me and we will explore how we can help you
Dennis
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