What you need to know about a Short Sale | Lorton, VA Short Sales
A short sale in Lorton, VA is a real estate deal in which the sales price is inadequate to pay the debt(s) and responsibilities encumbering the residence along with the costs of selling, and the seller is incapable to pay the distinction.
Every short sale will depend on the vendor's lender(s) accepting the deal and accepting to launch the bank's security attention in return for less than what is due. In some cases however, the bank's acceptance of a short sale does not actually mean the lending company reduces the seller of responsibility for pay back of the entire financial debt.
It is probable the seller can offer the home and still owe the overdue distinction, plus interest and charges, to the lending company. The loan provider may then search for a lack of verdict against the seller for this distinction.
A short sale is a very complicated deal that includes several problems as well as legal and financial threats. All suppliers are recommended to consult an attorney and tax professional before continuing with a short sale.
The role of our Short Sale Team in Lorton, VA is to guide you through the selling of your home and the bank negotiations process, taking the time to make sure you fully grasp every step of the deal. We are definitely dedicated to satisfying your needs with the highest level of professionalism, expertise and service. Stop foreclosure in Lorton, VA!