Getting a Short Sale Done in BELMONT COUNTRY CLUB, Ashburn VA 20147
It's no secret that a great number of Northern Virginia residents have been plagued by the sudden downturn in the real estate economy since 2005. For a wide variety of reasons, hardship has come into the lives of once thriving lifestyles - and homeowners feeling defeated - are unsure of where to turn for options.
The best possible course of action for a homeowner who has faced a personal or professional hardship (loss of job, spouse, relocation, increase in expenses/decrease in income - and a host of other options) is to consult with a local real estate professional versed in short sales.
The details of the short sale process can be cumbersome but are finite and best left to a short sale agent to manage. What's required of a homeowner is 1) a consultation lasting about an hour and 2) a set of documents that include W2s, bank statements, pay statements and hardship letter.
A short sale agent's job is to help a distressed homeowner achieve two things:
- Full "forgiveness" from the balance of the mortgage - and current market value of the home
- Waiver of deficiency judgement - or the ability for the lender(s) to return to the homeowner at a later date to collect the balance between mortgage owed and market value of the home
There are of course risks to a homeowner in return for forgiveness, namely points taken from credit score until they are able to be made up.
I service Loudoun County, Virginia and have been able to help homeowners who need to move on for their families' best interest sell their home by short sale, leveraging the benefits of the HAFA program for primary residences. HAFA is a federally-sponsored initiative that provides a $3,000 stipend to qualified homeowners for assistance with moving expenses.
Just a few of the lenders I have worked with include Bank of America, Wells Fargo, Citimortgage, Compass Resolution.
If you are interested in a confidential consultation, please contact me at your convenience to arrange a date and time that work for you. I have qualified buyers who are actlively looking in Belmont Country Club and surrounding Loudoun County where I could have an immediate contract for your home...and your family closer to a life filled with peace.