Was Your Home Foreclosed or Sold By Short Sale between 2006-2009?

By
Real Estate Agent with EXIT Realty Associates 0225018862

If you lost your primary home ( the home you lived in)  to short sale or foreclosure in the downturn of the real estate market in 2006,2007,2008 even 2009 you are known to the real estate industry as the "Shadow Consumer."

What is a shadow consumer? A shadow consumer is anyone who lost their home to short sale or foreclosure when the real estate market tanked. No matter whether you lost it due to relocation, job loss, illness, missed payments none of that matters. The fact is that was your old life and hopefully life is better, you've licked your wounds, and have taken the right steps to cure your credit. If so you are what is known as a Shadow Consumer.

It's happening already.  I have personally assisted several purchasers buy a home even though they have suffered the loss of loosing their home. These are two examples off the top of my head.

  • I helped a family who owned a large single family home buy a smaller home however it was a large garage townhome. They were eligible for an FHA Loan only six months after they did a short sale. Why? Because they never missed a mortgage payment during the sale of their big house. The wife had lost her job, they knew they could not hold out for long. The bank agreed to grant them a short sale, and they went into a rental for six months. As soon as the six months passed they purchased a home they now love in Belmont Bay here in Woodbridge Virginia. "What's not to love?"
  • I helped a relocating couple coming from California. They had lost their home to foreclosure over three years ago. I was able to help them get a like new two year old home with a two car garage, three finished levels, and a fenced back yard in their price range. They settled a few months ago.

So if you have questions or are just curious your first step is to contact a local lender and let the loan officer look at your situation. My recommendations would be any of these loan officers. Learn who they are. Those are the loan officers I've personally worked with whom I trust to give you straight talk and who can help you ready yourself to buy again.

time heals

 

 "Remember the down turn in the market happened to you.You did not do this to the bank.

It's time for a fresh start and to start dreaming again."

You can now purchase a home at a far better price, and secure a historically low, low interest rate using FHA Financing and right the wrong that happened to you.

Nothing would give me greater pleasure to help you unlock that front door to your new homeCall me 703-851-3085 and let's talk about your hopes and dreams, and wish list and I will coach you on all of the options available to you.

 

Posted by
 
 
 
Heading to the area? Not to worry, I may live in Lake Ridge however I've lived and worked as a REALTOR for over twenty five years here. The area I service is from Fort Belvior Virginia down to Quantico Virginia and everything in between.
 


 
 
 

Peggy James Realtor

 
 
 
 
 
 
 
 
 
  
Like us on Facebook- We're TwinsSellingRealEstate 
Subscribe to my local blog LakeRidgeVARealEstateNews.com to keep up with market activity, and tips for home buyers and sellers in the Lake Ridge Virginia area.
 
 
Note: This real estate blog is written by me Peggy James and it is is my opinion and may not reflect the opinion of Exit Realty  Assocaites 8998 C Lorton Station Blvd, Lorton Virginia 22079 .I have been blogging since 2008 and I am a full time REALTOR® .
Fair Housing Symbol

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Virginia Prince William County
Groups:
The Optimist
POSITIVE ATTITUDE for the Weary Soul
Advice for Buyers
Tags:
success stories
foreclosure
woodbridge virginia
short sale
shawdow consumer

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention
Rainmaker
435,094

Peggy James

Lake Ridge Virginia Real Estate Specialist
Do you have a real estate question?
*
*
*
*
Spam prevention

Additional Information