Do you need a solution?
Do you owe more than your home is worth?
Need to sell now and aren’t sure what to do?
It could be due to a financial hardship (such as a business failure, a loss of a job, or reduction in income). It could be divorce, or illness, or death. It could be relocation … Perhaps you have heard horror stories about the banks, foreclosures, and short sales. But, it’s not all bad. You have options.
You can sell your home, avoid foreclosure and bankruptcy, save your credit, and possibly walk away with no debt or tax consequences. And, you can do this by means of a short sale!
What is a Short Sale?
A short sale is a sale of real estate in which the net proceeds from selling the property will fall short of the debts secured by liens against the property. In this case, if all lien holders agree to accept less than the amount owed on the debt, a sale of the property can be accomplished.
We are able to list your home for sale during this process. There is no fee to you and the short sale will be handled by a third party.
Get in touch with us to set up a consultation, or use the contact form at the bottom of this page to inquire whether our services are right for you.
Contact
➤ LOCATION
145 Fleet Street
National Harbor, MD 20745
☎ CONTACT
info@harborshortsale.com
(301) 880-0820
Here are your Options…
Loan Modification
This is the option for those who are struggling financially or who have fallen behind in their payments. There are many programs that can lower your monthly payment or possibly reduce principal, the most popular being the HAMP program (Home Affordable Modification Program). If you want to keep your home, we highly recommend that you try this option first. We can discuss this option and help you analyze whether or not this is a viable option for you, as well as assist with the process.
Foreclosure
Of course, this is the option that most people are trying to avoid. Unfortunately, many homeowners put off exploring their options until it is too late, or mistakenly think there is no other way. Letting your home go into foreclosure will damage your credit extensively and make it difficult to get a new mortgage for years.
Deed In Lieu of foreclosure
This complicated term simply means to give your property (deed) back to the bank so as to avoid foreclosure. This option is typically not available if there is a second lien. The most important thing to determine before making this decision is whether or not the deficiency balance will be forgiven. It is generally thought to be less damaging than a foreclosure, but not as good an alternative as a Short Sale.
Short sale
Our specialty. This option is for homeowners who do not qualify for a refinance / loan mod or would like to sell their home. We will negotiate with the lender to allow for the sale of your home at less than what is owed. We have a proven process in place and will handle every detail. In addition, there are many incentive programs that give homeowners money to help pay for moving expenses. This amount is up to $10,000 and it is our job to make sure that homeowners are considered for these programs.
refinance
For those who are NOT behind on their mortgage payments, there are government loan programs that allow homeowners to refinance their home despite the fact that the value of their home has declined and they owe more than their property is worth. The HARP Refinance program requires that the mortgage be owned or guaranteed by Freddie Mac or Fannie Mae. The FHA Refinance program is for non-Freddie or Fannie loans (except FHA, VA or USDA).
Rent Your property
This is a pretty self-explanatory option … put someone into your home that can make the payment. In today’s economy, it can be a good option if the amount of rent will cover the payment amount. If you find yourself getting into the landlord business, we can recommend property management companies that can help you with the associated tasks.
“We must all obey the great law of change. It is the most powerful law of nature.”