A Short Sale may be another option for you.

Are you facing foreclosure?  If you need help, there are approaches that can help, but you may not be familiar with them.  One of these is a “short sale.”  There are countless hardships that can turn home ownership from a joy into a burden.  The loss of a job, medical bills, or an unexpected hike in monthly payments can all make a mortgage unaffordable. 

In an approved short sale, the lender agrees to accept less than is owed for the property and the homeowner is relieved of the debt.  A lender may be willing to do this because it’s a lot less of hassle and less expensive than executing a foreclosure.  And typically, a short sale does far less damage to the homeowner’s credit than a foreclosure does.

If you would like to explore the possibility of a short sale for your property, to avoid foreclosure, and potentially save your credit rating, please give me a call at 301-575-6306.  I look forward to the opportunity of being of service to you.