Know Your Options When You Owe More than your Home is Worth!
You have 4 options when you owe more on your home than it is worth.
- Loan Modification
- Short Sale
- Deed in Lieu
The best options are either Loan Modification or a Short Sale. We advise our clients and help them try to succeed with the first two options before they have to deal with looking at a Foreclosure option.
There is almost always an audible sigh of relief from our short sale clients when they get a contract on their home. Even though the process still continues because in many cases, we have to go to the bank to negotiate with them to accept that offer. There is still such great relief that there is a light at the end of the tunnel for this frustrating financial situation.
Being underwater on your home can feel like such a burden. If you owe more on your home than it is worth and you live in the Northern Virginia, DC metro area, please give our team a call. We would love to talk you through the process and see if you qualify for a short sale. We have successfully sold over 350 short sales and would love to make yours a success story too!
Jennifer Young Homes
Keller Williams Realty