Avoiding foreclosure through short sale
Foreclosure can be devastating to your credit history. It's not something anyone wants to face. If you have owned your Fort Meade area home for five years or less and used a low or no down payment loan for your financing it is likely that your home is worth less now than when you purchased it.
If the cost to own your home is creating a legitimate financial hardship for you or if you are behind on your mortgage payments you may qualify for a short sale.
With a short sale you are requesting that the bank take a fair market value price for the sale of your home as full payment of your loan.
For example, if you purchased your home for $300,000 and your current mortgage balance is $300,000 but the market value of your home is only $200,000...with a short sale you are requesting that your lender(s) accept the market value, less sale expenses such as commission, transfer taxes, and buyer closing costs as full pay off for your loan.
Short sales are complicated and time consuming process but with the right professionals to guide you it is an excellent alternative to foreclosure. We handle short sales in Anne Arundel County including the cities of Odenton, Severn, Gambrills, Crofton as well as Howard, Prince George's and Baltimore counties.
Contact us for immediate assistance with selling your Fort Meade area home via short sale. You will receive the same great marketing on www.FortMeadeHomes.com and many other web sites when you [List with us].
More information on short sales
Your contact with us is always confidential and we'll be happy to help you determine if a short sale might be the right option for you. There is never an obligation to speak with one of our agents. Our goal is to earn your business by being the best!
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