Are You Facing Foreclosure?
You May Have a Better Way Out!
There are countless hardships that can turn home ownership from a joy into a stressful burden. The loss of a job, medical bills, divorce, loss of a loved one or an unexpected increase in monthly payments can all create "mortgage nightmares". What was an affordable mortgage is now keeping you up at night wondering "what is going to happen if I can't pay the mortgage?" Ignoring the bills will not make them go away, it will only make things worse.
If you need help, there are options that can help, but you may not be familiar with them. One of these is a “Short Sale"...but what is a Short Sale?
A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency. For more specific information regarding Short Sales please visit Wikipedia. An online encyclopedia where you can research Short Sales and other real estate related topics.
Many homeowners are not aware they can avoid foreclosure by short selling their property. A Short Sale means to sell your property for less than what you owe the bank. We handle the entire process for you, to include negotiations with your lender. Short selling your property is a much better option than allowing your property to go into foreclosure. The negative affect on your credit score will be much greater in a foreclosure as compared to a short sale.
Call us today for your confidential short sale consultation. This is a "Free" Team Foxwell service and the entire process will be explained in detail. In an approved short sale, the lender agrees to accept less than the amount owed for the property. The homeowner is relieved of the debt. A lender may be willing to do this because it spares a lot of hassle and expense involved in executing a foreclosure. 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, avoid foreclosure, and potentially save your credit rating, please contact Team Foxwell. We will assist in your transaction from beginning to end. The bank knows you have no extra money to pay commissions. You are already in the hole right? In almost all cases, we can short sell your property with no financial commitment on your part. Most lenders will pay the real estate commissions, buyers closing cost, and other associated expenses.
Stop the endless worry, stress and confusion! Contact Team Foxwell today for a confidential short sale consultation.
Contact: Brian Foxwell (757) 641-7602 
Long and Foster REALTORS®
REALTOR®
Residential Resale Specialist
Real Estate Ambassador
Contact: Debra Foxwell (757) 373-0525
REALTOR®
Residential Resale Specialist
Real Estate Ambassador
ASP® (Accredited Staging Professional)