Charlottesville Short Sale Success Tip #1: Contact Your Lender
Communication with your lender is key to achieving a successful Charlottesville short sale. As soon as you start experiencing financial difficulties contact your lender. The worst thing you can do is to ignore the problem. The sooner you reach out for help the more assistance your lender may be able to provide. Your lender may have foreclosure prevention programs available to help you.
Unfortunately, not every distressed homeowner can or should save their home. If you are significantly upside down in your Charlottesville home or facing extenuating circumstances that will have a long-term effect on your finances a Charlottesville short sale may be your best solution. The main goal of a short sale is that you get out from under your mortgage debt. Our Charlottesville short sale agents attempt to negotiate all of our short sales so lenders waive their deficiency judgement rights although this can NEVER be guaranteed.
A Charlottesville short sale can be a win-win solution for all parties involved. It’s a common misconception that the lender wants your house. In reality, the foreclosure process is expensive for lenders so they would much rather find a way to avoid foreclosure. If your only choice is a foreclosure or short sale, in most scenerios a short sale is going to be a better choice.
If you are thinking about selling your Charlottesville home and you anticipate a short sale, contact us for a FREE, no obligation, confidential consultation to evaluate your options. Don’t wait, get the help you need before it’s too late!
It’s critical to speak with an experienced short sale specialist as soon as possible!
The content provided is for informational purposes only. We can not give legal or tax advice. It is highly recommended that you consult with an attorney and tax accountant regarding the specifics of your situation to determine the best solution for you.
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