Alexandria VA Short Sales - Top 3 Reasons To Get Help Before The New Year
Alexandria VA Short Sales - The foreclosure moratorium has given many homeowners a false sense of security during this holiday season. The fact is, the banks are still so overwhelmed with the volume of foreclosures, that the moratorium is a way to unclog the bottleneck files that they are processing.
Alexandria VA homeowners who are in distress, may be experiencing relief because of this news, and view it as an opportunity to live in the home for free (maybe even up to 492 days!). The reality is, this is the perfect time to take the courage to find out what your options are.
Here are the top 3 reasons to get help before the new year:
- It doesn't cost you anything to be informed. Once you contact us to see if you qualify for a short sale, we'll rush you our FREE short sale kit. This information is sent to you by email and will help you understand that options you have to prevent foreclosure.
- Any missed payments will continue to be reported and reflected on your credit report. With a short sale, you'll increase your chances of getting your home sold quicker, and this will stop the negative hits on your credit report sooner rather than later.
- Interest rates are still historically low if you're eligible to purchase another home. Overall home prices have come down since the bubble in the early to mid-2000's. If you are facing a hardship and have not missed a payment, you may qualify to sell your home as a short sale, and purchase another home at today's interest rates. If you currently have a mortgage payment that you cannot afford, coupled with a high interest rate and are unable to refinance to a lower rate, you may be able to afford to buy a less expensive home at today's interest rates, with more affordable monthly payments.
One of the most common misconceptions about a short sale, is that you have to be late on your mortgage payment. You do not have to wait until you are 30-, 60-, or 90-days late on your mortgage to get help. We have helped homeowners with a short sale who were current on their mortgage. Find out if you qualify for a short sale.
Tamara Inzunza is a Certified Short Sale Specialist and short sale listing agent specializing in Alexandria VA and surrounding areas of Northern Virginia.