Entering into foreclosure may feel like you're falling into a foreclosure pit. Foreclosures in Winchester, VA have fallen to 9% of the current active listing market, but that doesn't mean we're out of the woods yet. Our previous 30 day marketing report included 51% distressed property sales. Depending on the resource you use for your daily updates, the foreclosure market is either declining or increasing. It's no wonder that homeowners don't know what to do.
Don't fall into a foreclosure pit. There are a few things a homeowner can do to avoid foreclosure.
This list could be longer, but you can easily see how an impending foreclosure could affect you and your family. There are a couple ways to relieve yourself of a home that is heading for foreclosure. You can contact your lender and offer adeed in lieu of foreclosure. That basically means that you will voluntarily give the house back the lender and walk away. The lender has to agree to the deed in lieu, and it is less expensive for them to accept the house under these conditions than it is to go through foreclosure.
Another option may be a short sale. In a short sale, your lender allows you to sell your home at a discounted price. Make sure you hire a short sale agent that has successfully navigated through the short sale process. It is a tough decision to face, but if it comes to a short sale in Winchester, VA, call Cornerstone Business Group, Inc., and we will help you through the process.
Don't fall into a foreclosure pit. We can help you through this difficult time. There are brighter days ahead, and we can help you get there.
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Give me a call for all your real estate needs, and let's make something amazing happen.
Mike Cooper @ Cornerstone Business Group, Inc., 888-722-6029
Real Estate Sales and Property Management
(Disclaimer: All grammatical mistakes, punctuation breakdowns and misspellings are purely for your amusement and entertainment. Feel free to cackle.)
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