The Williamsburg Real Estate Blog

A lot has developed with short sales in our market since I last commented on it.  Much of the negative connotation that comes with a short sale has gone away and the general public has begun to see it as a viable alternative to foreclosure.  In most cases, unless a short sale is considered, the home will be foreclosed on and the current homeowner will be foreced to move out under the banks terms regardless of all personal circumstances.

In todays market, allowing your home to go into foreclosure is ridiculous without first attempting to negotiate a short sale with your lender.  Banks are more apt than ever to negotiate on a short sale with homeowners for numerous reasons.  First, they have increasing pressure to clean up their portfolio of loans that are currently on the books.  Second, in many cases they have received stimulus money to help liquidate and faciliate transactions such as short sales.  And finally, the cost of foreclosing on properties has gone through the roof.  All of this makes "going the short sale route" a must if you are late on your mortgage payments.

If you, like many others have gotten behind on your mortgage, call me and I can guide you through the process of selling your home and utilizing financial tools that may be at your disposal that you didn't even know about.

I've implemented a tried and true method of selling foreclosed homes faster than other agents ever thought was possible.