Rockville Maryland Real Estate | Real Estate in Rockville MD

Article

Facing Foreclosure?

1. A foreclosure stays on your record and you must disclose a foreclosure on
all future mortgage applications.
2. Credit scores will be lowered by 300+ points.
3. Your lender can seek a deficiency judgment against you after the foreclosure, and try to collect any amount not recovered in the bank sale.
4. Many employers run credit checks on employees which could put a potential new hire in jeopardy. 5. Security clearances can be jeopardized by foreclosure proceedings.

The Best Solution

Do You Qualify?

If you qualify and your home is worth less than you owe, a Realtor who has the Certified Distressed Property Expert (CDPE) designation can help you sell your home and negotiate with your lender to accept less than you owe. This process is called a short sale and will typically affect your credit score by 150+ points. Sellers who recover their credit standing can purchase a new home in 16-20 months.

There may be other solutions that don't involve selling your home and there is never a charge for a consultation. In fact if you sell your home in a short sale the lender will pay all commissions and fees. Caution: Time is not on your side. If you are behind in your mortgage payment call me now. I want to help. 

Call Tom Greer Now for a FREE CONSULTATION
_______________________________________________________________

Call Tom Greer at (301) 758-6036 or email him at tomgreer@mris.co