Today’s real estate market offers great opportunities, but for a few homeowners, the economic fallout of the COVID-19 pandemic has proved challenging.
To better serve individuals and families in specific need, I recently completed coursework and training to become a Certified Short Sale and Foreclosure Resource by the National Association of Realtors.
If you are interested in purchasing a home in one of these categories, the process is a little different than a regular purchase offer. Let’s talk about it and see if it’s right for you.
If you find yourself in a difficult financial situation regarding your home, remember that there are options—and each situation may require different actions.
In general, options that homeowners may consider include a regular sale, a short sale in which the lender agrees to a lesser payout of the loan amount, a bankruptcy filing, repayment plan/forbearance, loan modification, foreclosure or deed in lieu of foreclosure.
Every situation is different but the goal is to keep a homeowner in their home for as long as possible and to help provide the best possible financial outcome for the future.
Don’t worry if it sounds complicated. The first step is to reach out and start a conversation about what might be best for you. And rest assured, your privacy is my utmost concern.
Comments