Lynchburg Real Estate | Homes for Sale in Lynchburg, VA
| Follow My Blog |
Direct: 434-258-7670
Office: 434-525-6561
Real Living Cornerstone
123 W. Third St
Farmville, VA
434-525-6561
If you are like many home owners right now; you are having trouble paying your mortgage. Your job has been downsized or you have lost your job all together. There is hope for you before you have to lose your home to foreclosure.
Listen to the Video below from www.MakingHomeAffordable.gov and get help before it is too late.
Do you know the difference?
CHAPTER 7 - Liquidation of your assets.
CHAPTER 13 - An adjustment of your debts. You pay a small amount of debt back over time as arranged by the Court.
Damage of FICO Score:
Short Sale – Down 40-105 points
Foreclosure – Down 85-105 points
Bankruptcy – Down 130-150 points
Looking for a REALTOR you can trust with your real estate needs?
Call Brenda Moore, Real Living Cornerstone 434-258-7670
FOR IMMEDIATE RELEASE:
Contact:
Contact Person – Brenda D Moore, ABR, GRI, REALTOR, SFR
Company Name – REAL LIVING CORNERSTONE
Telephone Number – 434-258-7670
Email Address – Brenda.Moore@RealLiving.com
Web site address – Moore Homes With Brenda. com
Brenda D Moore Earns NAR Short Sales and Foreclosure Certification
Buyers and Sellers Benefit from REALTOR® Expertise in Distressed Sales
Lynchburg, Va. 24502 – 3/18/10 —Brenda Moore with Real Living Cornerstone has earned the nationally recognized Short Sales and Foreclosure Resource certification. The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows.
According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures. For many real estate professionals, short sales and foreclosures are the new “traditional” transaction. REALTORS® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities.
“As leading advocates for homeownership, REALTORS® believe that any family that loses its home to foreclosure is one family too many, but unfortunately, there are situations in which people just cannot afford to keep their homes, and a foreclosure or a short sale results,” said 2009 NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. “Foreclosures and short sales can offer opportunities for home buyers and benefit the larger community, as well, but it’s extremely important to have the help of a real estate professional like a REALTOR® who has earned the SFR certification for these kinds of purchases.”
The certification program includes training on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk, and provides resources to help REALTORS® stay current on national and state-specific information as the market for these distressed properties evolves. To earn the SFR certification, REALTORS are required to take one core course and three Webinars. For more information about the SFR certification, visit www.REALTORSFR.org or call 1-877-510-7855.
Have you missed a payment? Are you afraid you may miss one? Are the payment dates getting harder to make on time? Exhaust all options you have since a foreclosure may stay on your credit report for up to 10 years.
Contact your lender once you realize there is a problem.
Keep communication open with your lender – do not ignore mail and calls.
Learn about your rights.
Learn about options for foreclosure prevention.
Contact a HUD approved housing counselor; they provide free or low-cost counseling.
Prioritize and re-evaluate your spending.
Use your assets to help with additional income.
Avoid foreclosure prevention companies.
Be aware of foreclosure recovery scams.
Ask your lender to restructure the loan. Or, ask for them to defer a few payments until you can get caught up. Another option is a short sale, in which you sell the house for a loss and the bank agrees to absorb the loss – consult a professional since there may be conditions to this option.
Avg. Sales Price: $178,398
Avg. Days on Market: 164
Free Market Alerts Get local reports delivered to you
- Copyright © 2010 Inside Real Estate, LLC
