Short Sales Expert in Montgomery County Maryland 

Question: 

How Does a Short Sale Affect my Credit?

The Credit Impact for a Foreclosure vs Short Sale can be dramatically different. 

 
For some homeowner that are presently in a hardship, this is a question that is being asked most often.
 
"What are the ramifications to my credit when I do a short Sale? "
Regardless,  a foreclosure or short sale, your credit  will be affected. .
 and each and every case may have a different result because is dependent on many factors,  


Watch the video below where I discus how a short sale may affect your credit

Check the rest of our video series here. .

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"The strength of our experience and knowledge is invaluable to anyone seeking for a solution"

Behind on your mortgage payments?              
A short sale is born out of a need when a homeowner realizes that there is no other recourse; either let the lender foreclose or ask the lender to approve a short sale.

Facing foreclosure can be overwhelming and scary, but by taking the right steps you may be able to save your credit and wake up from the nightmare you are experiencing today. .
If your are behind on your mortgage payments?. .give us a call!


What you should do first before a short sale? 

 

 

Considering a short sale in Maryland? -- 

Before proceeding with this idea, you should know about the steps you must take first. .
 Have you tried a loan modification?
Have you contacted your lender?
What are your lenders policies?
Is the difficult situation you currently in just temporary?
Have you consider renting your house? 
What about a loan workout?
Do you understand what a deed in lieu of a foreclosure is?
There are many steps you must take before you venture in a short sale. The most important one is to be fully aware of all your options at any given moment.


Call on us for a free consultation now!
301-246-0001

More information about short sales and making Home Affordable Program 
http://www.makinghomeaffordable.gov/programs/exit-gracefully/Pages/hafa.aspx