Tag Archives: alternative

Your Short Sale Questions Answered – Part 7

I have multiple loans on my property. Can I still perform a short sale? Yes! A property with more than one loan is very common. This includes properties that were purchased with two loans and properties with a mortgage and … Continue reading

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Your Short Sale Questions Answered – Part 6

Are short sales always the answer? Short sales, and many foreclosure alternatives, negatively affect your credit. If you have a job that has security clearance, having a bad credit score could affect your job security. Be sure to speak to … Continue reading

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Your Short Sale Questions Answered – Part 5

What happens to me during a foreclosure? Here’s how the foreclosure process goes in general following Virginia law. Depending on your state’s laws the process may be different. After a borrower misses a payment or payments the lender sends the … Continue reading

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Your Short Sale Questions Answered – Part 4

What are some options for my distressed situation that I should not consider? You definitely don’t want to stop making your payments, or stop making them all together. If you can pay anything, even if it isn’t the full amount, … Continue reading

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Your Short Sale Questions Answered – Part 3

If I am underwater and in a distressed situation but I want to stay in my home, what are my options? The first thing you should determine is if you can stay in your home and continue to afford living … Continue reading

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Your Short Sale Questions Answered – Part 2

How did the housing market become how it is? How did my home’s value become so low so fast? This is a question many homeowners and experts are still asking themselves. It’s complicated and there were lots of variables at … Continue reading

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