Richmond Short Sale Specialist

What is a real estate short sale in Richmond, Virginia?

A short sale occurs when a lender is willing to accept a lower pay off on a loan than what is currently owed due to the borrowers inability to continue making payments.

What does it take to qualify for a Richmond Short sale?

While lenders seem to be easier to work with lately regarding qualifications, there are usually three borrower qualifications that most lenders require for a Richmond short sale. 

1. Negative Equity - The proceeds from the sale of the property, after all closing costs
   are paid, are less than the amount currently owed on the property,
2. Financial Insolvency - Financial insolvency means that the borrower has no other assets that could cover the deficiency (the difference between what is owed on the property and the proceeds from the sale)
3. Financial hardship - Financial hardships that are acceptable do vary some from lender to lender, but the most common ones are; divorce or legal separation, loss of employment or reduction in income, job transfer or relocation, incarceration, medical emergencies or major medical expenses, death of a family member, vacant rental properties, damaged property, just to name a few.  Most lenders believe that a short sale is not for home owners who simply want to sell, but for those who have to sell. 

Is it possible for me to get money back for completing a short sale?

Until recent times, it was almost unheard of for a home owner to get money back in a short sale.  Things have changed for the better.  The HAFA program, backed by the US Government, allows homeowners $3,000 to use towards relocation expenses. In addition, some lenders will offer generous incentives of their own in addition to money offered through the HAFA program.  There are some areas in the country where we have seen home owners get as much as $35,000 back to complete a short sale.

Who will pay the Richmond short sale Realtors® commission?

In a short sale it is customary for a lender to cover all fees associated with the sale of the property, including your Richmond short sale specialist as well. In almost all cases, a home owner in hardship will pay no out of pocket expense to complete a short sale transaction.

How Can a Richmond short sale REALTOR specialist help me?

As a Richmond short sale specialist, I have helped many home owners who are in a difficult financial season get a fresh start with a short sale.  Short sales are not part of our "basic training" as real estate agents, and are something that should only be left to those of us who are especially qualified and experienced.  Experience is everything when it comes.  I'll not only market your home in the traditional manner, but will guide you through this transition while simultaneously processing the short sale with your lender.  Visit my website for more information on the short sale process.

Deb Orth, Licensed Virginia REALTOR®

~ Your Richmond Short Sale Specialist Realtor® ~

Keller Williams Realty
6600 West Broad St. Suite 150
Richmond, VA 23230

PHONE: 804 314-4575

myrichmondshortsalespecialist.com

Do You Qualify for Bank of America $30K Relocation Assistance?

Very important for Bank of America homeowners in Richmond, Virginia considering a short sale: Bank of America is offering an enhanced Relocation Assistance Program in which some sellers could get UP TO $30K in relocation assistance. Richmond, VA. home sellers need to act quickly because the program expires at the end of the year.  Homeowners in Richmond, VA who want to know if they are eligible should contact me for more information.  Follow us for more important short sale updates at www.MyRichmondShortSaleSpecialist.com

Your Ticket to Freedom from Mortgage Frustration

In the news, there is talk of a housing recovery. Experts feel more optimistic about the state of housing industry in America. However, if you or someone you know is one of the millions of homeowners who is stuck with a home on which you owe more than the property is worth, the feeling of helplessness can be overwhelming and frustrating.

Many people don’t realize that just because they are in danger of losing their home to foreclosure doesn’t mean they have to wait around for it to happen. With help, they can take matters into their own hands.

CLAIM YOUR TICKET TO FREEDOM!

As an agent who has been working with homeowners in distressed circumstances, I make it my business to know all of the ins-and-outs of the options that are available for people who are in danger of losing their homes and help the challenges head-on.

Take a look at the information at Richmond Short Sales and then Contact me today to schedule a free, confidential consultation.

Deb Orth

(804) 314-4575

Deb@RichmondHomes4You.com

Since 2007, 8.9 million homes have been lost to foreclosure and millions more are headed in that direction. As a real estate professional who has been working with distressed homeowners for almost 4 years, my mission is to ensure that you or anyone you care about does not add to that statistic. The unfortunate fact is that so many homeowners who have played by the rules and never imagined that they could be facing foreclosure are now in a very tough situation. More than one in four homeowners owes more on their mortgage than their home is worth. On top of that staggering statistic is the fact that millions of homeowners are unemployed, or underemployed and falling further behind every month. Sound familiar? You are not alone. If you feel that you are headed toward foreclosure, or if you are avoiding facing that fact, the sooner you reach out for help, the better your options. If you or someone you care about is ready to tip the scales back toward financial solvency, contact me today and let’s get started. Deb Orth Deb@RichmondHomes4You.com

It’s a sign of the times!

Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled. 

But upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll.  Since 2007, 7.9 million homeowners have lost their homes to foreclosure. Current estimates are that one in four homeowners owe more on their mortgages than they could get from the sale of their home. Millions more homes will be lost to foreclosure before this real estate crisis runs its course.

The sad fact is that foreclosure is not an isolated event. For months leading up to the loss of a home, financially strapped homeowners live under a cloud of uncertainty.  And then for many years afterwards, the blow to credit gets in the way of buying another home or buying anything on credit. Foreclosure even complicates employment prospects.

The impact of foreclosure is huge and the sad fact is that it’s often avoidable.

As a real estate professional who has been specializing in helping homeowners in distress, my goal is to provide financially strapped homeowners with options to foreclosure, ensure that they steer clear of scams, and help navigate them through the solution that best meets their needs.

Among the most important facts to keep in mind: the sooner help is sought, the better the options.

These are tough times, but more help is available than ever before. If you or someone you care about is ready to navigate away from the dark cloud of an unmanageable mortgage and realize that hope and blue skies are within reach, contact me today and let’s get started.

Deb Orth

(804) 314-4575
Deb@RichmondHomes4You.com
www.RichmondForeclosureAlternatives.com

Take action now to turn it around in 2012

Recent economic upheaval has taken a hefty toll. Looking forward to 2012, it’s impossible to know what’s next and the kind of an impact that an upturn or a downturn at the national level stands to have on your family’s finances. 

Regardless of what happens in Washington or on Wall Street, two things are very clear: you are not alone and now is the time to prepare for a new normal.

With a national epidemic of unemployment or underemployment, and 25 percent of the homeowners in the country owing more on their home than they could net for it in today’s market, homeownership for many has become a financial liability. Not       being able to make payments on a home that you can’t afford to sell feels like an awful trap, but the fact is, there are solutions—and foreclosing on your mortgage is not one of them.

Loan modification is an option for many and banks are increasingly willing to negotiate short sales. In many cases, they’re offering sizable financial incentives to help financially strapped homeowners to get a fresh start on their lives.

As real estate professional who has achieved the Certified Distressed Property Expert (CDPE) designation, it is my mission to give homeowners the gift of a fresh start. 

Contact me at (804) 482-1252 TODAY and let’s get started.