Short Sales-The Real Story

Part 2 of 3

As a licensed REALTOR in Jacksonville NC we are dealing with more and more Short Sales and Foreclosures.  The majority of our home buyers are VA and that has a few more wrinkles than it would for other buyers.  Our active duty and retired service members need to really go through their options.  Some special consideration should be taken for any military members that have a Security Clearance as this could put their clearance in jeopardy if they go through a Short Sale or Foreclosure, because that compromises their financial stability.  In some cases you could also not have the ability to use your VA benefit to purchase another home in the future.  You need to consult the VA for other solutions to your financial problems.  Once you get some guidance from the VA to what would help you, then you need to contact your mortgage company and start the process with them.  Take detailed notes on what you need to be asking for and who you talk to.

For more details please contact me at EllenHough1@yahoo.com I would be glad to help you through this process and get results with you.  This is a complicated process if you do not know who to talk to or what to ask.  I have the information and tools to get you through this, with as little damage to your credit and ability to purchase another home in a few years.  Make no mistake, you will not be able to purchase a home for at least 2 years.  If you end up in Foreclosure it will be on your credit for 7 or more years and you will probably not be able to use a VA guaranteed loan again.

When searching for homes in the Camp Lejeune, New River Air Station, Jacksonville, Onslow County area please click here to search all active listings. 

Ellen Hough, Jacksonville NC Real Estate , specializing in guiding home buyers and sellers through the home buying and selling process.   Working with EXIT Independence Realty, 910-330-6103 (Cell)