Short Sale HELP for Military in Fredericksburg, VA

Help for our Military

There is new Short Sale help for Military in Fredericksburg, VA. Having been a spouse of a former Marine Corps officer, I know it can be difficult when those PCS orders come. Add the decline in the housing market  in many parts of the country and you have even more stress to deal with when you are a homeowner.

Members of our Military may qualify for the HAP program, a regular short sale, FHA short sale, or even HAFA. Now if your mortgage loan is a Fannie or Freddie loan, you will be able to do a short sale even if you are CURRENT on your mortgage. You are automatically eligible.  Fannie and Freddie may even offer up to $6K to the 2nd lien holder. (if you have 2 mortgages). Another plus is that the bank cannot pursue a deficiency judgment from the homeowner. (Can’t come after the owner for the difference between what the house sells for and the balance on the mortgage). There is no reason for homeowners’ credit to suffer by missing payments. You don’t have to default on your mortgage. Many banks have told homeowners they cannot qualify for a short sale without missing payments. Missing your mortgage payments will decrease your credit score.

This new plan goes into effect November 1, 2012.

 Contact me for more FREE information on short sales. Remember….there is short sale help out there for Military and nonmilitary alike!

Ginny Vickers REALTOR SFR ABR  540-842-9819

1st Choice Better Homes and Land, LC

1302 Bragg Rd. Fredericksburg, VA 22407

About ginnyfredericksburghomes

I am currently a Realtor in the State of Virginia. I have worked many years as an RN in NY and Virginia. I now enjoy helping people in real estate and all the challenges it brings. I also have my Short Sale certification (SFR) and am able to help those homeowners in financial distress by informing them of all the options available. I also have my Military Relocation Professional (MRP) as well as my Accredited Buyer's Agent (ABR) Designations to help my Military and Homebuyers find what they are looking for. I know the timetables and benefits available to assist my clients.
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