Featured Properties

Wednesday, September 29, 2010

Links to listings in Hampton Roads

These properties are sold "as is" "where is". They are short sales negotiated by a professional team assisting in getting the best price for the buyer and seller. They will work with the lender all the way to closing.

http://www.5601patriciadr.epropertysites.com/
http://212uplanddr.epropertysites.com/
http://134squirereach.epropertysites.com/
http://216curryst.epropertysites.com/

If you are interested in any of these properties give me a call at 757-343-7783 or email me at cheryl@thecharlesgrp.com

What are the Qualifications for a Short Sale?

The main qualification is that you are in some type of "financial hardship". This can include: loss of employment or income, divorce or separation, relocation or job transfer, major illness and medical expenses, or high dollar repairs without the resources to make them, or increased bills or living expenses. A good rule of thumb is that a short sale is not for those that "want" to sell, but only for those that "have" to sell. You typically must prove your inability to pay, however many lenders have become more lenient lately and will make acceptations sometimes for homeowners who are not even in hardship.

As a Realtor I will talk with you and help you to understand the options you have, so you can make a decision on which option is best for you.

Thursday, September 23, 2010

Why is it to My Advantage to Short Sale?

A foreclosure can impact your credit far more, especially in the long term. In fact, some banks don't report a short sale. In addition, in the event of a foreclosure, in many states the lender will seek a deficiency judgment in the amount you owe. They could even come after other properties and assets of yours, including vehicles. Your credit could recover from a short sale in less than two years, where as a foreclosure or bankruptcy can take 7-10 years.

Friday, September 10, 2010

Another Version of a Short Sale...

A short sale in real estate occurs when the outstanding loans and liens against a property, after closing costs are paid, are greater than the proceeds from the sale of a home, and the lender agrees to accept this lower payoff amount. This occurs only when a home seller qualifies for a short sale through proving a hardship, and the lender agrees to this lower payoff amount.

What Exactly is a Short Sale?

A short sale is an agreement with a lender allowing for the sale of a property to a third party for less than the amount owed on the mortgage. Under this agreement, the lender accepts less than the amount owed and releases the borrower from the mortgage, this is also known in real estate as a short payoff or a pre-foreclosure sale. The lender releases the borrower from the mortgage, thereby preventing foreclosure.

If you are a homeowner and want to know what your options are in today's housing market give me a call at 757-343-7783 or email me at cheryl@thecharlesgrp.com.

Thursday, September 9, 2010

What Does 2010 Look Like for Real Estate so far?

There is an estimated $14 trillion of residential mortgage debt in the United States, and delinquencies and defaults are rising at a staggering rate. There are approximately 75 million homeowners in the U.S. There are more than 4 million homeowners at least one month behind on their mortgage payments, according to data from the Mortgage Bankers Association, and a record 500,000 homeowners had entered the foreclosure process in 2009. During 2010, in the U.S., approximately 1.9 million foreclosures filings have occurred and in July 2010, 325,000 new filings according to Realtytrac. This trend is expected to accelerate and increase significantly as approximately one out of every five homeowners in the U.S., with a mortgage, owe more on their loans than their homes are worth; and real estate values are continuing to decline. It is estimated that by 2011, 19 million homeowners will have mortgages greater than the value of their homes.

If you are not sure what to do about your home situation give me a call at 757-343-7783. I will sit down with you and go over your options and assist you in finding out what is best for you at this time in your life.

Wednesday, September 8, 2010

3 Bedroom Townhouse in Suffolk, VA


This home has a large floorplan for you to come home to enjoy.
Relax in the nice garden tub in master bathroom. Sit in front of the
fireplace and enjoy the cooler eveings in the fall and winter. Living
room has a cathedral ceiling, skylight and fireplace. Home also has a
large den that opens to the back deck and yard. Home is approved
for FHA 203K Financing for renovations. Call me today at
757-343-7783 to schedule an appointment. See more pictures by following this link.

Do you feel like you are drowning when it comes to making your mortgage payment?

Are you struggling to stay afloat while waiting for your home to sell?
Want the facts about your options???

We CAN HELP!

Specializing in Short Sales Negotiations


Short Sale: A short sale is an agreement with a lender allowing for the sale of a property to a third party for less than the amount owed on the mortgage. Under this agreement, the lender accepts less than the amount owed and releases the borrower from the mortgage, this is also known in real estate as a short payoff or a pre-foreclosure sale. The lender releases the borrower from the mortgage, thereby preventing foreclosure. 5 years and 2500+ successful short sales to our credit! Our experience is based on working with master servicers and investors.

Contact Us today direct at 757-343-7783 or by email at cheryl@thecharlesgrp.com