Call Loudoun County's Short Sale Experts - Gina Tufano & Company
We realize what an overwhelming and stressful time this may be for anyone facing a financial hardship. Please know that you are not alone. No one wants to see you go into foreclosure, including your bank!
When you are ready to take the first step to explore your options to avoid a foreclosure in Loudoun County, Virginia, contact Gina & Company immediately. Again, we cannot promise success, but at least you know that you tried everything possible.
STEP ONE: RESEARCH YOUR OPTIONS
Contact Gina M. Tufano & Company with Keller Williams Realty, for a confidential discussion to learn what your options might be to avoid the foreclosure of your home in Loudoun County, Virginia. 703-574-3478.
IMPORTANT: Call your accountant/tax attorney before you decide your course of action to learn possible tax or legal ramifications with a short sale or foreclosure. It is important to know what type of deficiency judgment you are facing whether you foreclosure or do a short sale.
STEP TWO: LEARN ABOUT THE DIFFERENCES BETWEEN A FORECLOSURE AND A SHORT SALE
Order and Read our FREE Reports to learn more about the differences between letting your home go into foreclosure vs selling as a short sale, and what the common mistakes homeowners make that cost them their home! There are many myths surrounding the term 'short sale'. Lenders are changing their policies at a fast rate to adapt to this new market and are often willing to work with homeowners.
Read about the Making Home Affordable plan to learn whether loan modification could be an option.
If you decide that a short sale could to be your best option, Gina & Company will provide you their Homeowner Document Preparation Checklist. This is a complete list of all the documents they will need to prepare in order to begin talking with your bank(s). Once you provide a written authorization for Gina & Company to talk with your lender(s), they will call and find out what (if any) programs might be available for you to pursue. Again, please consult your tax adviser and attorney to learn about your tax and legal consequences.
Read about your IRS Tax Consequences in
The Mortgage Forgiveness Debt Relief Act and Debt Cancellation
Download IRS Form
Form 982 for Reduction of Tax Indebtness Due to Discharge of Indebtness
STEP FOUR: MARKETING THE PROPERTY
The next step with a short sale is to list the property with Gina M. Tufano & Company at Keller Williams Realty. Gina & Company will carefully analyze the surrounding real estate market and give an expert opinion of value so the property is priced well. They will then implement their aggressive marketing plan to attract as many offer(s) as possible.
Once Gina & Company have a qualified buyer for your property and an accepted offer by you (the Seller), they will submit your completed Short Sale package to your lender(s) on your behalf . This process can be the most nerve racking because it can take a long time for the bank to process the file through the channels necessary to get us to the acceptance or rejection.
If we receive an approval from the lender(s), and you decide that you want to go ahead with the short sale on their terms, escrow is opened and carefully tracked to ensure a timely and smooth closing.
STEP SIX: MOVING DAY
There is a light at the end of the tunnel! Moving day is approaching so you move forward with your life without stressful calls from the banks. If you need help finding a rental, Gina & Company can help find the perfect home for you!
Gina M. Tufano CDPE SFR
703-574-3478 direct
gina@ask-gina.com
43777 Central Station Dr #390
Ashburn VA 20147
IMPORTANT NOTE: Gina Tufano and Pearson Smith Realty are not associated with the government, and our service is not approved by the government or your lender. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.
