Joshua McKnight\’s Blog

Montgomery County Short Sale Assistance

There are numerous ways that you can lose a home, but to do it in a way that destroys credit totally (Foreclosure), can be very stressful.

For any homeowner in Montgomery County PA or the surrounding counties, who is behind on payments and facing foreclosure, you may qualify for a short sale to help sell your home before foreclosure.

A short sale occurs when the lender agrees to lower the amount owed to them in order for you to be able to sell at a reasonable price. When the housing market dropped in Montgomery County, house values fell but mortgage amounts remained the same.

Don’t sit around and wait  for the inevitable. Call our team today to help you with your Montgomery County short sale. We can make the process as streamlined as possible, and the best part is you don’t pay us a cent.

Montgomery County Short Sale Assistance. No charge to you. Less Stress. Let us do the work.

For more information, call our 24 Hour Hotline for Pre-Recorded information on ways to prevent foreclosure.

Toll Free information line 1-866-459-6669 ext:220

For contact information visit my website at:

http://www.joshmcknight.com

The community organization ACORN has begun to focus more efforts on loan servicing companies that are not playing by the rules that the government has laid out in terms of loan modifications.

The group has planned protests in major cities as part of a plan to force more loan servicing companies to modify home loans to make mortgages more affordable to troubled homeowners. The problem is that homeowners are re-defaulting on their mortgages because loan companies are failing to lower the monthly payments on the loans.

“To date, many incentives for participation have have been provided to servicers, but none have faced any serious consequences for refusing to participate in HAMP or for outright violating the terms of the program”

http://www.joshmcknight.com

I was pulling up some statistics in our local MLS system. According to Trend, there are 167 short sale properties that are actively for sale in Montgomery County PA. These are homes that are Active and have not gone under contract.

There are 52 Pending properties that are being advertised as short sales.

A short sale occurs when  a homeowner owes more on the mortgage than what the home is worth, and they make a request to the bank to lower their payoff in order to sell the property.

If you are in need of short sale assistance in Montgomery County, or you are interested in purchasing a short sale in Montgomery County, give me a call.

http://www.joshmcknight.com