Short Sales

What is a Short Sale and why do people do them?

A short sale in real estate occurs when the outstanding obligations (loans) against a property are greater than what the property can be sold for.

With the declining market and loans that were taken at higher interest rates and adjustable mortgages over the last few years many homeowners are finding themselves in a bind.

A short sale occurs prior to a foreclosure. Foreclosures show negatively on your credit report. If you feel that foreclosure may be in future give me a call and we can discuss more detailed information on how this works and if you may qualify for this program.

Today's Market

Not sure if the time is right for you to buy. Interest rates are low and there is help available for down payment and closing costs. Think FHA!

• Little to no money down
• Reduced monthly mortgage insurance
• 95% cash out refinance
• High debt to income ratios with compensating factors
• Non occupying co-borrower (kiddie condos)
• Manufactured homes
• Less than perfect credit, use of extenuating circumstances
• College student or recent grad

The Nehemiah Program may be just what you are looking for to make a dream come true.

Contact me for more information on how I can help.

RE/MAX 100

23706 Three Notch Rd, California MD 20619

301-863-5355 or 808-372-0657

Dana Engle