Blog Post Title
A recent report indicated completed foreclosures are at seven year lows. Property values have also risen over time. Yet in spite of this good news, real estate is always local. Homeowners facing foreclosure often don’t know where to turn and the lender always seems to have the upper hand. The lender almost has to as it has complete departments who do nothing but work with distressed homeowners. Perhaps the easiest way out is selling the home but what about those who owe more than their home is worth? Maybe home values have risen but not enough in some areas. The answer might be a short sale.
A short sale is an agreement between a lender and a borrower to accept less than what is owed on the mortgage as “paid in full.” If a lender is convinced the only way to avoid a foreclosure is to accept a short sale, it’s an option that can help borrowers avoid foreclosure altogether. However, the lender must agree to such an arrangement only after a thorough review has been completed.
The lender will ask for the homeowner’s complete financials including tax returns, bank statements and documentation validating the borrower’s distressed situation. A foreclosure is a lender’s last resort and accepting less than what is owed is much less costly for the lender. Say a homeowner owes $200,000 on a loan but the property is only worth $100,000. Selling would mean the homeowner would have to bring at least $100,000 to settle the mortgage. If the homeowner can prove the property is worth something closer to $100,000 and the lender agrees, a short sale may be arranged.
A short sale can’t work in every situation and the lender must be convinced the homeowner cannot keep the mortgage any longer, it’s a way for borrowers to get a fresh start without filing for bankruptcy or going through the foreclosure process completely.
Waldorf MD Realtor® Skip Young with Local Reviews
Skip Young has been living in Southern Maryland for over 25 years and has attended schools since the 7th grade. Knowing Charles County, St. Mary’s County, Calvert County, Prince Georges County and Anne Arundel County give me the leverage I need to assist in your sale or the purchase of your home or land. Understanding Land is a big deal every year when perc season comes around to get your property ready to go and go from Raw land to Buildable land. Spending time with me to sell or buy your home is an experience. It is always a pleasure to work with home owners and home buyers or Renters to help in every possible way I can. I use my previous Elite Military Skills, bring them to the table for the toughest of tough situations in Real Estate. That’s is the Realtor® you want working for you. Please feel free to reach out to me any time of the day to set up and appointment and lets get that house sold, or lets go find the house your ready to purchase.
Skip Young | EXP Realty | Waldorf MD Realtor®
Realtor®, Veteran, New Home Sales
888-860-7369 x 240 Broker
137 National Plaza, suite 300
National Harbor, MD 20745
Caruso Homes “Build on Your Lot”
2120 Baldwin Avenue, Suite 200, Crofton, MD 21114
Mortgage Banking Consultant
Maryland Retail Mortgage Administration
NMLS ID: #1039708
First National Bank Corp.
1000 Bestgate Rd. Suite 200
Annapolis, MD. 21401
Waldorf MD Realtor® | Veteran | eXp Realty | Author | VAREP Director of Government Affairs Annapolis
Waldorf MD Realtor Skip Young Realtor for your Military move!
Waldorf MD Realtor – Skip Young Being very fortunate enough to have a father in the Navy who was stationed in Hawaii for 18 years, I was able to grow up as a military child with only two duty stations. After leaving Hawaii’s Barbers Point, our PCS was to San Diego. After Skip Youngs father’s retirement from the Navy, my father decided to return back home to the state of Maryland. I was taught the disciplines of a Military Son. If your reading my Bio here you will understand.
I myself then signed up for the Army because I knew in my heart serving my country was the first step in manhood. I left Baltimore MEPS and headed for Fort. Benning GA. Infantry training began, then Airborne school and then Ranger Indoctrination Program RIP. Yes, this was the Black Berets that came and got me from the graduation of Airborne school. The rest of the story is I ended up at 1st Ranger Battalion at Hunter Army Airfield. I can go no further than this at this point. I served my country from 91 -94.
While in Ranger Battalion I was trained on Motorcycles during Airfield Seizures, I had taken my bike for training at Ft. Stewart GA where a POV pulled out in front of me. I was then removed from Battalion and took up duties on base that would allow the repairs to my knee to heal. Jobs such as maintaining the Gym, Hunter Army Airfield Reporter, and my final job were to drive General DeFransisco I performed duties on Hunter Army Airfield just like a Ranger would and it showed.
I returned to my home state of Hawaii and was assigned to the 25th Infantry Division while there I served out my term and received a disability rating and returned home to Maryland.
I first got into Real Estate at the same time I opened my first Wireless store. Early 2000’s was great for Real Estate and a great way to learn quickly like a Ranger would. Since there was the boom in the Real Estate market as a Realtor I sold 60 homes that grossed over 12.5 Million. This won an award for Rookie of the year in Calvert County MD. My success has continued ever since. I have since received a degree in Information Technology since the Real Estate Market has changed to a digital and internet-based platform.
Currently, I am a Realtor working at Remax 100 in White Plains MD. To help move Active and Veteran Military persons I have been certified as a Certified Military Relocator. To assist in making your transition as smooth as possible. Being an Elite Solider, there are times when I would just have to leave for deployment. In this situation, you need someone you can trust and understand the security that comes along with the job. Your job title is not a factor to me, the factor is making sure your home is secure, on sale, for rent, investments protected and someone is keeping an eye on your property while you are serving your country. We work in a world where things move very fast, you need a Realtor that can handle the pressure of what pressure you experience every day in military life.
Certified Military Relocator Maryland – Skip Young
To get in touch with Skip Young and have myself personally work for you in your PCS transition please fill out the form below or give me ca call and I will get right on your Maryland House Purchase, Sale or Rental. Currently working in the surrounding area’s of Patuxent Naval Base PAX River, Andrews Air Force Base, Fort Meade, and Indian Head Naval Base.
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