When facing foreclosure or the need to sell a distressed property consider this:

Are you in a preforeclosure situation? Have you defaulted on your mortgage payment for two (2) months or more?  You are running the risk of auction/eviction.  Please contact one of our consultants to discuss potential solutions immediately. Here are some of your options:

-Establish a "work out" with your current lender
-Refinance with current lender**
-Refinance with a new lender**
-Work with a realtor to find a homebuyer for your property (quickly before it is foreclosed on)
-File bankruptcy to defer the foreclosure (this option has many ramifications make sure you understand them)
-Sell your home to an investor before the foreclosure auction
-DO NOTHING, lose your home, along with all your equity, be evicted, destroy your credit with a foreclosure and if that were not enough, get a 1099 form from the mortgage holder making you responsible from a tax perspective for whatever loss the bank had on your property (what you owed on it versus what the property sold for at auction)

**Refinancing is not an option if not currently employed

BOTTOM LINE- you cannot afford to do nothing!!  You must realize this is a situation that will not magically go away. Talk to an experienced professional that can guide you according to your SPECIFIC situation. Acting quickly can mean the difference between retaining your property, cashing out and saving yourself from foreclosure or any number of better alternatives than foreclosure/eviction.

Do you have a distressed property that you want to sell?  Sometimes the thought of renovating/fixing-up a property for purposes of resale seems like a daunting task at best.  If you are resourced contrained, do not know where to start, or need to move the property quickly contact us.  WE BUY DISTRESSED HOMES AND CAN CLOSE IN 14 DAYS OR LESS.

Shorebreak Investments, LLC
817 Saltmeadow Bay Arch Unit 408
Virginia Beach, VA  23451
(757) 615-2986
advisor@shorebreakinvestments.com