Are You Facing Foreclosure in Maryland?
If you’re a homeowner in Maryland—particularly in Harford County—facing foreclosure, you are not alone. Many homeowners experience financial hardships due to job loss, medical bills, divorce, or unexpected expenses. While foreclosure can feel overwhelming, there is an alternative solution that protects your credit and gives you more control over your financial future: a short sale.
What Is a Short Sale?
A short sale happens when you sell your home for less than the amount you owe on your mortgage, with your lender’s approval. While this means you won’t make money from the sale, it helps avoid the long-term financial damage of foreclosure and gives you a chance to move forward without the same credit impact.
Benefits of a Short Sale vs. Foreclosure
- Minimize Credit Damage: A foreclosure can stay on your credit for up to seven years, severely affecting your ability to buy or rent a home. A short sale has a much lower impact on your credit score.
- Greater Control: With a short sale, you can be actively involved in choosing a buyer and setting a closing timeline, unlike foreclosure where the lender takes full control.
- Possibility of Relocation Assistance: Some lenders offer financial help for relocation when approving a short sale.
- Faster Recovery: Many homeowners can qualify for a new mortgage sooner after a short sale compared to a foreclosure.
Why Work with a Realtor?
Short sales are complex, requiring lender negotiations, paperwork, and strict timelines. That’s why having an experienced Realtor is essential. At We Sell Harford Homes, we:
- Negotiate directly with your lender to streamline the approval process.
- Market your property to attract serious buyers.
- Handle all paperwork and deadlines so you can focus on your next chapter.
- Advocate for your best interests every step of the way.
Serving Homeowners Throughout Harford County
We Sell Harford Homes proudly helps homeowners throughout Bel Air, Aberdeen, Havre de Grace, Edgewood, Fallston, and all of Harford County. Whether you’re just starting to fall behind or are already facing foreclosure, we can help you explore your short sale options.
How to Get Started
- Schedule a Consultation: Contact We Sell Harford Homes for a confidential discussion.
- We Handle the Details: We work with your lender and manage every step of the process.
- Sell Your Home, Avoid Foreclosure: Protect your credit and move on with peace of mind.
Don’t Wait Until It’s Too Late
If you are thinking, “Can I sell my house before foreclosure in Maryland?” the answer is yes. A short sale may be your best option, and we’re here to guide you through it. Contact We Sell Harford Homes today to discuss your options.