Specializing in Business Transactions and Real Estate.
Recent Developments
Foreclosures:
The housing market slump and expanding credit crisis has resulted in an explosion of foreclosures. Home owners who are forced to sell are finding a smaller pool of prospective buyers who can qualify for mortgages under stricter lending guidelines. In addition, many homeowners have seen the equity in their homes diminish as housing prices have dipped. If you must sell your home and find yourself without sufficient equity to pay off the mortgage(s) or other liens, it is possible to negotiate a “short-pay” or “short-sale” with your lender. Because of the huge losses incurred by lenders recently, many are now more open to arrangements that will keep the property out of foreclosure. I have experience with negotiating these arrangements with lenders and other creditors. I work with a number of investors who may be in a position to purchase your home. It may even be possible for financially troubled homeowners to stay in their homes after an investor purchase. Don’t allow your home to go to foreclosure without exploring all of your alternatives. Feel free to contact me for more information.

 
 


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9211 Forest Hill Avenue - Suite 201 Richmond, Virginia 23235
Tel. (804) 560-0961 Fax. (804) 272-6944 E-mail: andy@tandrewlingle.com

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