Virginia Beach Real Estate

We have all heard and read the daunting news about the ongoing rise in the foreclosure rate. Realtytrac reports Virginia foreclosure filings jumped 18% in March compared to February figures, while the number of homes repossessed by lenders jumped 31 percent.

Many Virginia Beach homeowners are lulled into believing that it cannot or will not happen to them, but would you know what to do if you could no longer pay your mortgage?  It is important for Virginia Beach homeowners to know their options so that they can make an informed decision on the best way to move forward in a stressful situation such as foreclosure. 

This article from FreddieMac.com does a great job outlining the terms associated with foreclosure and the steps to take if you think you may soon be facing foreclosure.  Among the topics covered in this helpful article:

• What to do if you can not pay your mortgage
• What if you can no longer afford to keep your home
• Beware of scam artists

I would also add to the list of steps to take when facing foreclosure - contact an experienced Virginia Beach Realtor!  Along with a reputable lender, an experienced Realtor can help explain your options and guide you through whichever choice you decide to make. 

Also read: Beware of Virginia Beach Real Estate Scam!

For more information about Virginia Beach real estate, please call us today at 866-222-0158 #550 or visit ButlerTeamHomes.com, we are happy to help you.  You may also click here to receive a complimentary analysis of your homes value!

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