Behind on your mortgage or received a foreclosure notice? You still have options, and the sooner you act, the more of them you keep. Mukaram Ghani, Broker with RE/MAX Galaxy, helps Northern Virginia homeowners sell before foreclosure, negotiate short sales, and protect their credit and equity.
Call or text Mukaram at 202-710-3342 for a confidential, no-pressure conversation.
Your Options When You Are Behind on Your Mortgage
Every situation is different. We start by looking at what you owe, what the home is worth, and how much time you have, then walk through the realistic paths:
- Sell the home before foreclosure. If you have equity, a traditional or as-is sale can pay off the loan, stop the foreclosure and put money in your pocket.
- Short sale. If you owe more than the home is worth, your lender may agree to accept less than the full balance. See the short sale details below.
- Sell for cash, fast. If time is short, a cash sale can close quickly. Get a guaranteed cash offer.
- Renovate and list. If repairs are holding back your price, we can arrange the work and take our costs at closing. See Renovate and List, Paid at Closing.
- Work with your lender. A loan modification, repayment plan or forbearance may let you keep the home. Speak with your lender or a HUD-approved housing counselor directly. We do not offer loan modification services.
- Deed in lieu of foreclosure. In some cases you can hand the property back to the lender to avoid a foreclosure sale.
What Is a Short Sale?
A short sale, also called a pre-foreclosure sale, is when you sell your home for less than the balance on your mortgage and the lender agrees to accept the sale proceeds. It usually needs your lender’s approval, so the process takes longer than a normal sale, often several months, and not every request is approved.
A short sale may be worth considering if you are behind on payments, owe more than the home is worth, cannot refinance or modify the loan, or face a long-term hardship. It generally affects your credit less than a completed foreclosure, but the details depend on your lender and your situation, so ask your lender and a tax professional how it applies to you.
How We Help Homeowners Avoid Foreclosure
- Free, confidential review. We look at your loan, your timeline and your home’s value.
- Clear options. You see the numbers for each path before you decide anything.
- Local pricing and marketing. We price the home to sell and market it across Northern Virginia, including Fairfax, Vienna, McLean, Prince William County and Loudoun County.
- Lender communication. For short sales we work with your lender to submit the paperwork and keep the sale moving.
- Close and move forward. We coordinate with the title company so you can close on time.
Foreclosure Questions Northern Virginia Homeowners Ask
Can I still sell my house if I already received a foreclosure notice?
Often yes. Contact us right away, because Virginia foreclosures can move quickly and the earlier we start, the more choices you have. We cannot promise a lender will stop a foreclosure.
Can I sell if I am behind on payments?
Yes. Being behind does not stop you from selling. If there is equity, the sale can pay off the loan, including past-due amounts.
Will I have to move out right away?
Not necessarily. Your timeline depends on where the foreclosure stands and which option you choose. We will explain it before you commit.
How much does it cost to work with you?
We explain all costs up front before you sign anything, including how and when we are paid.
Do you offer loan modifications?
No. For a loan modification, speak with your lender or a HUD-approved housing counselor. If a sale is the better path, we help with that.
Talk to Mukaram Today
Call or text 202-710-3342, or send a message. You can also find out what your home is worth or read about selling your home in Northern Virginia.
This page is general information, not legal, tax or financial advice. Talk to an attorney or tax professional about your situation. Terms and conditions apply. Renovate-and-list and cash options are subject to a written agreement and eligibility, and not all properties qualify. Mukaram Ghani, Broker, RE/MAX Galaxy.