Military Mortgage Default and Clearance

April 13, 2011 - PRLog -- We Buy Houses VA: Having clearance as military personnel means that you are living a clean life with no real negatives. You have your life squared away, in other words. If you own a home and allow it to go into default your clearance could be jeopardized.

When your orders come and you know you’ll be moving, the house must go on the market. With the difficulty all sellers seem to be having these days, you will most likely have a tough time selling, too. Some homes are on the market for a year or more. Perhaps you don’t have that long to wait.

Leaving to go to your new assignment should not include having to worry over the house back at the last assignment that you must continue to pay a mortgage on. You’ll have to pay rent or a mortgage at the new place, too. Not many military personnel make enough to comfortably absorb two house payments into their monthly pay.

So short of walking away from your home when you move and letting it go into foreclosure, what can you do instead? You can try putting a really irresistible price on your house to encourage a quick sale. That’s one of the best ways to sell your house in the difficult market that exists today.

If you would like to hold onto the home until the market stabilizes you can try renting it out. Perhaps there’s a family that will be stationed in that area that needs a house. The internet makes it easy to conduct a credit check. Charge the proper amount for typical rentals in the area. This will help you to cover the mortgage while you are living in your new locale. When the market improves, you can try selling again.

Going on ahead to report for duty while your family members stay behind is an option, although probably not the best one. Your spouse can stay until the house sells. The problem with that today is that the house could take a very long time to sell. It’s not unusual for it to take a year or even more.

You can try getting an offer from a real estate investor that buys houses for cash. They can usually complete a deal within a week after you accept their offer. They buy houses in any condition, so you and your family can move on to the next duty station together with no more concern for the house you had for sale.

American Renewal Properties is a Northern Virginia real estate solutions company that buys, fixes and sells residential real estate in Virginia and the metro-DC area. We work with people who as a result of specific stressful circumstances, must sell their houses. http://www.webuyhouses-nova.com

We strive to assist individuals in getting out from under the burden of excessive house payments while at the same time saving their good credit so they will be able to make a fresh start unhindered by credit blemishes. American Renewal Properties specializes in buying these houses headed for foreclosure as well as selected bank-owned properties and general owner-initiated sales. http://www.webuyhouses-nova.com

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American Renewal Properties http://www.webuyhouses-nova.com, is a Northern Virginia real estate solutions company that buys, fixes and sells residential real estate in Virginia and the metro-DC area.