Steve Hudgens's Colleagues at Emergency Mortgage Services, LLC
Steve Hudgens's Contact Details
Lanham,Maryland,United States
Emergency Mortgage Services, LLC
Steve Hudgens's Company Details
Our goal is to prevent foreclosure and to turn non-performing loans into performing loans for our mortgage partners and affiliates by specializing in Short Sales.What is a Short Sale? It's the negotiation for a lower price for a home than what is owed to the lender.Will a Short Sale hurt my credit? It may put a small ding on your credit score; however, it will not be as bad a ding as a foreclosure would be. A foreclosure would significatnly impact your credit score.Do owners still owe money after a Short Sale? Keep in mind that the agreed upon price is payment in full; however, the homeowners may still owe the difference between the mortgage balance and the discounted amount as in a result in deficiency judgement.What qualifies for a Short Sale? 1. Mortgage is in the process of default.2. Seller has no assets.3. Seller is experiencing economic problems.