HELPING HOMEOWNERS AVOID FORECLOSURE.
SELL YOUR HOUSE IN A SHORT SALE.
WHAT IS A SHORT SALE?
In real estate, a short sale is when a homeowner sells their property for less than the amount owed on their mortgage, with the lender’s approval, to avoid foreclosure.
You might have heard that a short sale could solve your problem. In a short sale, you sell your house for an amount that falls “short” of what you owe your mortgage lender. For a short sale to work, your lender (or lenders if you have more than one loan on the home) must agree to receive less than they’re entitled to under the loan terms.
While a short sale is one way to avoid foreclosure, these sales have advantages, and disadvantages. Short sales sometimes work out well for people, but they’re not for everyone and only appropriate in some situations.
BASIC Qualifying factors for a Short Sale:
Since every situation is different, you may also qualify for other options to keep your home through a loan modification. Contact our lender’s loss mitigation department to learn about your options.
It is important you hire someone who is familiar with the necessary paperwork required and dealing with these complicated transactions.
The mortgage lender will pay the realtor commission to represent you and will also cover any attorney legal fees!
Want to discuss your options?
For a Complimentary No-Cost, No Obligation, Confidential Consultation please fill out the form below or call/text me directly at 203-619-4377