SHORT SALES 

A short sale occurs when a property is sold for less than the amount owed on the mortgage and the Lender agrees to accept that amount as satisfaction of the mortgage still owed.

There are many questions that need to be resolved with the help of a professional to see if you qualify to do a short sale.  Will it work or not?  Please ask yourself these few questions:

o       Are you current with your home payment?

o       Is there a hardship that is causing you to be delinquent with your payments?  If so what is the hardship?

o       Is this home your primary residence?

o       Have you filed for bankruptcy protection?

o       Have you tried to refinance the property?

o       Do you have a second or third lien on the home?

o       Are you less then 60 days from foreclosure?

o       Is a short sale a better option for you than a foreclosure?

The Lender will usually require a Realtor qualified in short sales to handle the process – do you know one?

Having a Realtor who has received training in working with banks to resolve issues saves time, money and frustration.

To help you answer any or all of these questions, call or e-mail me.  I am here to help you through the process.