What is Short Sale?
A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property. The property owner cannot afford to repay the full amount of the loan(s) and the lender(s) agree to release their mortgage(s) on the real estate and accept less than the amount owed.
OUR PHILOSOPHY:
“A short sale is often used as an alternative to foreclosure”
Below are some reasons that could qualify you for a short sale
What are the benefits?
There are many benefits and programs to help distressed homeowners who wish to pursue a short sale. The lenders themselves may offer relocation assistance to qualified homeowners.
REASONS WHY YOU MAY QUALIFY FOR A SHORT SALE
Modification Denial
If you were unsuccessful in completing a loan modification
Payments
Unable to afford your payments
Financial Hardship
Loss of job, income, medical expenses, divorce
Property Value
Owe more than what the property is worth.
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