What is a Short Sale?
A short sale is when the lender agrees to accept a lower payoff amount on a mortgage than is currently owed.
The outstanding loans and liens against a property, after closing costs are paid, are greater than the proceeds from the sale of a home.
Do I qualify for a short sale?
To qualify for a short sale, you must be able to prove to your lender that you are a victim of a hardship and therefore unable to continue making payments on your mortgage. Qualifying for a short sale is dependent on individual circumstances. If you answer "yes" to the following questions, you may be a good candidate for a short sale:
Have you experienced an unforeseen hardship since you obtained financing for your property?
Do you owe more on your property than the amount your home could sell for in the marketplace today?
Do you have significant difficulty in making your monthly mortgage payment?
There needs to be “financial hardship.”
A short sale is for those who “have” to sell!
A short sale is a good alternative to a foreclosure!
Know your mortgage options!
The longer you wait ...
The less options you will have!
Experienced Realtors will negotiate the Short Sale of Your Home!
Call us for more information at 678-903-7110