Short Sales

What is a Short Sale?

A short sale occurs when a borrower has a property that is underwater and is allowed to sell the home for less than what they owe on their mortgage. The bank forgives the remaining debt on the loan. It is mutually beneficial for the borrower and the lender.

Fast & Easy Short Sale Services

• No cost to home owners…Guaranteed
• Walk away without owing the bank anything
• Avoid foreclosure

Is a short sale process right for me?

Below are a few reasons why many decide to proceed with a short sale on their properties:

• If you owe more than what your property is worth, and it doesn’t make financial sense to keep the property.
• If you are having a hard time to make your mortgage payments.
• If your monthly payments,  interest rate, or mortgage balance has been increasing.
• If you relocated to a new home and paying for the current property and a new living situation is not possible.

What Sort Of Hardship Would My Mortgage Lender Consider Legitimate?

It varies by lender and it is determined by the mortgage company considering the Short Sale process request. The list indicated below are the most common “hardships” that are frequently accepted by the mortgage lenders:

• Job loss or significant income loss
• Family illness or injury
• Divorce or split of domestic partners
• unforeseen increase in living expense or Adjustment in mortgage payment 
• Injury or illness in the extended family – specifically if it forces relocation
• Job relocation when the property is equity deficient

We will assist you with the hardship paper work and other required information your mortgage company requires for you to  provide in order to process the short-sale. We will be there every step of the way so all is submitted in the required and timely manner.

How do I know if I qualify for a short sale?

A short sale process will typically be done on a property which is going into the foreclosure stage. This means the homeowner is at least three payments behind and the foreclosure suit has been field by one or more mortgage lenders. This doesn’t mean you have to wait for this to occur. If you are behind or in default on your mortgage you are a potential candidate for a short sale process.  A short sale is when the lender is accepting a payment short of the original amount. If you have equity in your home and are falling behind on mortgage payments, contact us for an offer on your home.

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