Homeowners that find it difficult to keep up with mortgage payments must admit as much if they are to be considered a candidate for a short sale.
Keep your home’s interior and exterior in top shape. Declutter the rooms, do some low-cost landscaping and consider affordable staging projects.
A lawyer can be useful in various situations, such as when there is a possibility that a deficiency judgment will be entered against the homeowner; when a homeowner needs help understanding the terms of a short sale agreement.
A short sale can be an option for homeowners struggling to keep up with their mortgage payments.
When you owe more on your home than it’s worth and you need to sell, the transaction in which you will sell your property is called a short sale.
A short sale can hurt your credit scores because you’re settling your mortgage loan for less than you owe rather than repaying the full amount as agreed.
Short sales and foreclosures are both processes that occur when homeowners are struggling to keep up on their mortgage payment. The extent of the seller’s control is a significant difference between these two processes.
By inviting us to act on your behalf, you can be represented by professionals with your interest in mind. We will work with your bank to stop the foreclosure process. In order to prevent foreclosure, you must first learn what the Short Sale process entails.
A short sale usually indicates a homeowner in financial distress, a real estate market in the doldrums, or both. The short sale must be approved in advance by the mortgage lender.