Short Sale Assistance
No Equity? No Problem! Short Sell Your House Fast!
What is a Short Sale?
A short sale occurs when the proceeds of a real estate sale fall short of the balance owed on the property. A short sale typically is executed to prevent a home foreclosure. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing. For the home owner, the advantages include avoidance of having a foreclosure on their credit history. A short sale is nothing more than negotiating with lien holders a payoff for less than what is owed.Do I qualify for a short sale?
Usually, if you are behind on payments or about to fall behind on your payments your lender will be willing to talk about a short sale. Also, you will need to be able to show a financial hardship. You should contact us immediately to see if you qualify for a short sale.How do I benefit from a short sale?
A short sale helps to relieve the stress of being in foreclosure. You can get rid of your big mortgage payment and move on with your life while ending the harassment from your lender. The homeowners we have helped are tremendously thankful to be relieved of the burden the foreclosure has caused.
A short sale also prevents additional damage to your credit. Some late payments have already done some damage to your credit, however a foreclosure will do much more damage and lower your credit score.
